Sadly a recession is upon us and thousands of companies in 2026 to 2028 will go into administration, 1000s of personal bankruptcies and 100,000s of people will loose their job which will cause many Mortgagees Real Estate Sales and foreclosures . This is what Labour voters have voted for a bunch of liars who will now destroy the Australian Economy. No stimulus can fix this problem
Yes first home buyers have not been competing against investors alone but immigrants no fault of the newly arrivals but the Government is simply importing votes for socialism to hold onto power . Consider long term there is 2 million investors owning property but 1.58 Million People have or will migrate to Australia by the end of 2026. Vacancy has been around 1% to 1.3% annualised . So clearly it’s not investors causing shortages/ supply issues but the sheer fact that wether your trying to rent or buy in the past years, pressure in housing is clearly attributed to Migration
I deal with all sorts of demographics and situations essentially if your a high income earner but have a family or dependants if you bought after May 13, 2026 your likely now going to loose $1000s per month post July 1, 2027 plus no point in waiting to be faced with indexation. Others won’t sell and rents will go up as more investors ditch their rental investments . They won’t buy new stock as it’s out of reach of the average investor and further rate rises have closed that avenue . Most developers these days aim for owner occupiers not investors with the exception of Melbourne where there is a large contingent of affordable house and land packages. Only type of rental investment that works now is city Airbnb apartments close to the coast . Therefore giving returns of 8-12% depending on age of building and Airbnb Manager capabilities . Many who do Airbnb don’t make the yields I stated due to lack of marketing , poor management and aged buildings .
Albanese dismisses reports of a 10pc housing market correction.This has already happened Sellers who really need to sell have slashed their asking prices 10-15% .The Labour Party reset is under way,sadly for many first home buyers they are now under water https://t.co/hxnMHGGQyh
Correct been in Real Estate for 46 years my only opinion is you could do nothing if you can afford to and wait see if all this mess is repealed by the coalition. Otherwise your analogy is very true for many who need to restructure before June 30. 2027 at a great cost, really to protect themselves from Communism/Socialistic left wing Government hell bent on attacking anyone trying to get ahead in life.
Just sold an apartment 10% discount on pre budget sales, to an owner occupier , the buyer paid the tenant $10,000 to leave . Overall seller still lost considerable monies in equity . Only winner was the tenant except the new rent is 10% higher than pre budget rent as they were on a low rent . Owner decided to sell due to known facts property will be cheaper in 2027 so no point waiting to loose more money . Owner is retiring now
I am repricing all listings of real estate by 10-20% depending on the range . Sellers who are investors will now loose equity as well as regular owner occupiers and first home buyers who bought from August 2025 till recently now face a total loss of their life savings ( 5% deposit) so all owners are affected as well as this intergenerational policy simply is a catastrophe for all Australians. The 5% deposit was a good policy but now that has been totally ruined by these over arching new tax policies that will decimate and ruin hard working Australians . Labour Party should be ashamed of themselves. In 2028 it will be the biggest rout in an Election since 1975 . “ God help the Governor General this time around !
Buyers are waiting for prices to further decline and business owners are no longer looking to invest in real estate due to capital gains and negative gearing . Only buyers are downsizers who are selling so unless they meet there is no flow on . First home buyers are panicked due to negative equity and that leaves recently arrived migrants with money and cash buyers waiting for further declines . Many agents are in denial as well as owners . Plus many agents have never sold in a falling market so are not advising the sellers of the new pricing
The reality overseas companies will exit Australia as will anybody with citizenship in another country who can restart their same business in another location . Labour Party is totally deluded in their thinking . Whilst maybe 95% of the population will restructure ,capital will exit this country for the next 2 years, certainly investment will be diluted . The 5% that will leave will be a brain drain as start ups cannot risk such losses . The economy is simply going down the gurgler rapidly
@KatyKray73@HelpRodger Speechless can you please learn how to profoundly explain your actions and policies . Maybe seek some help with a public speaker teacher forget about economics that’s a big Fail
@AvidCommentator Correct all these regional areas will collapse under the weight of lack of services , unemployment, crime, high interest rates will force investors to bail leaving a littany of unsold houses and townhouses
@Ryandally08 Based on 2020 being 25.3 million Population now 28 million no wonder we have problems in all aspects to society , to housing , health and crime