The stupid questions thread.

ozzybmx

Níl aon tóin tinn mar do thóin tinn féin
Things were definitely more lax back in 2004. I (well, the company I worked for) was able to apply for PR at the same time as applying for Temporary. The TR was granted within a few weeks and the PR about 5 months later.
I came here 2002 with a PR visa stuck in my passport.

At the 2 year mark, I did the citizenship ceremony and have travelled back to Ireland 3 times as an Aussie.

A great story...

I was in the International arrivals line at Heathrow Airport in about 2006, I shouted something to my missus (Aussie) and 4 month old son, AKA the KOM Yoinker.... and this pure born and bred Belfast flight desk girl shouted at me in heaviest Belfast chainsaw twang "Scuse me sur, yerrr in the wrang lineee"

She looked at me with dagger eyes as if to say, fckn stupid Norn Irish, always letting the country down.

I reached in to my pocket, grabbed the bluey emblazoned with Skip and the Emu and held it up without saying a thing :)

Her fucking face dropped... "Sarry Sur" reluctantly blurbed out at nowhere near the volume that she originally 'politely' chastised me.

I was proud to be an Aussie :p
 

ozzybmx

Níl aon tóin tinn mar do thóin tinn féin
That's about 6 months of capital growth in Sydney at the moment tho...
Its nothing but a kick in the balls for those who struggle to afford it.

$300k on a 6mil house is nothing for an International billionaire.

$25k extra on top of $25k stamp duty for a $550k house here in SA for a Pomme family trying to get into the property market and get a deposit together is robbery. This is the family that will live here in the future, bring up 3 kids pay taxes and contribute to the country.
 

Oddjob

Can hench anywhere any time
Who's buying these houses? Do we really have that many millionaires in Australia?
That house I posted before was only a middling house on the wrong side of a middling st. There are 10 houses on that st alone with a better view. That's before you get to Highview Ave, Crown Rd and Pavillion St where the real housewives of Queenscliff live. Then there's Freshwater, Manly, Fairlight, Clontarf....

Sent from my SM-G970F using Tapatalk
 

hifiandmtb

Sphincter beanie
As well, people who are buying these houses are those who are selling similar houses & moving up/sideways.

Plus there's a bit of "no point leaving the money in the bank may as well shift it to real estate" going on.

My neighbour's sinking $6m+ into his holiday home construction (land & building). That shit used to be unheard of down here...
 

hifiandmtb

Sphincter beanie
Until a year or so ago, many who bought at peak just before the 2008 GFC were struggling to get their money back...houses in the $3-4m range. So that's over a decade of no growth. But that part of the market was special.

The show will go on. Somehow. It keeps propping itself up o_O
 

Asininedrivel

caviar connoisseur
If levied on your own home, should drive prices back down.
I have been crapping on for ageeeees that "we're in a bubble, the market will correct itself" but the last 12 months has thrown that on its head. No immigration, actual population declines for the first time ever and prices still going up. I no longer even pretend to understand.
Debt makes people work, long hours, poor working conditions here we come.
That I'm actually a bit more optimistic about. We've been collectively using immigration to prop up the GDP for years but it's also been suppressing wage growth (and arguably productivity). Immigration has been flattened due to the pandemic and will probably take years to recover, so there might actually be some notable wage increases in the coming months / years.

Maybe
 

Flow-Rider

Wheel size expert
I have been crapping on for ageeeees that "we're in a bubble, the market will correct itself" but the last 12 months has thrown that on its head. No immigration, actual population declines for the first time ever and prices still going up. I no longer even pretend to understand.

That I'm actually a bit more optimistic about. We've been collectively using immigration to prop up the GDP for years but it's also been suppressing wage growth (and arguably productivity). Immigration has been flattened due to the pandemic and will probably take years to recover, so there might actually be some notable wage increases in the coming months / years.

Maybe
Look at farmers, the jobs don't get done and they just throw produce away.
 
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