Australias Property Bubble Bursting

>year 2025
>Chainlink $1600 AUD per token
>Aussie real estate prices are in the absolute gutter because it turns out that when everyone under 30 is living off "unpaid internships" they can't afford your negatively geared shitboxes
>aus linkies going on massive shopping sprees of pimp inner city real estate and apocalypse refuges in the bsh

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TFW aussies realize the housing bubble has been artificially inflated by mass imports of migrants, all politicians have hefty property portfolios.

Im glad i secured a contract, have stacks of cash and still renting cheap,so many boomers and young idiot property buyers are about to be hit had, cant wait to buy at the bottom.

This. I've literally been saving for years and have a rock solid source of income to draw from, when this shit hits I'm gonna grab up a "500k" house in a prime spot for 300k.

300k. Kek. Enjoy Albury-Woodonga

Not really, more like a modern 4 bedroom near the city center.

Don't hold your breath

>he thinks Adelaide is a city
Crikey

haha no

you will need 5~7 Million for that

not for 300k, this dip in price really is only a correction that would last a couple of years
. youll be lucky to see anything lower than 30% its current value, which in the lowest ranges would still be around 550-800k.

During the US housing crash in 2008, prices dropped on average around 30%. take that as a reference.

Any of you lads know people who bought at the peak (basically all 2017)? I know a few.

One's already listed his house and asking $50k less than purchase. No such luck.

The other just had another kid and needs to upgrade. If he sells he's gonna lose about $300k. God

I havn't looked but I think this is possible for Perth

i know so many dumb cunts who used their parents money to buy overpriced new houses and go around acting like their hustlers. Their tenants are paying less than half their mortgage and they are in total denial after hearing on the news about the sudden 8% dip in Melbourne.

I know some guys who bought absolute shite in Perth and NQLD because they wanted to "get on the ladder". I have no idea what you do with that kinda shit, cause these are the types who can't afford expensive property because they have low incomes, so selling at a loss and losing/oweing 100k or more is devastating to them because they'll never save 100k in years.

Do you think you can stop or get your own board for this

kek user, generally the goys who bought more expensive places merely borrowed more money, they will also be losing more than they can save in years

Yeah the blokes in Syd/Melb I know would never be able to save what theyre gonna lose either. I think theyll be hitting up their parents. Basically losing their own inheritance early.

This.
It's also the reason it won't burst. They'll just keep importing hordes of shitskins to prop up the market, and nobody will do anything to stop them.

any brisfags looking for decent locations to set up a homestead?

Thinking of getting a piece somewhere around greenbank/maclean. It's far enough for land to be cheaper but close enough to supply fresh produce to local markets. There's also a trend for aged-care facilities to be more 'in touch' with nature so the land could be converted for that purpose ~15 years from now, among the farm

Those goys wouldn't be forced to sell, there's plenty of people with enough money to absorb it, people with the most money will just keep buying all the way down

this is my main concern and why i am not sure about cheering the collapse, i think we should be prepared to leave

Like I said the guys I know, one is already selling and the other just had a kid and needs to upgrade. They are literally forced to sell. Lots of boomers can sit pretty but people who have life changing events arent so lucky.

These are the ones I know about, there's loads of people who leveraged up on properties and kept it kinda quiet because they're not so retarded to brag about finance.

Another bloke I know bought at the peak, but he'll sit and wait. He had intended to flip it for profit. He's down about 300k already and it'll take a lot of recovery to get back to even.

Just remembered someone else bought in a shithole because it had "capital gains potential" and was rentvesting. It has fallen backwards obviously too and now hes got this mortgage for this shitbox in this shithole he hates. He listened to his boomer parents who told him to get on the ladder. Annoying but he'll be alright, just a shit investment.

It's the reason I'm leasing eternally. If my neighbourhood starts to turn brown, I just pack up and move to the next nice White area. Landlord is left holding the bag.

What does a recessin mean if I am already a neet?

Well it'll make it harder to get a job cause you'll have more unemployed competing with you. But there's a good chance they'll increase the amount of welfare payments because it helps stimulate spending etc. So depends whether you want a job or want autismbux.

If i can get a good adult job would be nice.

>laughs in Chinese

Can't wait for it to hit TAS and all the chick to get fucked up.

Enjoy your chinese scented bags boomers.

Tas is weird cause its got fuckall vacancies so rents/yields are good (for now) but you're gonna reach a point where the Tasmanians can't afford to buy their own homes, and they'll either leave or they'll vote for laws that favour Tasmanians (although I don't know how that'd work).

It's not like they're a rich economy, there can't be much more opportunity for rent increases, and wage growth won't happen, and the economy won't suddenly boom from tourism like its las vegas.

A bunch of young people in my shithole town bought houses for like 300k, not sure if this comment is relevant.