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

9 years under Liberals and housing only got more unaffordable.....

First 2367 Last

Share
Profile

Follow
ciroc

1,519 Posts.

217

04/07/23

10:37

Post #: 68605349
Share

Originally posted by Joannie: ↑

My, possibly incorrect prediction, is from what I follow is.
There is a sudden rush of sales from property investors, particularly ones who have invested in the last two years.

Then, even if there is an interest rate pause tomorrow, I think many owners, as above will be forced to sell.
They will be unable to refinance at better rates as they will have little, if any equity.

Rents will go through the roof, all this nonsense from the Green Party has unsettled investors and the government are way behind the ball, to build, taxpayer funded housing.

Who is likely to be buying? Think about this. Perhaps some Chinese, who have sons and daughters at Uni.
Buyers may come out of the woodwork, when prices are in the basement.

The Greens are communists, they are clueless and will be to blame for an avalanche of homeless people.
I have no particular political leanings, left or right, but it does not look good for tenants for quite some time.

Expand

9 years under Liberals and housing only got more unaffordable.. Young people will start voting greens as a protest vote as both major parties aren’t listening to them.
11 Upvote

Reply

There are more pages in this discussion • 78 more messages in this thread...

First 2367 Last