Also other countries are doing the similar thing.My son is...

  1. 2,858 Posts.
    Also other countries are doing the similar thing.
    My son is living in Switzerland, where house prices are substantially higher than in Australia.
    To solve housing crisis , you pay 10% deposit over there and other 10% from your pension fund and you can take mortgage for 50 years + on fixed interest rate, you are basically renting. No flipping and short term speculations with properties. First 5 years you will pay very high capital gain tax....
 
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(20min delay)
Last
$69.45
Change
-0.760(1.08%)
Mkt cap ! $13.50B
Open High Low Value Volume
$69.44 $69.89 $69.05 $6.675M 96.29K

Buyers (Bids)

No. Vol. Price($)
7 52 $69.44
 

Sellers (Offers)

Price($) Vol. No.
$69.47 96 8
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