Housing Woes in Australia

Yes, even Australia banks are having a hard time dumping overpriced homes onto the market. Why buy now when you could wait a year or so and buy %20-%30 cheaper, which is already On top of the already reduced price (%20-%40)of course lending standards will be tighter as well as increased deposit ratio). There will be no turnaround next year-anyone that tells you so is merely gulping the purple Kool-Aid while they move their capital out of shaky institutions, leaving you with the bag
Enjoy!
Enjoy!

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[bphillimore]

WE ALL KNOW ITS GONNA CRASH....

[sighbaru]

Housing is the highest in the world in the lucky country full of land pimps, greedy guttersnipe land sharks and parasites on those who are the savers of the world.What comes round goes round as can be seen in the USA and elsewhere. Aussies are the smartest people on the planet it cant happen here can it?All we have to do is flood Australia with more newbies and she'll be right mate.Google in Florida land boom and bust and start learning thats if you can!

[MrAntiFarLeft]

@aerowayne4 mate it will probably drop lower soon....there is a global s

shit storm coming and Australia will not be spared this time.

[aerowayne4]

@MrAntiFarLeft You DOLLAR IS STARTING TO drop again, I think it will be even with the American dollar very soon.

[MrAntiFarLeft]

Boycott property...fuck the greedy auctioneers.

Lets teach those geedy snakes a hard lesson.

[IndomitableMan]

DON'T BUY HOUSES!!! FORCE THEM TO DROP THE PRICES!!!

[tomjenmaj]

The prices will either remain the same for years or drop. Our home income has to catch up in proportion

[tomjenmaj]

Its a joke about house shortages. The government want high prices so they get more tax benefits. the higher they are the more money they make. They will drop alot . Get ready for it . it has to happen. If they don't drop inflation and interest rate rises will get us anyway. And that means unemployment which means houses losses anyway. Banks such as commonwealth will tell you otherwise because 50% of the company is invested in property.

[tomjenmaj]

Its a joke about house shortages. The government want high prices so they get more tax benefits. the higher they are the more money they make. They will drop alot . Get ready for it . it has to happen. If they don't drop inflation will get us anyway. And that means unemployment which means houses losses anyway. Banks such as commonwealth will tell you otherwise because 50% of the company is invested in property.

[67675656565655656565]

@Valkyriepure it has destroyed this country people are already suffering people having to have dual incomes to just to survive and still struggling, being in huge ammounts of debt, being more reliant on centrelink, kids leaving home alot later.Then on top of that we have this ageing population who have the gall to whinge about not getting enough pensions when it was there fucking fault were in this mess. This country really has gone to shit and housing market needs to crash.

[Valkyriepure]

@67675656565655656565 You are totally correct. This type of total selfish greed is destroying this country and EVERYONE will suffer.

[67675656565655656565]

Overseas/australian investors fuck off you leaches.