Housing Boom - few winners

Discussion in 'Australia Photography' started by Marc, Apr 11, 2004.

  1. Marc

    Marc Guest

    There are few people who have benefited from the recent housing boom. Mums
    and dads who's family home has doubled in price may think they are better
    off, but...

    1. When they want to 'upgrade' houses, they will find that the house they
    want to buy has also doubled in price, so they don't benefit.
    2. Because mums and dads houses have doubled in price, they pay more in
    council rates, water rates, etc...
    3. First home buyers are now burdened with larger mortgages. The 'Australian
    dream' for these people is further away.

    The people to gain are people in the property industry - developers, real
    estate people, etc. Of course, the government gains with massive stamp
    duties, land tax, etc.

    The mums and dads have not gained.

    The first home buyers for the next 15(?) years are the losers.

    I blame the government for this. They introduced a 14k first home owners
    grant at a time when interest rates were so low. Of course this was going to
    cause a massive housing boom. They then reduce this first home owners grant
    at a time when first home owners need it the most.

    The government has failed us again, this time, it is Howard. Give us a
    break, Howard.
    Marc, Apr 11, 2004
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  2. Marc

    Wolf 359 Guest

    As much as I think little of John Howard nothing of what you said has
    anything to do with him. It is simply supply and demand economics. The
    saddest thing about politics in this country is that the politicians believe
    that their decisions have any control over our economy. The Australian
    public also believes this. For example Gough Whitlam would have had a much
    more stable govenrment if OPEC had not initiated an oil crisis.

    Why are you blaming the government for your housing problems? I would bet
    that your home is four bedroom and possibly two bathroom and you furnished
    it immediately on credit. Why don't you ask your parents how big their first
    home was?

    Did they get $7000 from the government? Go away
    Wolf 359, Apr 11, 2004
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  3. Marc

    [BnH] Guest

    How this boom related to aus.photo ?
    are you an interior photographer ?
    if not, get lost


    [BnH], Apr 11, 2004
  4. What utter, total nonsense.

    You believe in disinflation. Try moving to Tasmania where the population has
    been in decline & houe prices have declined as well. Tell them how much
    better they are than other states where housing prices have risen.

    The extension is that you believe that all prices should fall, including
    stock prices, commercial real estate, superannuation, gold, etc. Maybe you
    perfer Communist China or North Korea?

    Gregory Toomey, Apr 11, 2004
  5. Marc

    Marc Guest

    Well, to introduce a 14k first home owners grant at a time of low interest
    rates was just asking for house prices to sky rocket. The government should
    of left the housing market to supply and demand and low interest rates would
    of naturally stimulated the housing market, rather than let it sky rocket
    with the FHOG.

    Just ask your children (and other first home buyers) how they are going to
    afford a 300k mortgage that previously would of been $200k before the
    housing boom? Now, the government has reduced the FHOG to $7k at a time when
    first home owners need it the most. Mean while, the government is laught at
    their windfall from stampduty, land tax, etc...
    Marc, Apr 12, 2004
  6. Marc

    Brenton Guest

    First home owners was and still is $7000... there was "bonus" of $7000
    if you built a new house.. this was to offset the slight increase in
    cost of building new due to the new GST introduction.
    Building prices remain pretty much the same (I built 3 years ago with
    help from the $14K and could build the same house today for pretty much
    the same amount of money)
    It is not "house" prices that have gone up... it is "land" prices.

    Marc.. you are barking up the wrong tree... you should be blaming the
    local councils and State government for not release enough land to keep
    up with supply... not the absolutly minimal effect that $7k and $14K
    had/has on values.
    Are you cross because you did not buy a house 3 years ago before the
    last price rise... move away from Sydney/melbourne/central coast and you
    will be able to buy a house.
    Brenton, Apr 12, 2004
  7. Marc

    Henrik Guest

    Hi Marc,

    I think there are a lot of people that are very happy to gotten the FHG of
    $14k, which gave them the opportunity to realise some of their dreams.

    You on the other hand is knocking it, you have really said why it is
    affecting you so badly. I could have missed it :)

    Owning your own home is very much an Australian dream, and not being
    Australian it is an interesting notion. Problem here in Oz is that unless
    you have equity you have no option to borrow to build on other areas in your

    You are more with a house/mortgage then you are without a house!! it is a
    strange world we are living in. there obviously must have been a lot of
    wankers here before to ruin it for others.

    However you think house prices are high now and people are paying too much
    in taxes, just wait till the baby boomers start selling off of their assets
    and the house prices will start to hit lows never seen before - unless we
    have a huge intake of people to Oz (you know them bloody foreigners!)

    Personally I wish I could get the $14k that would be great!

    I wish you the best of luck for the future and paying off your mortgage

    Henrik, Apr 12, 2004
  8. Marc

    Camera Guest

    I don't think here is the right area to discuss this topic. Property has
    nothing to do with aus.photo. Well, I have to inform you that the property
    market in Communist China even rises a lot faster than in Australia.
    Comparative speaking, Australia property market is "very stable" already.
    Camera, Apr 12, 2004
  9. Marc

    Lionel Guest


    Marc, any particular reason you're posting this terribly off-topic stuff
    to a photographic newsgroup, rather than somewhere more appropriate,
    such as aus.politics?
    Lionel, Apr 16, 2004
  10. Marc

    Marc Guest

    because I wanna take a picture of howard in jail for his stupid policy. :p

    Marc, Apr 19, 2004
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