abc.net.au
>"Barring any major economic jolts, demand pressures are likely to continue over the next 40 years and supply constraints will continue," CEDA said.
>"This is particularly the case in capital cities with a growing population and where an increasing proportion of Australia's population are expected to reside."
House prices are gonna rise for another 40 years Ausbros. How does this make you feel?
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>muder rate increasing
>"gee golly why is this happening?"
>I wonder why is australia so racist
>implying we wont be a smoking atomic crater by then.
No
>highest house prices in the world
>lowest wage growth on record
>no automobile manufacturing
>no technology industry
I am leaving as soon as possible.
Fucking nuke Melbourne please. Bought a apartment for 650,000. 15 years ago my parents bought a house for 500,000.
Pollies want to have a city of 7 million by 2030. Fuck this shithole
>Barring any major economic jolts
yeah it's pretty fucked my work fucked me and took away night shifts. I could quit or go days and loose $150 a week. They used some bullshit about restructuring the company so nothing I could do because it was all legal. Currently looking for something better and but I can't find shit. It must suck for cunt's with no job
Like I'm going to contribute to the White Flight epidemic that will strike and ruin australia long before that 40's up
Learning polish as we speak
Same, destination: straight for the sun motherfucker.
bubble burst in Perth
You aussies must be off your rocker thinking that China won't play to this. Fast forward a few years, if the Chinese manage to get a sizeable group to enter politics, and work for interests that 'just so happen' to be in Chinas interest, and the white population fight back, politically, all it would take is one stupid fuck to ignite the whole thing, take a swing at a chink, and the media in China would plaster it all over China, and China could then step in to 'protect' their people from 'rabid nationalists'.
>>no automobile manufacturing
>>no technology industry
Shipped out to China?
that's because the bubble in Perth was because of the mining boom. Now the jobs are drying up in mining so people are selling off their houses since they can't pay the loan without a job
Whats going to happen exactly when in three to four decades time there is this huge aged homeless population (made worse by renter's rights being so shitty here) with property being owned by a wealthy few?
honestly if I ever became homeless and it looked like it was going to be permanent I would break into a rich jews house and kill them
>mfw the Chinese are treating Aussies like dumb Africans, but instead of farmland, they're appropriating central business districts, and beach-front condos.
>mfw Aussies are as hapless as niggers when it comes to protecting their land.
Get your shit together or you deserve to be the "poor white trash of Asia" - Lee Kuan Yew
I am from Sydney, I left when I was 18 to the UK and then lived in various places. this was over a decade ago.
I feel like the only real option is move to a regional town or never move home.
Lel, house prices in my area have gone from 350k to 600k in 5 years.
>if the Chinese manage to get a sizeable group to enter politics
Both Labor and Liberals are under the thumb of the Chinese. The so called Nationals are only in it to sell it to China.
Treason everywhere.
Some people I know are going to inherit so much because their house is now worth 7-10 million in the Eastern Suburbs and Mosman areas of sydney...
Not that they were cheap before but to go from 1-2 million to 10 million is crazy.
>it's going to be bullish for the next half century Goys!
*sells you their investment portfolio*
>oh no the bubble popped, that sucks!
to where?
Are you really thinking of Poland? that's what i'm thinking but I don't know
Looking at rural land few outside my capital. Work fifo. Slowly get out of the matrix
USA
>made worse by renter's rights being so shitty here
God, they are. The agents are always fucking cunts too. I remember when they gave me a notice for inspection saying that they were going to inspect between 9 and 11, and showed up at 10:55 after I'd already locked the doors as I was sick and wanted to go back to bed.
The fucking cunt used her key to unlock the door, spent 30 seconds undoing the chain, walked to MY BEDROOM WITHOUT SAYING ANYTHING, and damn near got herself shot opening my bedroom door to "notify me of the real estate's rights". Of course she acted like she was the victim.
Fucking cunts.
>move to a regional town
Where are you gonna work? Youth unemployment is very high outside of the cities.
New Zealand seems pretty affordable lol, aside from Auckland/ Wellington especially down the south island but that'l be over due to chinks soon too.
I need to flee I hate what the boomers have done to this country I hate them soo fucking much.
I am lucky in the sense I don't need to be anywhere in particular to do my job
>why haven't you bought a house and settled down with a nice girl yet user?
When I heard places like Bankstown were having houses selling for 1mil i was so fucking shocked
Thats the way to go if your want to escape all the shit in the city.
You'll still find youth crime and meth though, unfortunately. However, you can get by a lot better since you can get to know all the locals and get to know who the trouble makers are.
>t. countryfag
Yes this is actually a massive problem. The best option is to move to a small place orbiting a larger regional town, get a cheap fuel efficient car, and drive to work in the larger town.
Cause my job is fucking min wage and all the girls have fucked niggers
The places I was thinking were Toowomba, Armidale and Ballarat
But I gotta go on a road trip once I get home
But there's still plenty of affordable options. This unit for example is only half a million dollars per bedroom.
You can't afford it? Then get a a no-interest loan and then another to buy another unit once the unrealised capital gain on your first unit goes up. That's the Australian way, you wouldn't want to waste your money on rent would you? Only retards waste money on rent, smart people pay 30,000 dollars in interest per annum on a loan they will never pay off.
Like Hitler did nothing wrong.
>Gonna keep going for 40 years
Sounds legit
>inherit so much because their house is now worth 7-10 million i
If they sell the house they'll be homeless unless they buy another overpriced house and even if they downgrade the stamp duties will probably cancel out the profit.
10 mil,
come on mate
unemployment is high for everyone under 30 no matter what the boomers have destroyed this country.
Umm... if your house is worth 7 fucking million dollars, you can sell it and live pretty much anywhere in the world like a king for the rest of your life....
Americans are lucky that there are cities where you can buy like a really decent house for quater of mil and an average house for much less in small cities large towns.
My plan is to work like a slave and save bulk cash and then purchase a home I can self support on.
Offgrid power rainwater/spearpump water. Grow food & small amount of cattle. Gun license.
Either that or move to Poland with my riches
Straya living in UK temporarily.
Australia Cracks Down On Foreign Real Estate Buyers As "Ghost Towers" Increasingly Outrage Locals
>The idea of taking prime real estate out of the housing supply and leaving it vacant has become a focus of anger as homelessness has risen and hundreds of people have been camping in the rough out outside places like the Reserve Bank of Australia.
>"it's just absurd" said Tony Keenan, chief executive officer of affordability advocacy group Launch Housing, referring to the fact that Australia’s long period of uninterrupted growth should have ensured homes for everyone instead of "record levels of homeless and massive construction with empty properties at the end.
We laugh at China for having ghost cities, but we literally have ghost towers in Sydney and Melbourne. Towers where people could live and be working, reducing commuting times. Instead, Chinese just sit on them, don't rent them out, don't sell them, just hold them for the capital gain.
Where about are you user. Looking somewhere coastal near Adelaide. Have Mrs society has nothing I'm interested in.
pies in the sky are tasty but they don't fill you up
>27 y/o Anglo/Irish south aussie
>wasting away at uni doing humanities degree
>can't afford house
>can barely afford to keep car on the road
>unemployed
>can't find job
>check local businesses - all nepotistic, run by indians, chinks, wogs etc
>decide to get a gf but all white chicks are vain, social media focused husks and so end up being a race traitor
>still live at home with parents
>zero purpose in live other than shit posting on /pol
It's all so tiresome.
Australia Mortgage Market Is Now A $1.7 Trillion "House Of Cards"
“The use of unrealised capital gain (equity) of one property to secure financing to purchase another property in Australia is extreme,” the report says.
“This approach allows lenders to report the cross-collateral security of one property which is then used as collateral against the total loan size to purchase another property. This approach substitutes as a cash deposit.
The thing about Sydney is doesn't seem to belong in the most expensive city's in the world.
NYC- LONDON Cultural and financial capitals of the world...
HK-- SINGAPORE tax havens HK literally borders china..
Sydney just doesn't seem to belong in this leauge
>australia will exist in 40 years
But we have chinks and they ruin everything with their Monopoly Mao money.
Feels fucking great, 29, own 4 places. Hopefully have my 5th by next year.
Free world at work, continually make it so people that can't strive can never afford and lock them into the rental market for life.
why not just ban anyone who is not australian from owning australian property
I feel you but
>wasting away at uni doing humanities degree
that is your fault and your fault only.
I hate this country so much the boomer have scrwed us all over, they have ensured we'll have stabile careers, they have ensured we'll hagve homes and they have ensured we'll ensure have GFs.
They are the most destructive generation that has ever been produced they have fucked over three+ generations
>they have ensured we'll never have GFs.
well look at you
Yep.
Look at these poor innocent Australians you're harming by curbing foreign investment!
abc.net.au
Its pretty easy to get PR/Citizenship, the percentage figures for CHinese buyers in fact masks the true numbers since new citizens are not counted.
Come on north korea start a fucking war already
This shit happens even where I live, in an outer suburb of Adelaide. There are just swathes and swathes of empty houses that aren't for sale all over the place. Great, big empty blocks of units and beach front properties that aren't even used as holiday homes. The only young people I see moving in to homes are the monstrously rich, monstrously stupid, or Chinese. Actually, I have seen a massive rise in young Chinese couples spreading out into the suburbs.
It's just so tiring to be Australian, and nobody seems to care. I am either angry all the time, or depressed all the time. Fuck yeah, the gays can get married! We'll never own our own homes and unemployment is on the rise, but FUCK YES! Steve and Bruce can dick each other, marriage certificate in hand! Revolution!
I lived in Armidale for 6 years. Its absolutely beautiful, the weather is perfect, and local atmosphere is chill, but its been consistently turning to shit this past decade. Its becoming mini Melbourne. Cuck and lefty central due to the university. "refugees welcome" and socialist rallies. Immigrants everywhere.
Crime is getting out of hand, literally one of the highest rates in NSW last I checked about 2 years ago. Blacks are going around causing trouble and being a nuisance at every opportunity, robbing people in broad daylight, carrying on like apes in the middle of woolies. Meth and druggos are everywhere.
Finally, there are no jobs because they're all given to students and immigrants. Unless you already have work sorted, you'll have a hard time getting employment anywhere.
If none of that is a concern though, then pick Armidale because it really is a damn beautiful joint.
Besides that, been to Toowoomba once. It seemed nice.
JUST LOOK
>How does this make you feel?
It makes me feel, American.
Who else here looking to get a US green card?
>tfw at work the other day at coworkers talking about houses
>I mention you can get a 2 story, 3 bedroom, 2 bathroom, twin garage, 1 acre property for around 80k USD in Texas, why the fuck would anyone buy in Sydney
>first question a female coworker asks is
>yeah but how much does it appreciate
For fucks sake. And no she wasn't white. Some sort of arabic ethnic mix. She then admitted that she and her husband go around buying up "dumps" and selling them at marked up prices 3+ years down the line.
This entire market is just speculating and money making. How the fuck is anyone actually supposed to live when speculators have taken over housing.
I don't understand the desire to grow the population to 30-40 million to who knows what.
What is the ideology supporting rapid population growth...
By the way i've been away from Australia a decade so I don't know everything that is being said in the media.
errr, can't you just introduce a property tax so the people with 50 houses would no long be able to keep them, singapore also has pretty good policies regarding filpping properites
HOW ABOUT YOU JUST LET US BUY THE ENTIRE CBD?
Gooks already own everything else here
The boomers think they are economic geniuses.
YOU ARE JUST SELLING THE PLACE TO THE CHINCE AND INDIANS INSTEAD OF YOUR WHITE OFFSPRING.
They will crash 2018
I spent time in Oz and couldn't believe how many Chinese are living in the cities and driving up real estate prices.
I could never figure out why Aussies continue putting up with that. The older generation knows their kids will never be able to afford a home. It's pretty damn shameful to allow that situation to go on indefinitely.
if foreigners buy such houses for 1,8 mln then anglos are the biggest jews.
Walking into Adelaide CBD is like being in China, no joke.
Except that Jews have some sense of racial unity
High Immigration is helping to mask GDP figures. A few countries are doing this desu but not to the extent that australia does it.
I work full-time (40 hours per week) and can't even afford to move out of the bedroom in my parent's house.
The worst part is how much they knock the millennial. Fair enough making the money off house's. But you've shipped off the jobs. Housing unaffordable and you brought your first home on an apprentice wage bravo
>the numbers go up forever you stupid soyim! Just buy the dip!
In the USA you could have property, multiple vehicles, farm equipment, and a 2nd property with 20 years of middle class work.
IT TAKES 5-10 YEARS OF MIDDLE CLASS WORK TO GET A FUCKING HOUSE DEPOSIT HERE!!!!!!!!!!!!!!!!!!!
You can accomplish in 5 years in the USA what would take 20 years here!!!!!!!!!!
Tell me about it mate. Every second sign is in Chinese and we've got a god damn Bank of China HQ just outside Rundle Mall.
anglos have class unity - lords fuck peasants in the ass
what is the price of 0.1hectars in australia near big city for private construction?
>Rosebery
Fuck I used to have to pass through their all the time a few years back when I was attending uni
None of the houses there are worth over a million. The fact they are asking almost 2 million for those houses is insane.
They are just average suburban houses from the 90's or something, literally nothing special about that. Should be worth like 100k max.
This. I was able to save 20 grand this year. Wow, 20 grand, that's a lot of money right? In ten years I have the deposit on a loan I'll never be able to pay off.
I hate that fucking building so much.
its true
No shit. Except we are run by traitor boomers who don't give a flying fuck about this eventuality because they will be dead when the Chinese are 30% of the population and Australia is a fucking vassal state.
Hmmm maybe the government could do something about unoccupied foreign ownership?
That's where I'm planning on going as well.
>what is the price of 0.1hectars in australia near big city for private construction?
More than a years worth of tithes and the combined tax and wages of every village combined.
I actually lived in HK for a while and went into China for work.. Knew a couple of rich cunts. This one guy bought an apartment in Shenzhen to store his clothes he couldn't fit in his other and Chinese cunts just buying a property off a pampflet. Crazy
This affects Australia on a macro level as well. All that money tied up in mortgages that could be invested elsewhere, new businesses etc.
I read somewhere that 62% of Americans have less than 1000$ savings in the bank account though
What kinda work you do m8?
Australia doesn't need industries or to do anything productive. Everybody can just get rent from their investment properties and flip houses for capital gains. It's so easy, everyone can do it. Nobody ever needs to work again.
Except for everyone priced out from the initial investment. This is a boomer and gen x game. We millennials are getting fucked.
In fact from personal experience, gen x faggots are really big on house flipping. Fucking faggot gen x landlords everywhere owning multiple houses.
then how middle class autralians enlarge their capital?
what is the average speed of growth of ammount of assets of middle class australians (only real assets like land, business, long lasting houses (brick, reinforced concrete, oak etc) and flats in city) per year? 5% or more?
it looks like your have boomerbubble that will collapse. such bubbles already started to collapse across the world. market shows that many things lile bommer shit have zero value and you cant enrich by obtaining them on proposed price.
Pretty sure this is setting the end date for the white genocide project. Meaning that in 40 years, Australia will become majority-Asian, and only then immigration will stop due to lack of living space.