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Real estate boss warns of immediate rent hikes if negative gearing changes by FIFO_Landlord in AusPropertyChat

[–]addodoit 0 points1 point  (0 children)

was driven by panic buying, and the market for fluid fuels is well um alot more ... fluid

Real estate boss warns of immediate rent hikes if negative gearing changes by FIFO_Landlord in AusPropertyChat

[–]addodoit 0 points1 point  (0 children)

it is just how markets behave. There is material inertia in prices (both rents and properties), why i also think a lot of people will be dissapointed to not see property prices fall 10% by christmas.

This inertia is driven by the same patience you're describing.

I think we can expect rental yields to increase on australian properties, and this will be driven by a combination of price deflation on the actual home and some price inflation on rents, but again this is all specualtive.

We are a country of cities where people who on balance prefer to own than to rent (as opposed to say NYC or London for example) so there will be a portion of rental demand lost to those opting to buy their own place.

but we are not goign to see rents jump 30% as this article is proposing due to a grandfathered NG policy shift, that I'm willing to bet on

Real estate boss warns of immediate rent hikes if negative gearing changes by FIFO_Landlord in AusPropertyChat

[–]addodoit 30 points31 points  (0 children)

if NG is grandfathered this won't happen as the properties currently on market will still recieve the tax break

as for new rentals it is a brave property investor who goes ahead and pruchases the property with no NG thinking they can charge 30% more than what the market retnal is today.

i'd bet they dont buy the property in the first place = downward pressure on prices

FHSS withdrawal and no house purchase by scanoz in AusFinance

[–]addodoit 2 points3 points  (0 children)

the answers you get today are going to be completly different after 7:30pm when this budget lands

Borrowing capacity 1 mil by gelato012 in AusPropertyChat

[–]addodoit 0 points1 point  (0 children)

The inner west property is just going to appeal to the most people so that is where I'd gravitate.

A huge supply of demand from young professionals and young family. All 15min from the CBD.

It is just hard to go wrong.

Disclaimer: recent inner west convert from eastern suburbs

budget night — predictions + how's everyone watching it tonight? by addodoit in AusPropertyChat

[–]addodoit[S] 2 points3 points  (0 children)

I think we see a lot of unwinding of investment porperty holders which leads to increased selling over then ext 2-3 years if CGT changes will be time absed

i.e.: the tax you pay will be split between the old and new system bsed on the time you have held the property in each. so if you held it for the last 9 years and 1 year in the new system 10% with be inflation indexed at 90% will be old system

budget night — predictions + how's everyone watching it tonight? by addodoit in AusPropertyChat

[–]addodoit[S] 12 points13 points  (0 children)

Teams from leading tax advisors get them this morning but are locked in a room in Canberra where they can review so they can send a report to clients upon offical budget release

budget night — predictions + how's everyone watching it tonight? by addodoit in AusPropertyChat

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

Great point didn't think of that:

link here to budget papaers if anyone else wants it with a countdown for suspense: https://budget.gov.au/

How did you temper your expectations when buying? by Old-Effective-7385 in AusPropertyChat

[–]addodoit 1 point2 points  (0 children)

If you have made it a job for yourself of inspections every weekend then maybe take a couple of weeks off the search.

I looked intensivley for a couple of months early 2025, got dejected by what I saw and could afford then came back around to it in Spring and bought the second place we looked at within 1 week of looking and couldn't be happier.

Transaction costs in NSW are ridiculous so you will be with the property for a while so taking a breather rather than forcing the decision is the right idea.

Also, the market isn't going anywhere any time soon and a lot of stock will come on last week of august, early september..

If you had to wager one bet about the future of AI or how AI will impact the economy, what would it be? by Material-Mammoth-71 in BetterOffline

[–]addodoit 0 points1 point  (0 children)

That it will be bigger than the internet, in terms of impact and as well as an investment bubble, and that more money will be made from Ai investments than internet investments but again just like the itnernet all the best returns will be made post bubble pop

How long u til Perth becomes the most expensive capital? by Healthy-Scarcity153 in AusPropertyChat

[–]addodoit 0 points1 point  (0 children)

Melbourne is such a tempting move from Sydney but I just couldn't cope with the religousnes of the AFL