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Australia property bust looming, page-118

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malik1982

45 Posts.

26/05/17

01:30

Post #: 24921114
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Originally posted by Fal ↑

HI Everyone
I am returning to Australia shortly and want to live in Sydney.
I see on one hand a booming property market with negative gearing, capital gains rebate, low interest rates
High economic imergration and high imergration numbers overall and a shortage of housing. On the other hand
I see increased household debt, low to no wage growth, higher unemployment, threat of fed rate hikes, threat of
Lower cooperate tax in US, and a bunch of pollies you wouldn't feed!
Should I 1. Rent and wait. 2. Buy modestly and wait with the rest of the cash 3. Just bugger it and buy What I want
And have less cash later and get a part pension
IMO
Thanks for advice
Cheers

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I would say rent as rents are 2-3% of the value of the property at the moment. Were is 4-5 years ago it was 5-6% value of the house.
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