Australia's largest stock trading and investment forum Australia's #1 stock forum

Lab Housing Policy and Negative Gearing, page-105

First 105 Last

Share
Profile

Follow
Tarvold

21,358 Posts.

1237

30/01/24

14:02

Post #: 72134978
Share

You can't blame the increase in inflation & interest rates entirely on Morrison either.
The two biggest increases to inflation were global, supply chain disruptions due to COVID & the war in Ukraine.
Morrison policies did fuel inflation but that was only a small part of the story.

Originally posted by Scott th Ratbag: ↑

I'll argue that covid should have resulted in the almost cessation of buying/selling homes. the RE industry would have gone quiet and so house prices should have fallen. but Morrison kept hitting the buttons with a hammer.

you're quite right that housing prices are multi-factorial..... including the shortage of rentals was caused by a range of factors, including some foreign owners leaving their Aussie homes locked up in care and management by RE companies, or even simply neglected. but foreign investors weren't the entire problem.

certainly covid shared houses were abandoned during lockdowns. and who could blame them. I once shared a house with 5 others upstairs and 3 more people downstairs. such crowding has been rife with unconscionable investors.

what really pushed up rental rates though was the rising interest rates. causing landlords to increase their rentals due to cost or repayment.

Expand
1 Upvote

Reply

Top Stories

PR1

Fourfold skarn increase points the way to viable garnet project, says Pure

Earnings wrap Monday Week 34: A2 Milk, Bluescope, Suncorp's climate woes & more

NOX

Noxopharm aims for autoimmune market with first human trial of SOF-SKN

Good habits matters when it comes to finances

SMI

Gold intercept of 8.6 g/t continues the positive storyline for Santana at NZ's RAS deposit

There are more pages in this discussion • 27 more messages in this thread...

First 105 Last