QUOTE(hksgmy @ Mar 5 2024, 01:05 AM)
True bro, house prices are back on an upward trend again. I’m lucky we got in decades ago…
I don't think they going to come down anytime soon, because:
1) The rich migrants are propping up the price
2) Not enough construction of new housing
3) Even want to do (2), many housing developers in Australia, faced bankruptcy after MCO.
4) Big 5 cities super saturated, no place
5) Australia too reliant on Service, banking, mining, education and farming.
6) Australia may be big country, but 2/3 is desert, still the 1/3 is the size of Ukraine.
7) Australia match migrant to skilled jobs needed, fail.
8) Not enough political view n steps to bring down price.
9) Not enough investments in term of building of factories, new businesses to Australia.