Australias Property Bubble Bursting

[Anonymous No.12965816]

https://twitter.com/ShaneOliverAMP/status/1104282412752617472

>Prelim Domain auction clearance rates. Syd 55% (=final ~46%, last wks final 56%). Mel 48% (=final ~41%, last wks final 48%). Sales volumes remaining weak. Tight credit,record unit supply,sharp fall in foreign demand,-ve gearing+CGT uncertainty, etc continuing to impact. #ausecon

[Anonymous No.12965820]

>>12965816
yikes

[Anonymous No.12965827]

OPs mom getting busted with cumshot

[Anonymous No.12965877]

>>12965827
Nice house and land package you got there. Losing money is smart. Very cool.

[Anonymous No.12966093]

kek

when will they learn

https://twitter.com/rohan_connolly/status/1104240789217935360

[Anonymous No.12966127]

>>12965816
>real estate crashes
>crypto moons
>buy super cheap shoeboxes in every major city
>fuck different qt3.14 Asian uni students every month
Critique my plan cunts

[Anonymous No.12966136]

>>12966127
Asians are ugly, flat, and have potato bodies.

[Anonymous No.12966139]

>>12966127
Crypto has to moon first

[Anonymous No.12966151]

>>12966127
Cant decide between a house that's built for a family or an apartment that's built for a bachelor.

I figure homes appreciate more but it's more effort maintaining and isn't very bachelorish. Considering buying the house as PPOR and leasing it out and using the income to pay for a nice apartment.

[Anonymous No.12966176]

>>12966136
keyword: qt3.14
>inb4 all of them are
great one less competition

[Anonymous No.12966192]

>>12966151
dont ever buy apartments unless it's in some highly speculative location with incoming projects

[Anonymous No.12966224]

>>12965816
.

[Anonymous No.12966226]

>>12966192
dont ever buy afartments unless it's in some highly speckled defacation with incoming pranjeets

[Anonymous No.12966230]

>>12966224

[Anonymous No.12966242]

>>12966224
She wants a Fascist

[Anonymous No.12966246]

Got my place listed for sale in Canberra, getting a bit of interest but nothing serious yet. I'm hoping the ACT's artificial public service economy is still strong enough for someone to buy now.

[Anonymous No.12966254]

Absolutely fucking based

[Anonymous No.12966256]

>>12966224
look at those orangutan arms

[Anonymous No.12966274]

>>12966224
that disapproving girl behind only makes it hotter

[Anonymous No.12966303]

So many owners are in complete denial about state of the real estate market. Cant wait to see them suffer.

[Anonymous No.12966372]

>>12966151
Apartment:
>constructed from chinese plastics and adhesives that leach estrogenic, carcinogenic vapors into the air for years after construction
>poor quality builds requiring expensive repairs
>tiny windows that don't open because living in apartments makes people want to kill themselves
>can hear the neighbours fart, fuck, shit, eat and talk in moon languages
>they can hear you
>body corporate fees so expensive you might as well be renting at the same time
>body corporate stacked with smoothbrains and speaka no engrish foreigners so nothing ever gets done
>roasties aren't impressed because they live in shitty apartments too
>massive oversupply, people don't trust them because of the opal tower bullshit, very few possible worlds where they go up in value much in the foreseeable future
House:
>can buy old house from time when they were actually constructed according to common sense principles
>can learn to fix things yourself
>yard
>trees
>space to have productive hobbies instead of just 'going out'
>neighbours probably speak same language
>people can come stay and it isn't uncomfortable as fuck
>at least has the possibility of kids/family
>roasties will be completely overawed by your wealth and financial nouse, will want to stay at your place (don't let them)
>land will become valuable again faster than apartments

[Anonymous No.12966397]

>>12966372
You're right. And I've been exclusively looking at homes. I'm not quite sure why I started considering apartments again.

[Anonymous No.12966519]

>>12966397
there's a charm to it desu imagine how comfy it'd be to bring a girl home to your studio apartment with a view to the city lights

[Anonymous No.12966547]

>>12966519
That was really part of it. But it's no big distinction, if you've got your own house they love that

[Anonymous No.12966628]

I just got a job in Australia.
How is this going to affect the AUD?

[Anonymous No.12966819]

>>12966628
AUD likely to 60-65USD by end of year

our housing crash gets bad Q3/Q4 this year

[Anonymous No.12966830]

>>12966628
https://www.rba.gov.au/publications/bulletin/2018/dec/understanding-exchange-rates-and-why-they-are-important.html

[Anonymous No.12966838]

>>12966819
I might pay a visit to Aus if the AUD hits that low

[Anonymous No.12966940]

>>12966838
Post hand and we will decide if you can visit

[Anonymous No.12966948]

>>12966176
East asian hotdog body

[Anonymous No.12966957]

>>12966838
Fuck off cunt we're full

[Anonymous No.12966976]

>>12966838
we are full m8

[Anonymous No.12967055]

https://twitter.com/LouiChristopher/status/1104315502573174784

[Anonymous No.12967114]

>tfw if Labor gets in and fucks up franking credits and the ASX takes an instant slide

[Anonymous No.12967175]

>>12967114
fell for the early retirement meme?

[Anonymous No.12967226]

>>12967175
gonna inherit so much from boomer parents I'll be retiring early regardless. but after a life of fuck-uppery I still want to maximize everything I achieve on my own

[Anonymous No.12967446]

How do non-Aus anons take advantage of this? Are their REITs focused on the Australians market we can buy OTC or something when the bottom hits?

[Anonymous No.12967477]

>>12967226
>>12967114
Sadly, like Negative Gearing, Franking Credits were a great idea that was rapidly co-opted by people who really didn't need them and then kept out of reach of others (or rather given to them at great cost).

Fuck it, we can't have nice things when greedy corporate cunts take advantage.

Christ, it'd all work nicely and fairly if it was just regulated independently nd not stacked to the gills with shills and self0interests.

>t. Dude who's the "Socialist" of a very Liberal family and doesn't gaf that this will affect his inheritance/trust and all that shit because he's never had an income over $20-35k pa anyway.

[Anonymous No.12967543]

>>12967477
>>t. Dude who's the "Socialist" of a very Liberal family and doesn't gaf that this will affect his inheritance/trust and all that shit because he's never had an income over $20-35k pa anyway.

Not even vaguely surprised. Once you get a job you'll very quickly come around that a lot of the taxes you paid are squandered

[Anonymous No.12967588]

>>12967543
>Once you get a job you'll very quickly come around that a lot of the taxes you paid are squandered

I'm under no illusion that they aren't...

I'd still rather they be squandered than kept in the hands of a few. Sadly half the time said taxes plus sum end up back in the hands of the few anyway.

Small Government is a fucking joke, we need a Government who can actually do their job and has balls to tell the BCA et al. to take their ball and go home if they don't like the new rules.

If we had a stupid "pay as you go" system for everything we'd be no better than fucking aboriginal communities.

[Anonymous No.12967602]

>>12965816
Hi, my name is Shane and I only appear when there is bad news.
Most of the time I am wrong but who cares as long as it sells.

[Anonymous No.12967663]

>>12967602
Massive cope. He was all around when the property market was booming. You're in denial.

[Anonymous No.12967674]

>>12966127
>fucking your tenants
Im pretty sure you wont succeed

[Anonymous No.12968179]

>>12967446
Yes if you want resi exposure Australian reits that you can buy include mirvac and stockland

[Anonymous No.12968543]

I'm looking at a few homes that have been on the market for like 4 months now. Vendors need to get with the times and drop their prices. They've come down a bit but it's still far off the market.

Annoying cause 1 is absolutely perfect but it's still too expensive. Luckily the area has had huge losses in prices, it's just the vendors being a stubborn mule, so either this place or a very similar place will be available in my price range eventually. Although I expect it to be in 2020.