FOMO and IP for PPoR

Discussion in 'Property Market Economics' started by 380, 21st Jun, 2015.

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  1. albanga

    albanga Well-Known Member

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    19th Jun, 2015
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    2,701
    Location:
    Melbourne
    Few years of pain is being very nice.
    Those that purchased at peak in Melbourne/Sydney are already down 10-15% and falling.
    If/When Labour get in I’m expecting a further 5-10% then followed by growth of around 1-2% per year for a minimum 5-10 years.
    So it might take 10 years alone to just break even on the purchase price.
     
    MyPropertyPro likes this.
  2. sash

    sash Well-Known Member

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    Sydney
    Mate....I going to be a robber barron...when rents jack up....the builders will close up shop....so you might see yields of 7-8% on property...these could only be found in the late 80s and early 90s...I reckon they will have to make adjustments...there just won't be enough property to house people! Unless they drop immigration by 80%...from 200k to 40k....it won't help even if they dropped it 20%. Australia is still growing by 310k natural births....and 155k deaths. So still growing net of 155k plus another 200k immigrants. ...and this did not include people on temporary visas....
     
    wilso8948 likes this.