As we all know it's getting more and more expensive to buy a house, and the rate of growth currently associated with investing in a house is just phenomenal, and obviously too good to not be a bubble. We all know that. However, WHEN will this bubble pop?
More and more houses are being built but the demand for it just continues to go up. And many houses are bought and just left to sit there, not even rented out, fueling the problem further because investors just want a safe and profitable investment.
What do you think the governments can do to avoid this? Put a limit on houses per person? Your opinions?
More and more houses are being built but the demand for it just continues to go up. And many houses are bought and just left to sit there, not even rented out, fueling the problem further because investors just want a safe and profitable investment.
What do you think the governments can do to avoid this? Put a limit on houses per person? Your opinions?
G,day magneto, I live in Sydney and I know what you mean more than anyone. I bought a property in Yr 2000 for $230,000 and sold it in 2008 for $460,000, believe it or not I regret selling. Its impossible to get back into the market. I am waiting for either litecoin to go to $300AUD
or BTC to go to $10,000AUD 
and I'll be able to afford a house outright. Currently I live as far away from the city as possible and have a 2 hour commute to work (each way). sheesh!!Regarding your Question about the housing bubble, I cannot see it bursting in my city or Melbourne due to the fkd up governments not releasing land. There is better news for QLD, WA and ADL as housing becomes more realistic. People have been saying for decades about the bubble bursting and it hasn't and wont happen. It will take a major crisis one of which hasnt been seen in the last 50yrs.