Average house price over $1 mill now in NSW

Discussion in 'Property Market Economics' started by Gockie, 18th Jun, 2021.

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  1. Scott No Mates

    Scott No Mates Well-Known Member

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    Possibly a few factors kicking in - good commodity prices, breaking of the drought in some places, good year for crops (barring mice plagues), reasonably strong AUD, low interest rates, WFH & better connectivity. Who knows - could also be cyclical and things turn to pot in 12 months for another 10 years.
     
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  2. Sackie

    Sackie Well-Known Member

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    If someone can't manage $5, there's little chance they'll be able to manage $100. It won't take long to flow away.
     
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  3. Piston_Broke

    Piston_Broke Well-Known Member

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    Well the stats are showing that millenials are easier targets than boomers for fraud these days.
    A just because the teacher teaches, don't mean the students learn.

    [​IMG]
     
  4. Piston_Broke

    Piston_Broke Well-Known Member

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    And here it is, right on queue... I must be clairovoyant

    adc32.png
     
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  5. spludgey

    spludgey Well-Known Member

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    I'm not sure if there's ever been a better time to make money. There will be lots of people with lots of money, but no idea how to manage it, as boomers start dying.
    Not great for the country and terrible for those that'll squander their inheritance, but I feel there will be lots of opportunities to make money for those of us that are patient and have a plan.


    Extremely disappointing how low the willingness to pay is! I would have answered $20k/year, if I could have!
     
  6. Piston_Broke

    Piston_Broke Well-Known Member

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    Well 20k is a good start to save the planet. But I'm afraid it will only contribute to a 0.01 degree decrease in ocean temperature when 1.5 degress is needed.
    Nevertheless every bit helps so please send the funds immediately to the Piston Broke Climate Fund. Time is running out, we need your help.
     
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  7. spludgey

    spludgey Well-Known Member

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    You just need to get it from everyone. I'm sure that $150,000,000,000,000/year would make a little bit of a difference!
     
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