#HousingCrash #HousingBoom #HeiseSays
Australia’s housing boom is being increasingly driven by investors who are lying on their mortgage applications. Will this lead to the long-awaited housing market crash or is this just another media overreaction?
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What will crash the market eventually will
be when people who own a home
and want to retire realise that $30000
super invested anywhere at under 3%
won’t cut the mustard
Equity must be released from their
only other asset,their home!
Then supply will finally exceed demand
Banks don't care – as long as they can take your home legally to sell when they want to, they don't care otherwise.
haha the prices of houses here are disgusting my grand parents bought a house for 14k that was 2x yearly income my parents could buy one for 50-100k that was 2-4 times yearly income in the same or close area now we are having to pay 1million plus with 0 wage growth at 12-20 times yearly income biggist bubble in history add the real inflaiton rate to that and people have no chance to move close to where they grow up anyone buying a house is insane
I hate to say it but Australia deserves to have its economy crash
Bit funny how apparently, according to this article, no-one said they lied about their super deposit… how convenient… again. Either I, as many, have missed the boat for a home, or we are going to get utterly destroyed when this all comes crashing down.
There's plenty of risky lending, but in a rising market, loans will rarely "fall over" as you put it because if borrowers really get in trouble they can simply sell their houses in a week. Such loans are risky from the borrower's perspective but somewhat less so for the banks.
Mortgage keeper will happen. The government will use our taxes to make sure housing prices remain high and our rent too
Cousin…u crack me up..I'm on my schooner…and laughing…tc..talk soon.
Ps..keep stocking Beef..😁😎🐁🇦🇺🍺🍺
Don't fight the Fed or Housing.
CoreLogic data is the most falsified data source you could find.
I don't trust much put out by the ABC as they are one of the biggest liars. Banks lie and are very corrupt as seen by the inability to even find a CEO that hasn't been charge for some corrupt business dealings. Then the real estate market, well, they are also fit into the, I would trust them as far as I could comfortably spit a sewer rat! So I would be more surprised if you said they were not lying.
What do we call people who easily fall prey to scammers? Stupid and/or greedy…
I'm hoping for mortgage keeper$
House prices double every hour, we are as safe as houses?
With a disability and rent soaring, I'm considering buying myself a home next year.
It will have 4 wheels and a mattress in the back!
Same as the Covid Boom
I think they are scared of deflation and everything falling over black Swan maybe?
Or a White Swan because we know its coming?
With my 20% deposit im competing with the 2% and 5% deposit idiots risking my equity thank to my leaders promoting lies and fomo
UBS is a Swiss Bank….. cough "Panama Papers" cough cough.
How is anyone meant to buy a house without lying?
Only if something goes wrong…. now that couldn't happen, could it?
it all depends on the interest rate
All we need for a correction is a change of government.
The longer it takes for a correction, the harder the correction.
Shocked & surprised? YES!! That the msm would actually tell the truth. Figure fudging is fact =)
I got pre approval and then later full approval as a casual Duty Manager at a pub. Took me like a year and a half to get that approval because of lockdowns and the fact Im a casual. Then when we bought a home a month ago we got out of the contract because of a failed building inspection. Now we are buying another home but I am stood down right now. no fault of my own of course and my job will be there when lockdowns start to end.
Feels kind of dodgy but me and the wife can easily afford the house with emergency payments as long as the government dont pull the pin on those payments and even if they did we have 25k in the bank and I can find work as an essential given a month or so. but its really sad if we get denied we may be completely priced out of Melbourne.
So I dont feel real good about investors fudging papers but If any first home owners are fudging papers to get into the market in the 3 big cities before they are completely priced out.. well I dont blame them.
How much will land cost on mars good 2 go 👀👀🚩🚩👌👌
The housing market is backed by the government and banks. It would be nice to see an adjustment of the market. But they prefer to do incentives and devalue the australian dollar and revitalise the australian dream, the so called millionaires, however 1 million AU is only 600k euros. So keep on working, pay your debts and the vicious cycle goes on forever.