2% or 3% interest rate?you prop bulls have no idea what so ever. CPI is now 5% if you want to drop interest rates below that watch the AUD plumet more, buying a USD might be like buying a GBP today... how much will that cost the banks in their USD debts
warnie, $180K total cost to buy a house? $220 to sell it? i expected much more from you than that..
as i mentioned before, you could build a massive 5 bedroom house, with double living, double lounge, massive kitchen, laudnry the size of a bedroom, double garage, 3 bedrooms for $100K in 1999
its only 9 years later and they want $400K to build the same house? do you honestly eblive the material costs to build a house has gone up 4x ?
the cost in building a house is over paid labour costs, and fat profit margins.. cost of building a house new can come down a lot.
land is free, it costs nothing, its just released, and then trades at current auction prices.
property could fall 60% for a house and land package (not saying it will, but it could).
housing in the US is at a 1:3 ratio, some places have fallen more and are at or below building cost.
Australia is 1:7 ratio.. all that room to move, yes warnie a 40% fall would just impact the profit margin, not costs.
if you disagree warnie, wy does it cost sooooooo much more to build a house in Australia than it does in America? do they buy their wood and concrete and plasterboard cheaper than us?
reall whats in a house? concrete slab, wood, plasterboard, bricks, tiles.. $180K worth? lol - not in your wildest dreams.
