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18 year property cycle, page-75

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pintohoo

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75

02/01/22

21:09

Post #: 58608722
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Originally posted by kingpins ↑

Hi Pinto

Sunshine Coast about $400 for small older type house if you can find one and I was talking to an agent the other day and I asked how rentals were going and she said that owners have given instructions to put rent up by $50 per week when leases due
But this is caused by property prices leaping up
A beach area 3 br unit sold about 3 months ago at $540k on 5th floor of a nice block, and another sold last week in 4th floor same building at $900k
House prices are the dearest in the world with no end in site
There are about 100 000 people living rough in Australia every night and with covid it is getting worse.
And they call it a rich country.
Tassie has gone crazy as well due to people shifting there as it has been so cheap by comparison to the rest of Australia forcing prices up
Unless you have capital to draw on or extra income all you can afford is one room for accommodation in Australia

Trailer parks are becoming popular

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yep -- and most people don't know the difference between homeless and living rough - quite different terms

Oz is well on the slide from what I see and hear

tragic
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