>The nation’s largest super fund, the $140 billion AustralianSuper, has revealed fears of a potential property market plunge, unveiling a contingency plan and warning members it will “freeze” property funds for up to two years in the event of a crisis.
>AustralianSuper from mid-November will prevent members from investing more than 70 per cent of their savings in its property portfolio option, to which investors have flocked in recent years chasing high returns.
>The fund has also changed its rules, giving it the right to freeze any attempts at withdrawing savings from the $1.7bn property option, prohibit the switching of funds out of the option, and stopping any new contributions into the option for a period of up to two years “in exceptional circumstances in response to a market stress event”.
Checked I think being short the Aussie is an astute move. Re shorting the banks - tough to time it right, but, obviously a huge upside if you can. I'd add shorting both Genworth and QBE (the mortgage re-insurers). That may prove more asymmetrically rewarding. So much relies on timing
Elijah Lee
Between that and Australian govt wanting backdoors into all privacy tech (guarantee further economic stagnation and further loss of good quality jobs), it's legit time to leave. Fuck this place.
Nicholas Garcia
You stupid Aussies got raped by Miners. If Australia is so reliant on mining royalties then why did you faggots let them get away with very low taxes?
>implying we have any say in what the chinks do to our beloved country
Angel Wood
holy fuck that auction was so awkward hahaha Approx 14:50
Andrew Perry
perths housing market has been ruined for a long time. if i could get a job over there id probably do it in a heart beat
Luis Murphy
Buy btc. Even if it doesn't move in price you still make money against the falling aud
Carter Baker
I worked on a project at NAB that did exactly this. Same project that restricted lending to new apartments. The banks have known for a while that this was coming, but it won’t be Armageddon.
Nathaniel Lee
100% this. Gina got rich, so did Andrew Forrest. No one else. >time to seize the means of production
Tyler Diaz
>tfw unironically support the nationalisation of our resource industry
Carson Cruz
DONT LET THIS MOTHERFUCKING THREAD DIE AUSBROS
Isaac Ramirez
i think the Australian property market is fine. there are only a few good locations int he entirety of Australia fit to live. in the long term having a nice place with a good view in a centralized neighborhood will pay off.
Jackson Ramirez
Melbourne and Sydney will be fine, maybe slight weekend dippo
Gabriel Allen
Beward the new bail-in regulations Ausbros
Carson Jackson
I will kill Rupert Murdoch and Gina Rinehart
Ryder Diaz
They say dippo there? Are australians faggos?
Levi Jones
>Are australians faggos?
Are you just now learning this? Lurk more.
Easton Harris
Gough Whitlam wanted to do it in the 70s but it seemed a bit expensive and the plan fell through
Austin Diaz
ITT: new home owners or real estate agents saying it's fine bro..
LULLLLLLLL
Austin Bell
t.poorfag
Connor Phillips
melbourne is going to run out of water in 12 years or something lol, it will become a ghost town
Aiden Brooks
bet you bought bitcoin at 20k
tardy tardy buys all time high tardy tardy starts to cry market falls and houses crash tardy tardy left with trash
Chads like me enter the market at the right time.
Lincoln Lewis
uh, i mined my bitcoin back in 2013. stay mad though.
GMA is already cheap however. Better to just short the banks & REA etc. Long SGP for when labor gets in, thank me later ;)
Anthony Walker
thats why you should buy land and we arent in a bubble, faggots
Xavier Jackson
Good thing my super goes back into infrastructure and not the property market.
Scoop up what you can from the bottom.
Sydney gets 100k new residents each year and that number is growing rapidly. 40k or less dwellings built a year, no one wants to live on the outskirts. Dont ever expect to be buying property in the city for less than 1m bro.
Hunter Mitchell
hey dudeskis can i discuss how long the banks have been shoring up for? got an email address?
William Gonzalez
How do I, as an american, buy property in australia after the housing collapse? If I can not how do I buy property in canada?
Buy the listed property groups (SGP, MGR, DXS, AOG). Literally 10 years of 40+% returns if you gear conservatively and sell whenever the PE gets too high or need to rebalance with the trend. AOG is the best buy currently, I hold ~40k worth in AUD.
David Brooks
Literally me. Got 50k and waiting. I was told capitulation will be in april next year
Parker Jenkins
Every fuck from Syndey still wants to move there and fuck it all up so probably not much, most likely stagnate
Jace Cook
perth is such a fucking shithole jesus christ. the housing market there is so fucked
Dominic Rogers
t. Real Estate shills
William Hernandez
Switch to USD like the rest of us
Lucas Morgan
When the economy & markets crash every sydney-sider will be selling their holiday houses in Byron Bay, I highly doubt it's immune
Gabriel Cook
Perth is fuckin comfy tho unless you live in the North of it
Oliver Flores
Being too early is as bad as being too late so be careful
Blake Richardson
Locked out? Lolol
Jonathan Sanchez
keep the thread going goys
Tyler Williams
I'd pay a premium to live away from the east coast too desu
Ethan Brooks
jeez m8 when did you buy into AOG? looks like its been getting JUSTed for the last few years
Leo Martin
Got out of Melbourne 6 years ago. Best thing ive ever done. Place will go the way of san franshitsco in 10 years trust me.
Perth is comfy as. Good engineering jobs, decent house prices, best weather in the country by FAR, and fuck all SJWs.
Jose Lopez
how do I survive? t. Uni student in Perth with most of my savings in Crypto
Logan Cooper
>Good engineering jobs >had an interview at woodside last year >got to the final interview stage (they flew me over and put me up for the night) >tfw fucked it up
