As Sydney’s boom ends, other locations step up :)

its amazing the difference a good state government made in NSW . the previous Labor government were pathetic , but O'Farrell and Baird have just gone and got things done , so the basket case of four years ago is now the prime mover ...

Q'land needs a state government getting it's act together and a lift from the WTO removing subsidies .

Cliff

 

I don't know about a good state Govn in Qld, we certainly now have a high spending one which seems to be improving confidence and PS wages.
Whether spending money they don't have is sustainable is another question.

 

Half or Rocky is for rent or for sale. Not often is it Buyers and Renters market at same time? Some regular duplexes in decent areas under $250 pw are taking 2-3 months to fill. They start at $250 per week (the rent that worked a year or 2 ago) and get reduced close to $200.

Real Estate & Property For Rent with 2 bedrooms between $0 and $250 in Frenchville, QLD 4701 (Page 1) - realestate.com.au

 

Yep , sounds like things haven't changed since we started buying elsewhere.

Too early , even for me .

Cliff

 

QLD Labor government went to the election saying they will not sell assets, which has limited their ability to reduce debt / spend more. Also there is the unfortunate position that just as many new gas / coal projects have come online, which they have waited many years for, prices are at significant lows. In the medium to longer term as resource prices recover (somewhat) then this should flow through to the state coffers and the rest of the state economy. Maybe similar to WA right now too.

NSW is in a better position in the short-term because they instead have sold assets to pay down debt, and have plenty of stamp duty gains.

The next battle will be any GST rises and how that flows through to the states. That will be one for the next Federal Election.

 

Terry Ryder is the suppository of all wisdom.

 

I would say there would be some impact. Eg younger people like students will share a newer unit rather than an old rental house but a 2 bed 2 Bath unit in a complex isn't the same as a house. Eg an aussie family isn't going to so much go for a unit. In bne people still like space.

 

Over the course of the next generation, houses will become increasingly rare close to the city. Not everyone wants to live in a unit, most of us still aspire to a house. There is no end to apartment supply, but houses will become endangered.