I assume dropping house prices therefore lower mortgages is going to be good for the country
maximusbrown2809 on
Man you can’t win in politics. All my well off friends are so pissed. Albo scrapped the highest group of tax courts promised last election now he has reformed investment properties and cgt. That’s 2 massive deal breakers for voting for not voting for albo again. My not so well off friends area pissed about petrol prices and cost of living and blame albo.
BlakeDragon on
Working way before it’s implemented is incredible. House prices are coming down which was the intention of the budget changes. So those first time buyers can get a Home.
thehandsomegenius on
Well at these prices, the investment yields don’t really make sense, do they?
Not when you can get 5% from the bank.
So the only thing to invest for is a capital gain, except that’s not really on offer if prices have peaked.
SuleyGul on
I’m in South west Sydney. So far in the last 2 weeks house prices haven’t dropped at all. House just sold today for $1.17 mil in my suburb. For context I bought my house early 2025 which is quite similar to this house in both land, rooms , age, etc for $1.01 mil. Another house sold last week for $1.13 mil again very similar to my house.
That range has been the ballpark figure for the last few months. Can’t say what other suburbs are like as I only follow my area.
Interesting_Road_515 on
In my suburb, l walked past two auctions today, all passed in. One family offered a price quite lower than the price range, and nobody bid in the second one. Couldn’t expect that even two weeks ago.
gin_enema on
It’s like the whole thing was propped up by tax subsidies
7 Comments
This is what people wanted yes?
I assume dropping house prices therefore lower mortgages is going to be good for the country
Man you can’t win in politics. All my well off friends are so pissed. Albo scrapped the highest group of tax courts promised last election now he has reformed investment properties and cgt. That’s 2 massive deal breakers for voting for not voting for albo again. My not so well off friends area pissed about petrol prices and cost of living and blame albo.
Working way before it’s implemented is incredible. House prices are coming down which was the intention of the budget changes. So those first time buyers can get a Home.
Well at these prices, the investment yields don’t really make sense, do they?
Not when you can get 5% from the bank.
So the only thing to invest for is a capital gain, except that’s not really on offer if prices have peaked.
I’m in South west Sydney. So far in the last 2 weeks house prices haven’t dropped at all. House just sold today for $1.17 mil in my suburb. For context I bought my house early 2025 which is quite similar to this house in both land, rooms , age, etc for $1.01 mil. Another house sold last week for $1.13 mil again very similar to my house.
That range has been the ballpark figure for the last few months. Can’t say what other suburbs are like as I only follow my area.
In my suburb, l walked past two auctions today, all passed in. One family offered a price quite lower than the price range, and nobody bid in the second one. Couldn’t expect that even two weeks ago.
It’s like the whole thing was propped up by tax subsidies