I could understand the poor ones wanting to live here, but the ones that can live here would have enough money to live anywhere. Surely they will drive up global property prices - although is China that bad a place to live if you are rich? (Are there that many rich Chinamen?)
Whenever you have an argument with someone, there comes a moment where you must ask yourself, whatever your political persuasion, 'am I the Nazi?'
Sure they do. Because they've ruined their own countries they want to come and ruin ours like a plague of vermin. But most of them can't afford to buy. It's the credit stupid. The market is relying on SMSF and Chinese investors atm, super low interest rates, and government intervention in general.
Who knows if that will ultimately prevent the bubble from crashing.
We do NOT need such high levels of immigration.
stinkbug omosessuale Frank Castle is a liar and a criminal. He will often deliberately take people out of context and use straw man arguments. Frank finally and unintentionally gives it up and admits he got where he is, primarily via dumb luck! See here Property will be 50-70% off by 2016.
I could understand the poor ones wanting to live here, but the ones that can live here would have enough money to live anywhere. Surely they will drive up global property prices - although is China that bad a place to live if you are rich? (Are there that many rich Chinamen?)
im sure the media releases of having the worlds most liveable cities have helped..
I absolutely love Australia but suspect that if i had the resources to visit and live in any country on earth i might be living somewhere else.
Billy Jack
5 Oct 2013, 01:44 AM
What do y'all think? Surely this is the biggest factor driving demand?
:pop:
i predicted the current situation on the second post of this page before Glenns 'shift to housing' announcement. I now predict that we are now at the tipping point for melbournes sub 400K shitters to outpace the 400-1M bracket and that there will be one more cut by the end of first quarter of 2014.
im sure the media releases of having the worlds most liveable cities have helped..
I absolutely love Australia but suspect that if i had the resources to visit and live in any country on earth i might be living somewhere else. i predicted the current situation on the second post of this page before Glenns 'shift to housing' announcement. I now predict that we are now at the tipping point for melbournes sub 400K shitters to outpace the 400-1M bracket and that there will be one more cut by the end of first quarter of 2014.
''what do i win if i get all three right ?
i predicted the current situation on the second post of this page before Glenns 'shift to housing' announcement. I now predict that we are now at the tipping point for melbournes sub 400K shitters to outpace the 400-1M bracket and that there will be one more cut by the end of first quarter of 2014.
what do i win if i get all three right ''
This is of course in line with (Pick the correct answer) A) increasing wages in the 'casual work suburbs' (already overpriced by any measure)you are talking about
And B) Even more silly bank lending to the above mentioned casuals, never mind the fact that in sub $400k territory (I mean geographically speaking) most people are on less than the median wage if not indeed casual part time workers and job security is less than figment of imagination.
or C) speculators are going to do all the buying and banks love them to bits lending them whatever they want to buy whatever run down slum they choose. Anyone for $1Mill slums in the middle of nowhere with zero quality, charm, appeal, never mind a complete lack of local amenity.
as a complete aside to this, I have just visited a suburb that is now almost completely 'investorised' This suburb in Melbournes outer SEast 'Karingal' which is now a total toilet suburb, used to be a clean, nice, respectable but working class suburb back in the 70's 80's and into the 90's, Im not sure when it deteriorated to 'steaming pile of shit' status but the biggest factor at play is the specufestor landlords. they have completely pushed out any pride in the houses or the streets, half the people living there are on the dole (on account of offshoring etc) and are now, instead of being working class they are semi unemployed/criminal/druggie class. Once the speculators take over all of these outer working class suburbs then I suspect we will have a Detroit moment when nobody is working and no one pays the rent anymore.
This is of course in line with (Pick the correct answer) A) increasing wages in the 'casual work suburbs' (already overpriced by any measure)you are talking about
And B) Even more silly bank lending to the above mentioned casuals, never mind the fact that in sub $400k territory (I mean geographically speaking) most people are on less than the median wage if not indeed casual part time workers and job security is less than figment of imagination.
or C) speculators are going to do all the buying and banks love them to bits lending them whatever they want to buy whatever run down slum they choose. Anyone for $1Mill slums in the middle of nowhere with zero quality, charm, appeal, never mind a complete lack of local amenity.
as a complete aside to this, I have just visited a suburb that is now almost completely 'investorised' This suburb in Melbournes outer SEast 'Karingal' which is now a total toilet suburb, used to be a clean, nice, respectable but working class suburb back in the 70's 80's and into the 90's, Im not sure when it deteriorated to 'steaming pile of shit' status but the biggest factor at play is the specufestor landlords. they have completely pushed out any pride in the houses or the streets, half the people living there are on the dole (on account of offshoring etc) and are now, instead of being working class they are semi unemployed/criminal/druggie class. Once the speculators take over all of these outer working class suburbs then I suspect we will have a Detroit moment when nobody is working and no one pays the rent anymore.
I don't write the rules Steve, im just an observer.
Mel, Steve, I am new to this internet, but I believe that you have both predicted very well, and considering the scale and importance of this issue to our great country, I believe that means you both win the internets.
I don't write the rules Steve, im just an observer.
what do i win when it comes to fruition?
Sorry, wasnt arguing the case, actualy probably agreeing with what you said but pointing out the reality beyond that as to how the prices will/might rise.
I could understand the poor ones wanting to live here, but the ones that can live here would have enough money to live anywhere. Surely they will drive up global property prices - although is China that bad a place to live if you are rich? (Are there that many rich Chinamen?)
There are more indian university graduates than there are american students. There are more chinese millionaires than there are australians. If you want to sell your country for profit, fear not, there are many buyers. Personally, I think the Chinese will make better overlords than the British ever did. They language will be hard to learn but at least the food will be better.
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