Australia housing bubble

[chrisandsharon]

Originally Posted by Franco Cozzo

Could be worse - could be paying $1,250,000 for your 1 bedroom asbestos shack in Mt Druitt which for some reason is about half way to the moon from Sydney CBD but still 'Sydney'

Geezuz I gota see this - surely not. Is there a link to this shack

[jpblue1000]

Originally Posted by chrisandsharon

Geezuz I gota see this - surely not. Is there a link to this shack

Originally Posted by Franco Cozzo

Could be worse - could be paying $1,250,000 for your 1 bedroom asbestos shack in Mt Druitt which for some reason is about half way to the moon from Sydney CBD but still 'Sydney'

Pfft.
I just signed up for a $1.514million 2 bedroom apartment 16983km's from sydney. Its a socking commute!

JP

[chrisandsharon]

Originally Posted by jpblue1000

Pfft.
I just signed up for a $1.514million 2 bedroom apartment 16983km's from sydney. Its a socking commute!

JP

What’s that got to do with Mt Druitt jp

[jpblue1000]

Originally Posted by chrisandsharon

What’s that got to do with Mt Druitt jp

Nothing...but a joke, Mt druitt, expensive, like how far away from Sydney, high prices, context, location, location, locat...you think sydney is expensive...oh dont worry!

JP

[chrisandsharon]

Originally Posted by jpblue1000

Nothing...but a joke, Mt druitt, expensive, like how far away from Sydney, high prices, context, location, location, locat...you think sydney is expensive...oh dont worry!

JP

Watch ‘Housos’ jp - that’s Mt Druitt, let me know if the 1.514 million you spent is
in Sunnyvale 16000km away. I grew up in Western Sydney hence my post ‘surely not’.
I get the high prices etc etc, Sydney is not alone.....watch Housos.

[zipping]

https://www.domain.com.au/news/nsw-b...h11kha-440629/

Sydney’s slowing property market is set to make a whopping dent in the state government’s coffers due to a massive reduction in stamp duty revenue.

The state stands to lose a total of $6 billion in revenue between last financial year and mid-2021, according to significantly revised stamp duty revenue figures in this year’s NSW budget, thanks to house prices coming off the boil in mid-2017.

[GT0132]

Originally Posted by zipping

https://www.domain.com.au/news/nsw-b...h11kha-440629/

Sydney’s slowing property market is set to make a whopping dent in the state government’s coffers due to a massive reduction in stamp duty revenue.

The state stands to lose a total of $6 billion in revenue between last financial year and mid-2021, according to significantly revised stamp duty revenue figures in this year’s NSW budget, thanks to house prices coming off the boil in mid-2017.

Sure but then they had a gain they didn't predict during the boom.

Also because the average house price has increased by around 40% in the last boom the stamp duty the government receives on every house sold is now 40% more than what it was 5 years ago.