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I thought the Perth area was doing well, page-422

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Joannie

11,344 Posts.

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17/04/22

11:40

Post #: 60886176
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Originally posted by GreatWA: ↑

Merely quoting 'The West'. But, picture is mixed.

House prices have become absurd, reinforced by wholly inappropriate Federal tax policies and State Stamp Duties.
Anticipated interest rate rises will cripple some, particularly in a low wage rise setting.
Prospects of climate damage and un-insurability becoming a factor.
Growing sense of entitlement of multiple ownership landlords.
Legislation so favourable to landlords it reflects unchanged Penal Colony attitudes to property.
Commuting costs.
No migration and low birth rate likely to lower demand.
Suburbs near Unis and Business Parks likely to do well.
Suburbs with achieving State or Catholic schools doing well.
Airport suburbs popular with FIFOs.
Location of stations and bus routes influential.
Post code snobbery?

Own view, absurdly artificial emphasis on unproductive housing 'investment' while Australia urgently needs capital for productive investment.
The world needs our metals and commodities, we need to apply capital and political will to supply these and gain the skills and wealth creating capacities that should accompany them.

The growth prospects are there, we can achieve a high civilisation for Australians via NDIS, aged care, education, climate change, gender equality etc., etc.

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I am not a keen debater, but some of what you have posted has little to do with real estate.
It sounds more like the musings of a "woke" person.

I cannot see what gender equality has to do with this thread.
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I thought the Perth area was doing well, page-422

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