Australian Property Bubble: 6. Lease is More!

De-leveraging in action!

Category:

Nonprofits & Activism

Tags:

• unemployment
• recession
• retail
• economy
• housing crash
• affordability
• sydney
• Real estate
• Home loan
• Melbourne
• banks
• RBA
• interest rates
• credit card
• property
• real estate
• property market
• renting
• real-estate
• realestate
• property bubble
• apartment
• unit
• residential
• first home buyer
• de-leveraging
• Australia
• house and land

[murdamcloud]

Nice work. I like how Das puts it in terms that are easy to understand for everyone. The oil in the car is about to run (pretty much) dry...credit crunch=business losses=job losses=less spending=less loans=lower house prices/sales=less business= repeat. Not necessarily in that order though. I keep telling everyone who asks me to not buy a house now and try to explain in terms of global credit lines and how they are being squeezed. The price of money will at some point reverse, regardless.

[AussiePropertyBubble]

@murdamcloud thanks, yeah Das is a prophet. I think the sqeeze is on for the mortgage belt; Nth and Sth Wst Melb in particular. Also new investment units like those shown in this crows nest vid. I was in zetland at midday sunday last weekend and the coffee shop there was E-M-P-T-Y, i could see the pain of the managers face it was terrible. Also Double bay & Mosman have SIGNIFICANT retail vacancies (look them up on realcommercial com au) these are the 1st and 4th richest postcodes in NSW.. WTF?!

[AussiePropertyBubble]

See related SMH news article "Job axe falls hardest on rich suburbs" for relevant media report on the suburbs in this video.

[obsesschess]

Well done on this video series. The graph work was impressive. I have been telling people for at least 2 years that housing is probably 40 - 50% over valued here in Aus. How that guy could say that 400K for a 1 bedroom unit was a good option for a FHB and keep a straight face, I'll never know

[AussiePropertyBubble]

@obsesschess Ha! Cheers yeah its insane how easy it just rolls off the tongue, but when the markets hot its a 'mere 400K'.. Its all relative isnt it.. i was at a dinner the other night and was sat next to none other than Jessica Irvine (SMH) and i got my rant on RE property. She was like 'yeah but people are persevering, paying it down etc..' I have to shake my head.. how is radical self induced austerity a good thing? For people soon to start a family?!..Good recession training i suppose!

[mysupermaltese]

I stick to this rule, Real estates will be no good if no private sector jobs. So if you wish to see where the trend going,pay attention to the signs. Good luck everyone, make good decisions for yourself.

[trimmer2823]

I have a laugh to myself everyone time I hear someone say it's a great time to buy .

[samlau121]

its only starting too