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Brexit implications for Australia property

Discussion in 'General Property Chat' started by big max, 25th Jun, 2016.

  1. big max

    big max Well-Known Member

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    My thoughts are overall it's positive.

    A stronger AUD post Brexit will increase the likelihood of the ARB lowering interest rates.

    Secondly some foreign buyers who might have considered UK might now be deterred and look elsewhere.
     
  2. datto

    datto Well-Known Member

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    Hope those foreign buyers start looking around the Druitt.
     
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  3. Bayview

    Bayview Well-Known Member

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    Sadly for you and I Datto; the foreign buyers only look at in demand "leafy" and cool suburbs close to really terrific schools and everything else (as a general rule)....thus cutting out the FHB's who want to buy there too. :(;)
     
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  4. hammer

    hammer Well-Known Member

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    Haven't state governments made it harder for foreigners to buy property?
     
  5. HUGH72

    HUGH72 Well-Known Member

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    Are we going for a record with the most threads about the same subject?:p

    I think the sports section needs a Brexit thread..
     
  6. JDP1

    JDP1 Well-Known Member

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    No..im just waiting for the oppty to turn the brexit threads into hype brisbane threads.:p:D
     
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  7. HUGH72

    HUGH72 Well-Known Member

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    Go for it..;)
    Probably more a positive for Sydney than anywere else.
     
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  8. big max

    big max Well-Known Member

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    Yes in Melbourne and Sydney. Not so much in Queensland.
     
  9. Graeme

    Graeme Well-Known Member

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    The chatter in the UK press is that foreign buyers, particularly the Chinese, are pulling out of deals to buy property in London. In that case, funds are likely to be deployed to other markets.
     
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  10. Omnidragon

    Omnidragon Well-Known Member

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    Early days all depends. Overall feeling is buyers will be cautious post Brexit, the peak should be behind us. Glad I sold some Aus properties but still hold too many for my liking.
     
  11. Graeme

    Graeme Well-Known Member

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  12. big max

    big max Well-Known Member

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    I'm typically a contrarian. So a big drop in currency and in confidence perks up my buying interest. Having said that I think we might even get more bargains in the uk as this all unravels. I wouldn't be buying now.
     
  13. Ted Varrick

    Ted Varrick Well-Known Member

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  14. datto

    datto Well-Known Member

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    wow over a million bucks for house on Carlisle Ave (the Hollywood Boulevarde of the Druitt).

    Buyers must be getting really desperate lol.

    If house prices around Bidwill hit that price I can retire.
     
  15. dabbler

    dabbler Well-Known Member

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    The brickie must have been expensive on that house in the main shot.....what a craftsman :)

    There is one I drive past on the inner west, must have had the same guys build it, hard on the eyes no matter how many times you see it.
     
  16. Bayview

    Bayview Well-Known Member

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    Of course; the real Hollywood Boulevard is a shocker....maybe you mean Mulhollland Drive.
     
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  17. datto

    datto Well-Known Member

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    So is Carlisle Ave lol.






    Apologies to anyone with an IP on Carlisle. I'm only joking.