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  1. #221
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  2. #222
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    Haha.... "Negative gearing causing house prices in Sydney and Melbourne to skyrocket, report says".

    Welllllll..... The report doesn't actually say that. It recognises that it's a contributory factor in house prices being high but states many other reasons for the ridiculously high prices. Eg

    Low interest rates
    Banks making it easy to borrow - often beyond means
    Housing supply issues
    Migration and population growth
    State governments planning rules allowing too many apartments and not enough family friendly housing.

    Got to love how the media twist things and take them out of context and expect readers to just take their articles as gospel.

  3. #223
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    Quote Originally Posted by A-Squared View Post
    Haha.... "Negative gearing causing house prices in Sydney and Melbourne to skyrocket, report says".

    Welllllll..... The report doesn't actually say that. It recognises that it's a contributory factor in house prices being high but states many other reasons for the ridiculously high prices. Eg

    Low interest rates
    Banks making it easy to borrow - often beyond means
    Housing supply issues
    Migration and population growth
    State governments planning rules allowing too many apartments and not enough family friendly housing.

    Got to love how the media twist things and take them out of context and expect readers to just take their articles as gospel.
    That's because the media is politically biased :/

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    A-Squared  (07-03-2016)

  5. #224
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  6. #225
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    I'm not taking it as gospel I'm just sharing an article for people to read.

  7. #226
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    Quote Originally Posted by BigRedV View Post
    I'm not taking it as gospel I'm just sharing an article for people to read.
    Sorry I didn't mean you were, just that soooooooo many people do believe it and could base their votes in it. I was just questioning the credibility of the article

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    BigRedV  (08-03-2016)

  9. #227
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    Kind of off topic, but recently noticed that auction clearance rates in Sydney have dropped and median house prices also dropped in the last couple of months. Sign of things to come maybe?

  10. #228
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    Quote Originally Posted by witherwings View Post
    Kind of off topic, but recently noticed that auction clearance rates in Sydney have dropped and median house prices also dropped in the last couple of months. Sign of things to come maybe?
    I was reading recently that the housing bubble is set to burst bc prices are so insane people just can't afford to pay what sellers want. But the story I read said prices probably won't drop, just remain static for much longer than what is normal.

  11. #229
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    Quote Originally Posted by delirium View Post
    I was reading recently that the housing bubble is set to burst bc prices are so insane people just can't afford to pay what people want. But the story I read said prices probably won't drop, just remain static for much longer than what is normal.
    I don't actually believe there's a bubble as such. Certainly not in areas where demand will always be very high. Yes I agree the growth will probably stagnate.

    Just found this now:

    http://www.domain.com.au/news/sydney...160306-gnbvp3/

  12. #230
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    Quote Originally Posted by witherwings View Post
    I don't actually believe there's a bubble as such. Certainly not in areas where demand will always be very high. Yes I agree the growth will probably stagnate.

    Just found this now:

    http://www.domain.com.au/news/sydney...160306-gnbvp3/
    The cheapest sale in Sydney was 383k in Redfern for a 1 bedroom flat That is just beyond crazy! It's reading stuff like this that makes me appreciate living regionally.

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