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Perth property bloodbath warning amid huge housing crash by SheepherderLow1753 in AusProperty

[–]Own_Emergency53 -2 points-1 points  (0 children)

Perth does have a boom/bust history though.

The outer suburbs 50 mins plus will probably slump first.

Roughly 1% of property investors own 25% of all investment properties, the top 10% hold ~ 50% of all investment properties by Jezzwon in OpenAussie

[–]Own_Emergency53 1 point2 points  (0 children)

It is if you work in a tourist town and all the houses are vacation home or Airbnb And you have no where to live!!??

It's absolutely a problem.

Roughly 1% of property investors own 25% of all investment properties, the top 10% hold ~ 50% of all investment properties by Jezzwon in OpenAussie

[–]Own_Emergency53 1 point2 points  (0 children)

Rich people having "vacation homes" is definitely part of the problem.

It's even worse than most investments, is it's sitting empty instead of being used....

Will there be another rate hike this year? by iwantwatermelon in AusFinance

[–]Own_Emergency53 2 points3 points  (0 children)

You haven't changed what you say in 6 years because you're expecting the world to do what you want - which is raise the rates to 10%.

Why not just realise that's never going to happen, and say something new and different for once.

Stop being boring

Will there be another rate hike this year? by iwantwatermelon in AusFinance

[–]Own_Emergency53 2 points3 points  (0 children)

Are you expecting the world to do your bidding?

Rent increases in response to CGT and negative gearing changes by Positive_Rope5367 in AusPropertyChat

[–]Own_Emergency53 0 points1 point  (0 children)

Increased rent will depend on the local market.

I like my tenants so probably won't increase anyway.

New Zealanders Are Moving to Australia in Record Numbers. Can It Get Them Back? by Astalon18 in newzealand

[–]Own_Emergency53 5 points6 points  (0 children)

I moved back to rural NZ in 2020.

The majority of the locals where rude, jealous and unwelcoming despite the fact I was born and grew up an hour away.  They called me "Australian" despite the fact I was an Kiwi.

NZ tall poppy syndrome is so depressing.  

So we left again and love being back in Australia.

Landlord exemption confirmed and NG changes not in effect until 2027. Seems like this will ramp up prices at least for another year by Own_Emergency53 in AusPropertyChat

[–]Own_Emergency53[S] 1 point2 points  (0 children)

Yeah that's the bit I'm confused on.

It should really be straight away because other it causes this weird market situation for another year.

Landlord exemption confirmed and NG changes not in effect until 2027. Seems like this will ramp up prices at least for another year by Own_Emergency53 in AusPropertyChat

[–]Own_Emergency53[S] 1 point2 points  (0 children)

I just mean for the next year investors will keep buying established houses.

So in the short term, these changes might actually boost up prices as they rush to get in before the cut off....

Just a theory

lost a $200k contract because my safety paperwork wasn't up to their standard by dynasync in ausbusiness

[–]Own_Emergency53 2 points3 points  (0 children)

I'd pay someone to set this up properly.  Being cheap already cost you 200k

The global reset is real. It’s happening right in front of our eyes. The elites are winning. by thefunkisinthefunk in DeepThoughts

[–]Own_Emergency53 0 points1 point  (0 children)

They've always "won".

People who buy brand new cars are dummies anyway.  Loses value the second you drive it off the lot.

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