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07-06-2023, 10:24 PM | #2671 | |||
BANNED
Join Date: Jul 2012
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Quote:
Can confirm that tas is in negative growth...starting to get hanger ons looking for work....no you're not worth a thousand buck a day is my response.
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08-06-2023, 11:36 AM | #2672 | ||
The 'Stihl' Man
Join Date: Jan 2005
Location: TAS
Posts: 27,585
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While I want no ill for anyone in particular I do hope the housing market cools off a bit more. I noticed ~10% drop in the 800+ range but for my mind Tassie houses generally are still inflated. What makes it hard here is limited supply and trades to build in a hurry.
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08-06-2023, 01:00 PM | #2673 | ||
DIY Tragic
Join Date: Apr 2018
Location: Sydney, more than not. I hate it.
Posts: 22,361
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I felt some of the last few years’ huge leap in Tasmanian real estate prices was due to people buying with what I call “tourist eyes”, not really seeing or understanding the base dynamics of its population or seeing the large gaps in infrastructure/services (like the Launceston hospital heliport decommissioning, which is a big and festering issue). That naïve market is bound to correct.
Similarly I expect a fall in Adelaide prices, as there’s not much reason most of it should be dearer than a place like Wagga. A lot of civic amenity that people cite as reasons to live somewhere, they under-use; it’s a mantra of self deception. A shout-out to Yellow Festiva, I think he darned near picked Sydney’s bottom perfectly and his comments on deposit rates are coming true as well. Not everyone in his position would have chosen to share their insights so freely but I for one have appreciated seeing how well focused they were. |
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08-06-2023, 01:05 PM | #2674 | ||
Donating Member
Join Date: Jun 2007
Location: Checking out soft furnishings....
Posts: 8,811
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Yellow has been sharing his wisdom for years, not just on the housing market either, he's a legend.
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10-06-2023, 06:59 PM | #2675 | |||
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Posts: 2,886
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Quote:
aluminium windows. Most look like bags of dog shyte. Basically a shed lined and insulated. And they can't build them quick enough at 2000 bucks a sq metre....and more.
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11-06-2023, 08:30 PM | #2676 | ||
DIY Tragic
Join Date: Apr 2018
Location: Sydney, more than not. I hate it.
Posts: 22,361
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https://www.abc.net.au/news/2023-06-...ites/102460298
I’m getting tired of the mantra “housing is a right” coming out of young mouths. In addition to disparaging remarks about “randoms”. Most people are decent and honest, statistics bear it out. |
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12-06-2023, 06:40 AM | #2677 | |||
FF.Com.Au Hardcore
Join Date: Sep 2014
Location: A.C.T
Posts: 1,606
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Quote:
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12-06-2023, 07:27 AM | #2678 | |||
Cabover nut
Join Date: Aug 2015
Location: Onsite Eastcoast
Posts: 11,273
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Quote:
On renting, I reckon it would be bad enough going through the untrustworthy process of leasing and the way real estate agents treat you these days, let alone needing to, then do a similar thing yourself in interviewing these "randoms" to share with, if in fact you are approved to do so by a landlord. From the article.....As for buying, she said the only way that would be possible for her was with family help. "I've heard a lot of people are moving back in with their families just to save up enough to get a deposit," she said. "That's the situation with me really. To even get a deposit you'd have to not be renting." Don't think I would want to be in this situation facing young renters or buyers.
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heritagestonemason.com/Fordlouisvillerestoration In order that the labour of centuries past may not be in vain during the centuries to come...... D. Diderot 1752
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12-06-2023, 08:02 AM | #2679 | |||
FF.Com.Au Hardcore
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Location: A.C.T
Posts: 1,606
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Quote:
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12-06-2023, 08:09 AM | #2680 | ||
Cabover nut
Join Date: Aug 2015
Location: Onsite Eastcoast
Posts: 11,273
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Not arguing, We all did that, well I didn't, lived in a converted truck.
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heritagestonemason.com/Fordlouisvillerestoration In order that the labour of centuries past may not be in vain during the centuries to come...... D. Diderot 1752
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12-06-2023, 08:22 AM | #2681 | |||
Former BTIKD
Join Date: Mar 2005
Location: Sunny Downtown Wagga Wagga. NSW.
Posts: 53,197
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Quote:
"Her friend from Sydney, who describes himself as being on a "good income", has also had to move into a bigger share house following his rent going "through the roof". He's spending about a third of his income on rent." I would have thought that a 1/3rd was reasonable....so what does he do with the other 2/3rds
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12-06-2023, 08:26 AM | #2682 | |||
Rob
Join Date: Sep 2006
Location: Woodcroft S.A.
Posts: 21,658
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Quote:
Why is it so hard for some to accept that buying a house or renting, is much harder financially these days than ever before,
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12-06-2023, 08:49 AM | #2683 | ||
DIY Tragic
Join Date: Apr 2018
Location: Sydney, more than not. I hate it.
Posts: 22,361
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I’m not suggesting it isn’t more difficult for many, but I chose to highlight a personal choice some people are making which constrains them further.
Plus the notion of what is a “right”; I absolutely believe everyone should have the right to opportunity - and it is from there, they may find their way into their own place. My personal view is that life is entirely a job of sorts, by work of all facets we sustain ourselves (cf Gen 3:19). Again to share housing, it’s almost two-three decades’ stale experience but you weren’t subject to the agent's oversight in such a personal way - the lessee was held ultimately responsible by the letting agency. In Sydney at least, the traffic makes many longer commutes diabolical, this is incredibly wearing. Even if you are to choose a motorbike as a way to speed that up (via lane filtering when cars stationary) the lack of bike awareness makes it genuinely dangerous. |
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12-06-2023, 09:55 AM | #2684 | ||
FF.Com.Au Hardcore
Join Date: Feb 2005
Posts: 5,070
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That quote is clickbait... it isnt quoted in the article itself so there's no context attached to it. Plenty of people live in share houses with people other than their friends.
Sharing rooms is unusual for the Aus housing market. These aren't frat boys in a college dorm comedy. These are grown-*** adults in Australia. I'd bristle at that too TBH. |
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12-06-2023, 09:56 AM | #2685 | |||
Experienced Member
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Location: Australasia
Posts: 7,661
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I've been through it, my kids been through it and now my grandkids are going through it, don't see any real difference. |
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12-06-2023, 10:10 AM | #2687 | |||
Cabover nut
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Location: Onsite Eastcoast
Posts: 11,273
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Quote:
I couldn't imagine what office workers would have to spend on just clothing alone being an outside mudder.
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heritagestonemason.com/Fordlouisvillerestoration In order that the labour of centuries past may not be in vain during the centuries to come...... D. Diderot 1752
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12-06-2023, 10:11 AM | #2688 | ||
Cabover nut
Join Date: Aug 2015
Location: Onsite Eastcoast
Posts: 11,273
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was it Joe Hockey ?
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heritagestonemason.com/Fordlouisvillerestoration In order that the labour of centuries past may not be in vain during the centuries to come...... D. Diderot 1752
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12-06-2023, 11:13 AM | #2689 | ||
WT GT
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12-06-2023, 11:33 AM | #2690 | ||
Cabover nut
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Location: Onsite Eastcoast
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I thank him for his service or am I in the wrong thread.
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heritagestonemason.com/Fordlouisvillerestoration In order that the labour of centuries past may not be in vain during the centuries to come...... D. Diderot 1752
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12-06-2023, 12:37 PM | #2691 | ||
FF.Com.Au Hardcore
Join Date: Jan 2019
Posts: 575
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If there were less people like that bloke buying properties for 'investment' - ie speculation - there would be more houses available to buy for people who want to buy their own home.
When Costello/Howard cut capital gains tax in half that only made it more attractive for the 'investors' - ie speculators - to buy more houses and at the same time it made it more difficult for the person who wanted to buy their one and only home to live in. If the '78 houses' bloke built those 78 houses he has increased the number of houses available to rent, but I would imagine he has bought pre-existing houses, so he and all the others like him are making it harder for people to buy a house to live in. I can't remember how close that Costello/Howard decision was to the next election ... it's a dog-eat-dog world. |
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12-06-2023, 12:58 PM | #2692 | |||
Regular Member
Join Date: Feb 2018
Location: QLD
Posts: 394
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Sorry mate, but there is no such thing as the "Olympic Games", its all a conspiracy. It's actually the "Anna Games"!!!! Your welcome! Terry |
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12-06-2023, 01:52 PM | #2693 | |||
FF.Com.Au Hardcore
Join Date: Jul 2005
Location: Melbourne
Posts: 6,918
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Quote:
And the big migration will come with a cost. Better start raising taxes.... https://au.news.yahoo.com/state-aust...021200120.html Works out to be about $600k a house. Not bad I suppose.
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~~~~~~~~~~~~~~ Rides (past and present) Current: 2004 Ford Falcon 5.4L 3v Barra 220, Manual Past: Mitsubishi Sigma (m), Toyota Seca (m), Toyota Seca SX (m), Toyota Vienta V6 (m), Toyota Soarer 4L v8 (a), BA XR8 ute (m), T3 TE50 (m), BMW Z4 (m) AFF motto - If contrary views trigger, please use ignore button. |
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12-06-2023, 03:55 PM | #2694 | ||
Oppressive patriarch
Join Date: Aug 2016
Location: Brisbane
Posts: 757
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It is harder for each generation. Adult life is delayed, family formation is pushed back, and those that do get on the property bandwagon are more heavily indebted for longer (into their 50s and beyond) than their grandparents, generating ever more billions in fees and revenue for the banking system. It’s an everything bubble: Housing is just the most obvious indicator.
But then, the younger generations are always an easy mark to criticise: travel, phones and Bernard Salt’s avo on toast comments come to mind. So why do I say its getting harder? Labour market - loss of trade training opportunities (CUBBIES not withstanding) - move to a service economy - increasing casualization and loss of manufacturing jobs - more contract and temp jobs Early adult Debt load - useless degree almost a pre req - five figure HECS debts - loss of the cheap car market with increasing safety features and decreasing user serviceabiliy - What young white collar earner can afford a used ranger or hilux? Ongoing immigration - Each year, Government allows another few hundred thousand people in, some via immigration, some via student visas that stay on after graduation and gain permanent residency. This subsidises housing demand, and prices rise. Bankers lend out ever bigger sums and the circus goes on. - This constant demand for ever more housing has increased our population by 10 million or so since 1995, keeps builders and unions happy, and makes some well connected very rich indeed. Existing homeowners see their valuations (and their rates) increase year by year, so provided they're in front on the mortgage (or have none at all), they're mostly happy. Cumulative inflation - if our money wasn't constantly being devalued, we wouldn't see people speculating in assets, trying to get ahead. People speculate in investment housing because its been pretty much a sure thing, since 2001 and capital gains tax changes. - People speculate because our money is being devalued, and we're always told that a little inflation is a good thing. Except CPI constantly undercuts the true rate of inflation, and understates how much purchasing power is lost each year. Inflation is cumulative. And those few million underemployed in the casual labour market (aka Roy Morgan stats) won’t appreciate their costs going up in double digits each and every year. - An economy with a sound currency should be producing gentle deflation, which means gradually increasing purchasing power. This means that saving is worthwhile, which we simply can’t have. Plus, the money supply is not easily expanded, as is needed in times of war, and it looks like we may be at that time again. Constantly in debt throughout adulthood, with less opportunity, our money losing value, and working to pay interest to faceless bankers sounds like slavery to me. Is this what we want for our next generations?
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12-06-2023, 07:14 PM | #2695 | |||
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Too many subjective propositions there with no factual references. |
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12-06-2023, 07:49 PM | #2696 | ||
Oppressive patriarch
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Location: Brisbane
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. Lamenting lost Australian manufacturing. |
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12-06-2023, 11:06 PM | #2697 | ||
FF.Com.Au Hardcore
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13-06-2023, 08:49 AM | #2698 | |||
Experienced Member
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Location: Australasia
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Just because my opinion is different does not mean it is wrong, no need to put people down. Cheers |
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13-06-2023, 09:02 AM | #2699 | |||
Rob
Join Date: Sep 2006
Location: Woodcroft S.A.
Posts: 21,658
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Quote:
I've never said boomers, or any earlier generation, had it easy or 'too good'. The facts don't lie though. House prices have risen much much higher than what wages have over the same period. There's a myriad of other financial differences also but they all point to the same thing. Financially, it's more difficult now.
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17-06-2023, 10:14 PM | #2700 | ||
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ANZ raises mortgage rates out of the RBA cycle by 60 basis points.
It's over 6% for almost any mortgage. wow....how does anyone pay a 700k mortgage now?
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