HomeBuilder could push house prices down

Discussion in 'Property Market Economics' started by Peter2013, 4th Jun, 2020.

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Will HomeBuilder push down house prices?

  1. Yes, it will add more supply at a time when there is no demand

    13 vote(s)
    27.7%

  2. No

    34 vote(s)
    72.3%
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  1. Fargo

    Fargo Well-Known Member

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    More of those builders that havent yet, might bugger off to Melbourne and Sydney chasing more money and the accute shortage of builders in regional areas will get worse Yippie !
     
    Fargo, 6th Jun, 2020
    #21
    momentum26 likes this.
  2. beachgurl

    beachgurl Well-Known Member

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    No, a KDR is deemed renovation. The existing property can be valued up to 1.5mil.
     
    beachgurl, 6th Jun, 2020
    #22
    Archaon and craigc like this.
  3. Owlet

    Owlet Well-Known Member

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    We could have fast tracked our knock down rebuild - oh but apparently we earn too much! I am sure if I shop around I will save 25k anyway.
     
    Owlet, 7th Jun, 2020
    #23
  4. euro73

    euro73 Well-Known Member Business Member

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    euro73, 7th Jun, 2020
    #24
    Kushanda likes this.
  5. Kushanda

    Kushanda Well-Known Member

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    Kushanda, 7th Jun, 2020
    #25
  6. D3xx

    D3xx Well-Known Member

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    D3xx, 7th Jun, 2020
    #26
  7. D3xx

    D3xx Well-Known Member

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    I can see the measures pushing down established prices in WA in the sub 500k market. 70k incentives to build is huge. Land prices may go up.
     
    D3xx, 7th Jun, 2020
    #27
  8. euro73

    euro73 Well-Known Member Business Member

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    you may have confused me for being the treasurer :)
     
    euro73, 7th Jun, 2020
    #28
    sumterrence and Niche like this.
  9. DueDiligence

    DueDiligence Well-Known Member

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    Trading up may be put off if ppl take the grant and extend their current PPOR to avoid transaction costs. This could put downward pressure on existing dwellings.
     
    DueDiligence, 9th Jun, 2020
    #29
  10. ollidrac nosaj

    ollidrac nosaj Well-Known Member

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    ollidrac nosaj, 16th Aug, 2020
    #30
    DueDiligence likes this.
  11. MissMel

    MissMel Well-Known Member

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    MissMel, 16th Aug, 2020
    #31
    ollidrac nosaj likes this.
  12. euro73

    euro73 Well-Known Member Business Member

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    It's been impossible to get any information on it from any of the state OSR's until @ 1-2 weeks ago... and there has been no process in place to apply for it until @ 1-2 weeks ago. All that has been available is the announcement itself (early June) and a treasury fact sheet that prompted more questions than it answered. Then 2 months of radio silence, basically. Shambles like much of what Scotty from marketing does, but may yet come good and be inundated with applications, now that states are signing up and getting things together to deliver it for the coalition . Like most things Covid related, until the various states step in and turn coalition talk into action, things don't really actually get done.
     
    euro73, 16th Aug, 2020
    #32
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