Australian (ASX) Stock Market Forum

The change in Australian occupied housing composition since 2006 is interesting.
Be far more interesting to see some more up to date data.
Mick


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I think part of the issue is just that.

I've never met anyone who told me they really wanted an apartment but unfortunately had to settle for a house instead but I know quite a few in the opposite situation, including one who moved interstate to make it happen, they wanted a house and were willing to move (from Sydney) to anywhere they could make it happen. They ended up in Brisbane.
 
Actually, we Qlders, tend to blame the whole issue on Sydney propagating the disease😉
It's definately a factor. Head costs have escalated drastically in recent decades as well. But yes, certainly in WA interstate money has pushed up prices.

.... I have a client who is a conveyancer for a large firm here who confirms this.
 
In every age group, the percentage of peolple owneing their own homes outright has decreased over the past twenty years.
However, the percentage of those in the 35-44 bracket who own their own homes outright has dropped the most.
At first glance this is disastrous, but there are multiple reasons why this may the be the case.
Firstly, it obviously takes a lot longer in working years to get a deposit to buy said house.
Secondly, people are partnering up/marrying much later, so a primary driver for owning a home has reduced.
Thirdly, more than a few are using equity in an existing home to buy other houses and units as an investment.
Fourthly, house prices as a percentage of income have increased.
What would be nice is if we could see what percentage of the loan is paid off for each group.
One might hope that the group in the 65+ have only a small percentage of their original loan left.
Mick
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Time to review the family home's exemption from Age Pension test​



and folks like this just help the trend

don't come crying to me .. there were experts PAID to get you here , ( AND they want pensioners to 'reverse mortgage the house ' to help them pay the other bills )
 

Time to review the family home's exemption from Age Pension test​



and folks like this just help the trend

don't come crying to me .. there were experts PAID to get you here , ( AND they want pensioners to 'reverse mortgage the house ' to help them pay the other bills )
I've said they would try and pull this off for a long time, but it was the Greens who were talking about forcing retirees to downsize after covid.

Instead of looking at why housing is so unaffordable and trying to fix that problem, they go to the low hanging fruit and the easiest way steal people's hard earned money so that they pass away bankrupt.

I've watched this unfold for a while, it's making families disassociate with their elderly members by making them move into areas where they lose all their social connections and then once they're isolated, the Govt jumps on their backs like a wild dog after their assets.

It's going to be more viable to end up in an Asian country with your money until it runs out and then come back and live off of the pension with nothing, at least you'll get some bang for your hard earned buck before you go out.

Hopefully, I go peacefully before this crap goes mainstream or I'll tell you all, I'll be belting anyone that comes within arm's reach of me with my cane walking stick. :D
 
I've said they would try and pull this off for a long time, but it was the Greens who were talking about forcing retirees to downsize after covid.

Instead of looking at why housing is so unaffordable and trying to fix that problem, they go to the low hanging fruit and the easiest way steal people's hard earned money so that they pass away bankrupt.

I've watched this unfold for a while, it's making families disassociate with their elderly members by making them move into areas where they lose all their social connections and then once they're isolated, the Govt jumps on their backs like a wild dog after their assets.

It's going to be more viable to end up in an Asian country with your money until it runs out and then come back and live off of the pension with nothing, at least you'll get some bang for your hard earned buck before you go out.

Hopefully, I go peacefully before this crap goes mainstream or I'll tell you all, I'll be belting anyone that comes within arm's reach of me with my cane walking stick. :D
will send you a tubular steel walking stick as a useful spare .. looks ugly but is unlikely to bend under unusual abuse
 
I've said they would try and pull this off for a long time, but it was the Greens who were talking about forcing retirees to downsize after covid.

Instead of looking at why housing is so unaffordable and trying to fix that problem, they go to the low hanging fruit and the easiest way steal people's hard earned money so that they pass away bankrupt.

I've watched this unfold for a while, it's making families disassociate with their elderly members by making them move into areas where they lose all their social connections and then once they're isolated, the Govt jumps on their backs like a wild dog after their assets.

It's going to be more viable to end up in an Asian country with your money until it runs out and then come back and live off of the pension with nothing, at least you'll get some bang for your hard earned buck before you go out.

Hopefully, I go peacefully before this crap goes mainstream or I'll tell you all, I'll be belting anyone that comes within arm's reach of me with my cane walking stick. :D

How else is the government going to pay for all the election vote buying promises?
 
FWIW
In the streets before our place, in a relatively cheap area, among the many new For Sale signs, yesterday was a new "for auction, mortgagee sale " or something of that nature foreclosure in the US.
Relatively uncommon in Qld.
A few hundred meters away a new SOLD sign, and nearer from us, 2 new For sale signs.in a street which has at most 20 houses.first for sale in the 2 y we have been there
To show you how cult like RE is in Australia ,even against my clearly stated opinion, my son is cruising the areas near the inlaws looking for his first house, while being in an under threat job, and paying a reasonable rental which is de facto subsidised by his landlord.
Banging head emoji would not be strong enough
 
FWIW
In the streets before our place, in a relatively cheap area, among the many new For Sale signs, yesterday was a new "for auction, mortgagee sale " or something of that nature foreclosure in the US.
Relatively uncommon in Qld.
A few hundred meters away a new SOLD sign, and nearer from us, 2 new For sale signs.in a street which has at most 20 houses.first for sale in the 2 y we have been there
To show you how cult like RE is in Australia ,even against my clearly stated opinion, my son is cruising the areas near the inlaws looking for his first house, while being in an under threat job, and paying a reasonable rental which is de facto subsidised by his landlord.
Banging head emoji would not be strong enough
My friend's parents used to own an old shack on the hill just off Hastings Street but they got rid of it about 20 years ago

You'll have to be hard pressed to find anything decent under a 1 mil in Brisbane these days, a mate's kid bought a cheap unit out Ipswich way, the first time someone jump over the fence and stole his car, the second time they tried a home invasion only to be met by a macheti wielding owner.

House prices around the Brisbane CBD are only going to get worse after the Olympics, it might push the outer suburbs up in certain areas too.

I think I need to find a deserted island off the east coast to get away from the hordes of zombies coming.
 
Are house prices about to take off again? As interest rates go down along with the share market.

LOL

trying to jaw-bone Albo through the election , if they were in any sort of hurry to cut the would have done so

four cuts implies 4x 0.25% cuts which are unlikely to move the needle much among most folks in debt , , and certainly won't inspire many investors to invest more than currently

to buy houses you need SOME income , the ALP are trying to float unrealized capital gains again , and so far they are saying the rich with super funds , but how long before that includes your stamp and coin collection , house , art collection ... , the ALP have always been spenda-holics they WILL need more tax income

so sure you might buy another house , but would it be in Australia
 
Read an article last night that mentioned with yesterday's market crash it has introduced a fear of investing in shares, which will benefit property investments with dollars coming out of the stock market and transferred into property development market.

And then this morning I receive this email - NDIS Fractional Property Investment opportunity

Could be a decent opportunity, but I'm already part way through a property investment project. Besides, I'm not a fan of the NDIS, even if I see people around me making good money from it.

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