The market is tanking big time. The economy is absolutely stuffed. How you cannot see this is beyond me. Over priced property is propped up by 1 massive ponzi. This will just be the next bubble to pop.
Houses like living in jail side by side demanding all this cash that brings in no money is not investing. It is essential living a roof over the head. It is a market created out of nothing - but pure greed.
500k for Perth absolute tiny boxes on 60k average salary - how can anyone pay for this. How? Absolute ridiculous. Anyone doing this must really love working and paying off the bank.
I am referring to the average aussie here, saving a deposit, having a family etc. Just absolutely unsustainable to the max./ The government has let it get to this - is a disgrace. 250k for land/ land for god sake. 15 years of mortgage repayments for land.
Wow take a hike. Not for me thanks. the majority of residential housing is a sell. karratha 10 years ago for sure. Today karratha, in the burbs. No kindly
