It’s where I’m envious of the Poms. Over for the weekend to Prague, Budapest, Berlin, Seville and many more.
None of this 30 hours each way BS.
3 Likes
Yep, the Uncle has a holiday home at Benalmadena where they shoot off all the time and regularly friends and rellies nick off to a Prague or Budapest for the weekend
As much as I don’t want to live there permanently I can definitely see myself using the UK as a base for 6 months per year on retirement
My parents have just gotten home from London.
They said a pint was about $6-7 Australian.
You can’t get a pint for that price in Australia.
2 Likes
Yeah, plenty sell pints for £3-4 but a hell of a lot are now charging £6-7 a pint
In my experience Aussie beer was cheaper than beer in Paris, but Belgium was like 3 times cheaper than aussie beer.
Beer in Amsterdam was about the same price.
Coffee in Amsterdam was at least double the price of Australia, though. Five Euros for a coffee. Five fkn Euros.
Chris, pls…
11 Likes
Need to stick to the herbal teas in Amsterdam
2 Likes
I’m a getting old
In Amsterdam in 97, the Heineken brewery tour cost about $2-$5.
It included a small glass of beer, half way through, and then as much beer as you could drink in the bar at the end of the tour (about 20-40minutes of drinking)
Just checked now, and it’s €23 and you get 2 glasses of beer.
3 Likes
So you want them to raise the age of criminality?
LOL, I take it all back, thought it was going the other way.
1 Like
Property prices going down in aggregate is not an issue if the reason is because construction rates are going up.
Personally though its why id never buy an apartment.(new highrise)
Here in Sydney its apartment prices which are weak. Its because all the new apartment supply started pre covid is now on the market.
Not everywhere mind you, but its just commonsense where it is.
Ie if you buy into a highrise apartment complex in a locale with highrises. More highrises that are newer are going to come along in the same spot.
I don’t understand people who miss this issue with supply and demand.
The best apartments are in areas where supply is constrained.
Where its not and its where you want to live I would only ever rent.
Don’t think depreciation and income can ever compensate for decent capital gain.
Yes, some good points there.
The lag on property prices in Victoria is in part driven by higher taxes on investment properties. Investors are leaving Victoria and investing elsewhere. Property prices (apartments) have been booming in SEQ / Gold Coast by comparison.
The property market in Victoria will turn but it’s currently going through a slump and this is in part driven by state government policy.
If tax policies are what’s discouraging investment then it just highlights the fundamentals are wrong.
A good investment should stack up regardless.
There would be types of property that are buoyant price wise in Melbourne
And thats all it needs to be to keep lenders lending.
1 Like
The land taxes down there are crippling some investors.
Land tax in terms of spreading the number of individual property owners is a very good thing.
Ie if the tax bill increases per number of properties owned or if it discourages land banking and instead encourages construction starts.
Well its exactly what you want to encourage high ownership rates and supply.
1 Like
It’s because home loan repayments have nearly doubled.
But I mean…sure…your thing maybe matters, too.
3 Likes
So have rents.
Yeah i agree on interest costs.
But if you look at loss making suburbs in Sydney(and there are some depending on time frame) its all where high rise apartments go up. (And its the dwelling price of existing apartments are suffering).
Why pay more on a unit in a 3 - 5 year old high rise with Opal Towers style build quality?
The answer is people dont. They hear stories, read some strata reports and say ■■■■ that.
Meanwhile new apartment buyers chug along with the tax benefits in buying one. As direct competition
1 Like
HAHAHAHAHAHA!!!
I WISH.
No, apparently renters are exempt from the cost of living crisis.
Because reasons.
Maybe, as Stiglitz observed last night on QandA , there could be a lack of competition in the market, where the few big property developers manipulate the market and the tax system. He instanced Trump in New York, queried the number of players in the Australian market.
2 Likes