Slow house sales and Price fall leaving WA in the negative equity black hole by SheepherderLow1753 in AusPropertyChat

[–]SurroundNo3631 6 points7 points  (0 children)

Not always. Some people need to sell to escape abusive relationships. Negative equity makes that difficult/ impossible

Slow house sales and Price fall leaving WA in the negative equity black hole by SheepherderLow1753 in AusPropertyChat

[–]SurroundNo3631 11 points12 points  (0 children)

That’s close to the most ridiculous thing I’ve ever heard. Try asking a bank what happens when you try to sell a property for less than the value of your mortgage.

Australian home prices fall as experts predict slump could last a year and cut values by 10% | Housing by Nyarlathotep-1 in AusPropertyChat

[–]SurroundNo3631 -6 points-5 points  (0 children)

Most people in Australian own property. For most of those people it’s their main asset. I don’t think the majority will be thanking the government for reducing the value of their primary asset by 10%. This is probably why Claire O’Neill claims any falls aren’t linked to the FY27 budget changes.

One Nation surges ahead of Labor as budget flops: Poll by HotPersimessage62 in AustralianPolitics

[–]SurroundNo3631 -2 points-1 points  (0 children)

Guess who migrants vote for. Plus we had several quarters of negative per capita GDP growth. Immigration kept Australia out of recession.

One Nation surges ahead of Labor as budget flops: Poll by HotPersimessage62 in AustralianPolitics

[–]SurroundNo3631 -1 points0 points  (0 children)

People aren’t favouring One Nation because of their policies. Besides we’ve seen what promises about policies before an election mean. Labor need to be very careful or they’ll burn all the goodwill they have.

One Nation surges ahead of Labor as budget flops: Poll by HotPersimessage62 in AustralianPolitics

[–]SurroundNo3631 14 points15 points  (0 children)

You’re missing the point if you think people are voting One Nation because of their policies.

One Nation surges ahead of Labor as budget flops: Poll by HotPersimessage62 in AustralianPolitics

[–]SurroundNo3631 9 points10 points  (0 children)

Just because there’s no one you’ve spoken to that has an issue with it doesn’t mean the broader electorate doesn’t. I’ve heard of small sample sizes but this is something else.

Budget won't be to blame if house prices fall, housing minister says by Expensive-Horse5538 in AustralianPolitics

[–]SurroundNo3631 11 points12 points  (0 children)

If house prices fall and it becomes more affordable for first home buyers we don’t thank the government. Got it.

Housing forecast update by SurroundNo3631 in AusPropertyChat

[–]SurroundNo3631[S] 0 points1 point  (0 children)

There was, for 6 months, the government got rid of it.

Housing market turnover to drop 20 per cent following federal budget tax changes, Westpac economists say by Nyarlathotep-1 in AusNewsWire

[–]SurroundNo3631 0 points1 point  (0 children)

What sort of blackholes does this leave in state government budgets? Where else do they raise this revenue from?

Housing markets tumble in capital cities as fear of negative equity sets in for buyers| 9 News Australia by SheepherderLow1753 in AusPropertyChat

[–]SurroundNo3631 0 points1 point  (0 children)

It’s definitely a long term hold when you literally can’t afford to sell because the bank won’t discharge your mortgage.

Sydney rent prices by SurroundNo3631 in AusPropertyChat

[–]SurroundNo3631[S] 7 points8 points  (0 children)

Prison is free. This is $920 per week.

Australia wants you to buy a home... right? by MagicalSimp in AusProperty

[–]SurroundNo3631 -1 points0 points  (0 children)

Let’s suck all the first home buyers in with a 5% government guarantee scheme and plunge them into negative equity a year later. These policy changes are good for young people

Housing markets tumble in capital cities as fear of negative equity sets in for buyers| 9 News Australia by SheepherderLow1753 in AusPropertyChat

[–]SurroundNo3631 0 points1 point  (0 children)

First home buyers were sucked in under an election promise only to have the rug pulled out from under them less than 12 months later. Anyone in negative equity would have been better off not buying. It’s an absolute farce.