So the Australian real estate market is broken as shit, massive artificial bubble created by socialism (government heavily limits land available for development, and creates artificial supply and demand) and homes in Aus are currently worth like a billion dollerydoos, obviously this isnt gonna last very long, so lets have a discussion on how long we think this market will last before crashing, and how best to capitalise on it
>who owns real estate in 2018
I do, you crypto peasant
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>be me
>own some properties
>crypto holder
Pretty sure your the peasant here.
let me feel like a big man :(
Bump
You’re fucked
Here’s what’s gonna happen next
>trump will continue trade war on China
>Chinese economy starts to tank and their stock market too(currently happening)
>margin calls for all the gambling Chinese “investors” there are a lot
>start to need cash from other places and investors begin to pull out from over inflated housing markets
All you people in Australia, Canada, New Zealand; England and all other socialist shitholes will suffer housing market crashes worse than 08.
I moved to freedomland to buy before the boom, im very comfy right now, my house is already worth 20% more than when I bought it, I have a cashpile saved and just want to reinvest in aus once shit circles the blender and splatters over everything
housing crash is plain as day, I just want to figure out when it hits, though probably after turnbull gets kicked out, since he's a property mogul
go outside of the major cities and property is affordable
it's not just the chinks. it's the banks giving loans to anyone and Normies thinking they are on the house TV show or whatever giving their shit hole a lick of paint and immediately valuing it at 40% higher because muh property investment
>government heavily limits land available for development,
At least you still have plenty of land
Only australians could think this, im in the states right now and buying a home here is easy as piss, 5 digit numbers, you can do that in europe too, but in australia you're lucky to get that in a dead mining town in the middle of arsefuck nowhere
Nice idea OP, but people have been saying this for years. The fact of the matter is that with immigration and population growth in our capitals there will always be a strong demand for housing. I agree the market is completely overinflated, which is why I’m moving to a regional city and building a new home for half what you’d pay in a capital and my commute will be similar anyway. If you have money in apartments I’d bail out now as these will drop in value (already are) but houses on actual blocks of land will plateau.
I know it’s a stretch but look at New York as an example. There’ll always be enough rich fags to buy up the real estate in capital cities.