I just think it’s a great observational study that of everything that’s happened in the last 30 years, the only thing to make a difference was some mild government tax changes causing a drastic overreaction in market sentiment, just goes to show how property in this country is primarily a speculative investment.
Cgdoosi on
Finally! Get rid of the investors and bring on home owner occupiers!
montecarlos_are_best on
“Clickbait news site owned by major real estate company drums up fear about tax changes it doesn’t want”
There, fixed it.
WhiteRun on
Good. The Sydney housing market is beyond cooked. The average mortgage is about $7,000 per month. It’s not sustainable at all.
p4r4d0x on
So the budget is working as intended then, fantastic!
LordWalderFrey1 on
Good. The air needs to be let out of the bubble that is the distorted property market.
Funny how the media banged on and on about how Albo is doing nothing and lacks ambition and won’t do anything to solve the housing crisis. Now that something has happened it’s back to “but muh investment properties”
Geminii27 on
Excellent news to hear. Thanks, NewsCorpse, for letting everyone know how well the current government’s policies are serving the regular homebuyer. Hope to hear more of this.
antsypantsy995 on
But i was told with a mass exodus of all these investors that all these homes would be instantly sapped up by FHB!
So where are all these FHBs?? If FHBs were sapping all these properties up now without investor demand, auction rates would still be quite high. Low auction clearnace rate means **no-one is buying** including FHBs.
Maybe just maybe, the housing market crisis is not predominantly about investors…. oh wait it’s reddit. Of course it is. Silly me.
8 Comments
I just think it’s a great observational study that of everything that’s happened in the last 30 years, the only thing to make a difference was some mild government tax changes causing a drastic overreaction in market sentiment, just goes to show how property in this country is primarily a speculative investment.
Finally! Get rid of the investors and bring on home owner occupiers!
“Clickbait news site owned by major real estate company drums up fear about tax changes it doesn’t want”
There, fixed it.
Good. The Sydney housing market is beyond cooked. The average mortgage is about $7,000 per month. It’s not sustainable at all.
So the budget is working as intended then, fantastic!
Good. The air needs to be let out of the bubble that is the distorted property market.
Funny how the media banged on and on about how Albo is doing nothing and lacks ambition and won’t do anything to solve the housing crisis. Now that something has happened it’s back to “but muh investment properties”
Excellent news to hear. Thanks, NewsCorpse, for letting everyone know how well the current government’s policies are serving the regular homebuyer. Hope to hear more of this.
But i was told with a mass exodus of all these investors that all these homes would be instantly sapped up by FHB!
So where are all these FHBs?? If FHBs were sapping all these properties up now without investor demand, auction rates would still be quite high. Low auction clearnace rate means **no-one is buying** including FHBs.
Maybe just maybe, the housing market crisis is not predominantly about investors…. oh wait it’s reddit. Of course it is. Silly me.