Iron ore price, page-36862

I hear ya loud and clear Smug, my sentiments echo yours.
I am in the industry and do these calculations every single day.
With average wages stagnant or declining in real terms affordability will hit the housing market at some point, in addition to the lower immigration or state migration numbers.

I've got a place in Collingwood I have been looking to knock down rebuild. I'm lucky if I get 2% pa on the rental. capital gains have been okish but tapering as people leave Melb in droves. building costs are crazy!

I've got a flat in East Melb fhat gives me a great total return, it's done exceptionally well. And given the exclusivity likely to continue.

If you own the land outright, purchased it a longtime ago cheaply. Or are a builder who can do the work then developing can make sense.

I'm a bit over real estate, at the moment it's a place to live and we have a comfortable place. I'm not showy like many my Xavier mates. They are all tied up in massive debt or their folks brought if for them. lucky them, but not the ones pinned down by giant unaffordable debts. That is repellent and a road to difficult times.

I sell debt, but am very careful when I take it on board, preferring to self fund things and repay debt fast.

anyway good night!