AUS/POL/ Honeypot Edition II

Housing will dip, followed by bank shares. Bank shares constitute a large chunk of ASX 300, and most boomers have little foreign exposure, so their super will shrink accordingly.
Potentially a nice shitfest.

Right around the vic and soon the federal elections as well. Will be fun to watch

Got a job as a data entry officer for the queensland government hope I can stay working for the government after the contract it's comfy and the pay is decent.

This will be shtf no? And will this crash go international? Should I buy gold And how do we have left.....i agree it's going to get really nasty

>Socialist parties will gain confidence because "I lost my job"
>tfw another decade of terrible state governance

I truly hate this state.

I'll check it. Man this is gonna send Australia into a depression

Those jobs won't exist forever though. Are you training for something else?

Say hello to a few of my chinese friends, won't ya?

Will the house bubble crash lead to nation wide riots and lead to a without rule of law situation.

all states are like that take the ancap pill

It probably won't go international because Australia is a small part of the global economy.
The problem is gold is not a very liquid asset. And right now the Aussie dollar is not that strong so I'm not sure it's a good deal.

Maybe government bonds or cash so you can go shopping when stocks are on sale. Banks are to avoid, obviously, and the index as a whole too, since it's heavily weighted with banks.

I don't think it will hit as bad as anyone thinks.
It's going to hit a lot of chinks, real hard though.

Day to day life won't be much different, I doubt it'll be any worse than 2008-2009.
It's not going to get anyone into the housing market either. Worst case, wipe maybe 25% off the median price?
Do you still have 500k+ ready to go? Credit will be harder to come by.

My only hope is it hits all international students, visa workers and any other cunts that thought they could become a slum lord.
Apex/gang violence will riot though.

No this won't happen. We're still in a relatively strong position compared to other countries.

Greece had a virtually non-existent economy and huge government debts. But thanks to natural resources we have low government debt (one of the few still rated AAA by all major ratings agencies). And we have better financial institutions.
We might have a recession, but all countries have them every now and then, and we haven't had one in like 40 years.

I think Liberals have a real shot purely because of the crime we've been witnessing. Getting the vibe that people have just had enough of andrews and muh african youths did nothing wrong. Though, if Labor gets up then its truly over and I'm out of here anyway so it doesn't matter.

Thanks man I just feel uncomfortable with how people/ government are in so much debt. I was hoping for mad Max scenario at least for a few weeks

Gold coins wouldn't be bad I mean will our dollar become worth fuck all

Niggers will riot regardless of what happens. I doubt they read the Australian Financial Review.
For housing it will be great for anyone with cash, or good credit (e.g. a couple of government workers). Banks won't stop lending; rather they will try to improve the quality of their loan portfolios.

I haven't thought about it yet I only just landed the job I guess I should earn some certificates so I'm valuable and can move to other departments.

Get a real job faggot. Instead of working in an office like a fucking female

How are hapas treated in aussie society?
Do they face massive backlash from pure bred asians?

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I think you're overly paranoid. By international standards we're still doing very, very well. Compare all our economic metrics with Europe or even US.
Our net government debt is one of the lowest in the world, and the lowest of developed countries:
en.wikipedia.org/wiki/List_of_countries_by_public_debt

So in the worst case scenario, the Treasury will emit more bonds to recapitalise banks. But really it's not going to be horribly bad. In the case of Greece, an additional issue is that they did not control their currency (the ECB did). But what's going to happen here is that people will see their assets (house value, super) diminish.

Everyone who speculated on housing (the Chinese and millenials with 10 mortgages) will lose their shirt though.

ah-bloo-bloo

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FULL

WE'RE

Max Brenner are literal hardline zionists. A whopping % of their profits are sent back to Israel to fund Zionist activities.
They haven’t gone broke, they just found another way to fund missile purchasing

You might think you want it, but come day 1 you really won't. Be grateful it'll 99.5% never happen in this country.
Depends on what they do with interest rates and rates of lending. I don't think they'll be handing out that many loans.
It might be a good in if you have the backing to do it. But not for investment. I think we'll see stagnant prices for a long time following this.

I'm just trying to unload half my salable assets so I've got at least 500k liquid for if it does happen though. That and we're at peak market so I'm trying for top dollar.

>thinking Gold is a great investment
>not knowing what happened to the great gold rush in America

Sure, you may have more Gold, but what does it equate to? More Gold doesn't mean you're more wealthy, it just means you have more of a physical commodity that other people don't have.

What do you think lead up to the great depression?

HAPA women get absolutely railed by white guys here. Fuckin all my 20-25 mates have it bad.
HAPA men are ignored for the most part. The 2 I know are virgins at 23+

Banks will have issues with solvency (relatively speaking) not with liquidity. So they'll still have cash to lend (the Reserve bank will make sure of that), but they will want to improve their balance sheets, so they'll only lend to good goys with good credit and high deposits.

If you have 500k and a stable job you'll most likely be fine. Make sure you know real estate because I suspect people will be dumping a lot of crap built in the past 20 years with suspicious standards.

>Make sure you know real estate because I suspect people will be dumping a lot of crap built in the past 20 years with suspicious standards.

Solid advice.
Also don’t buy into stratas with body corporates and high foreign ownership.

We came out of the GFC relatively unscathed not because of good economic managment but because we were generally isolated from the major effects. There was an impact in australia but on a much smaller scale. The low end will take a hit as they always do.

The upcoming event might hit us a bit more but generally we will endure as long as the government doesn't fuck up and the banks follow proper protocol. I'm more concerned about oir exports than our financial position.

So it's basically a return to what should be standard lending practices and what would have avoided most of this situation.
That and limiting foreign investment in residential sectors (fuck it, commercial and corporate as well.)

I don't have any interest in buying at the dip, only riding it out which is why I'm moving what I can sell right now. The rest is tied up in future developments which might take a hit but land is king and I'm in a residential corridor.
I know people who've worked for a few big building companies. The workmanship is so bad, barely legal half the time. This was a good 5 years ago.
I hate to imagine what it's like now with chinese and indian labor.
Off the plan houses are some of the worst investments around. The only thing of real worth is the land.

you're not a real Australian if you don't have reproductions of their work in your lounge room

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>I suspect people will be dumping a lot of crap built in the past 20 years with suspicious standards
Anything built in the last 10 years is 100% guaranteed to not be worth the shit it's made of, I'd avoid buying it out right. The solid "rock" face that's the style for pretty much every modern house is there because it hides how poorly the house is made, but makes it look more solid than the double brick wog mansion next door.

Around 2007/2008 I caught a segment on Better Homes and Gardens (shit show) about how you can use some sort of polystyrene to build a facade for your house, modern houses are fucked in this country.

Lights Out.
youtube.com/watch?t=22&v=adap4rzlM2I