moopere
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Post by moopere on Nov 13, 2022 16:28:02 GMT 10
I think the question which has been hinted at is this: Australia is a _HUGE_ land mass with almost no people on it and resources of all types abound. My sister built a brand new house on the absolute outer limits of one of the big capital cities a few years ago. Its a project house, being stock off the plan, not a 'McMansion', but its contemporary, so not tiny. 3 bed + study + 2xWC, the normal stuff. circa 400K for the land and another (close to) 400K to build the house.
I'm staggered.
Coming from PER you wouldn't spend half that in a similar situation (most outer of suburbs). I mean you can spend whatever you like, but for a very bog standard off the plan place with a strip of suburban land, 300-400K would definitely do it. My place which I've lived in for over 10 years now didn't cost anything like even that.
But even at 400K for house and land, again, project home, small suburban block - whats going on? Where is the bulk of that money actually going? Building companies are going broke left and right - so though its easy to blame them for being 'greedy' one wonders ... is a good solid chunk just disappearing in taxes and compliance costs?
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bug
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Post by bug on Nov 13, 2022 16:33:05 GMT 10
Real estate prices are set by what someone is willing to pay for it. Currently the main source of that is immigration. The floodgates have opened again this year and most settle in Brisbane, Sydney and Melbourne. Prices in those cities won't be dropping any time soon. The rest of Australia's housing market seems to get dragged along by people leaving those cities.
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Post by Stealth on Nov 16, 2022 9:05:18 GMT 10
Yep. Agreed. Buyers certainly aren't setting the prices at the moment. It's easy to say "Well, just don't buy then!" but when your rent is equal to 2-3 times what a mortgage repayment would be, what's the option? Continue to get gouged by the rental market (which is also out of your control) or pay less per month on a mortgage but pay far more for a house than is reasonable?
Not much of a choice really.
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frostbite
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Post by frostbite on Nov 16, 2022 11:39:41 GMT 10
I'm back in the real estate market at the moment, after a 7 year absence. Looking for a 4th property, about an acre of clear, level vacant land in the Illawarra or close surrounds. Well I was until I realised all the media hype about falling property values is all lies for the sheep. I can't find anything for anywhere near my budget of $1mil. Even if I look at dumps like Nowra. Property prices are strong. Back to the drawing board.
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malewithatail
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Location: Northern Rivers NSW
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Post by malewithatail on Nov 16, 2022 16:23:28 GMT 10
Came from the Illawarra, got out 20 years ago, and no wish to go back. Its a dead end as far as escape is concerned, and from a preppers view, you would be trapped between the sea and mountains. Add a tsunami, nearly 500,000 people and your dead meat.
Life...the brief interlude between nothingness and eternity.
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Post by spinifex on Nov 20, 2022 22:54:45 GMT 10
My 9m X 6m shed with 2 windows, 1 glass sliding door only cost $15k, and over half of that was for the slab. Concrete pricing is nuts. Why is it so? It used to be cheap as in the 80's and 90's. Everyone was concreting everything in siight. At some point its cost went nuts.
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bug
Senior Member
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Post by bug on Nov 21, 2022 7:41:56 GMT 10
Closing down of concrete plants is probably a part of it. Combine that with a debt fuelled infrastructure spending spree and you've got a real supply/demand issue there.
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malewithatail
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Location: Northern Rivers NSW
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Post by malewithatail on Nov 21, 2022 8:50:53 GMT 10
The greenies have attacked concrete plants as pollution with CO2, so they cant meet emission standards and have to close, sending the price soaring. Expect more, especially when they start to attack the meat industry, even beekeepers are not exempt from this silly CO2 crap.
The World exists due to CO2, trees and vegetation need it to grow, more CO2 means more vegetation, exactly what the Greenies want. Cant understand their views as they are illogical.
Mediocrity is self inflicted, Genius is self bestowed.
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frostbite
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Post by frostbite on Nov 21, 2022 11:18:39 GMT 10
Modern greenies are mainly unemployed, disaffected people who are looking for a cause to give some meaning to their pathetic lives, but are too stupid to see that their cause has been hijacked by the elites to implement the new world agenda.
I reckon the old school Greenies who fought to save the Franklin would be disgusted with the modern day idiots throwing things on priceless paintings.
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