I own a house and I want it to crash, that or the Government tells me what the long term plan for housing affordability is, so my kid whos 2 has a chance to buy when she is in her 30's without deathriding me and my equity.
The entire problem with housing is its looked at and regulated adhoc as a short term investment opportunity. It should be planned out for the next 30, 40 years. if the clear issue is that interest rates provide such an up and down then regulate it by other means to provide more stability. This sh*t isn't rocket science. But i guess when ministers etc are the ones who own all these investment properties why would they.
I'd argue your home is the best investment you can ever make.
Where you live is your own decision, what you do, where you spend your money are factors that make housing affordability beyond control by Government.
Dick Smith made a few comments recently about levels of migration that drive the economy in the larger population centres:
Plan for two million migrant surge blasted as ‘crazy’ by Dick Smith
Aussie entrepreneur Dick Smith has labelled a plan to bring in two million more migrants post-Covid as “crazy”.
Bold call for two million migrants
NSW Premier Dominic Perrottet says he “believes in a big NSW”, after a leaked proposal to bring in two million more migrants to rebuild Australia post-Covid was lashed as “crazy” by entrepreneur Dick Smith.
www.news.com.au
Where immigration goes will effect housing prices for those in their 30s every bit as much as it always has.
The recent agreement between Toll & the TWU, will result in an increased cost of labour, much of which will not be reflected in take home pay, in the same way Super has reduced take home pay.
Revised Toll agreement in the offing, TWU claims | News
An in-principle agreement between Toll Group and the Transport Workers’ Union (TWU) will see job security protections and an industry-first 15% superannuation offer put to national union delegates on Friday, the union reports.
www.ownerdriver.com.au