Melb Economy…. Predictions again

What will happen to property market when they come out of lockdown…. If??

With 50% on the dole…. How will a property boom be sustainable????

Yet my gut tells me we will continue to see record prices??? In particular….East, inner city

thoughts

 

I am observing Balwyn and Doncaster. I feel it was hotter prior to the new stamp duty regulation over $2mill were introduced. After that properties are sold but not at crazy prices.

I reckon bayside, Mornington Peninsula and Geelong region would still be the best performer.

 

I thought 50% increase in number of people receiving the dole.

 

Melbourne will be ok.....though like Sydney a lot of smaller businesses will go under.

In 2 years...all the people who went to Qld will realize that not enough jobs and Brissie /GC/SC are costly and move back. Happens every cycle....

 

No idea

They killed lots of industries in Melb, wont be recovering over night.

 

No different in Sydney town.....lots of for lease signs....

I also think that....that it can't get any worse for Sydney and Melbourne as they bore the brunt of COVID.

My fear is whether....Perth...Brisbane...Adelaide cope..if they have heaps of COVID patients...their Vax rates are not that great....either..seems like they have a lot of Tin Foil hats....I would have thought they would have hit over 75-80% for first vax..an vax....and maybe 58-60% for seconds..not there yet. It looks like they will open in Nov at the rate they are going...

 

If it comes to anything, us of course. Some stupid questioning from the usual suspects at a recent press conference, implying that (assuming they can be identified) the individual(s) responsible should be paying out of their own pocket(s). Question for the journos concerned: if you write something that is found to be libellous, who will be paying the damages: you or your employer?

 

Or they will move OS where they can live for a lot less and have more freedoms and options.
No other cycle has people locked in a 5km radius and not allowed out for more than an hour.
Those working from home can work from anywhere and the digital nomad lifestyle is growing exponentially in popularity.
My guess is as soon as the border opens there will likely be a mass exodus.

 

Yes particularly NSW and vic

 

MELBOURNE property is like our Premier, Teflon.

And that’s been my first post in 12 months...haha

 

Large vax rates might not be even required

 

Hmmm...... look at conspiracy theories much?

 

Have you watched a video?
It’s 2 hours
Both are vax experts and one is mRNA technology inventor

 

Welcome back
What happened?? Needed a break

 

Yea, spot on. People don't realise this until they try to change jobs. Job market is not in the scale between Brisie and Syd/Mel. Have a quick search in Seek and LinkedIn you will know. Just use number of jobs for the same sort of work/population. I'm only meaning office jobs. Tradies and small businesses would be different. 40,000 net migrants inflow is nothing comparing to 3millions population gap. This don't just change in 10 years...

 

Yep anyone who is looking to buy in brisbane would want to get it done asap...there is going to be another big spike once the borders open on top of the current craziness!

 

Why buy in Qld at all?
There are many places much cheaper, same lifetsyle also with authoritarian governments that give people more freedoms.
They may be better off in Vanuatu

 

When unemployment is at 5% how come 50% are on dole. (Zero has no value)

If you are on Dole, you should be concentrating on getting a job first. not buying real estate in premium locations.

Melbourne will do just fine. and this boom will continue for another 2 - 3 years.

 

Anti Chinese fatigue has set in… I think the Indians will come in their place when the migration flood gate is wide opened. Unlike the Chinese, most Indians are not well off, will most probably settle in North and West. And the successful ones will move East/Southeast in the future.

 

Its more than 5% as per Alan Kohler