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Superthread LXXI - Honouring Phil Hughes. 63*

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Drew-Sta

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The entire Australian housemarket is starting to get that way, not just Sydney. Anywhere you go, places are selling for well over reserve. It's starting to get extremely competitive and people are putting themselves in massive debt over it (via a large mortgage, assuming, they are taking out a loan).

I know it's totally different dynamics/area/currency but seeing the cheaper house market over here is crazy. Not to mention, land is cheap (and rising at a decent rate).

Oversupply to constrained demand. The market bubble on the States went nuclear in 2008, and the prices were driven to unprecedented lows as a consequence. The housing you are seeing us priced low because the homeleas family living in the park nearby lost their jobs and couldn't pay the mortgage.
 

Dragon2010

First Grade
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Oversupply to constrained demand. The market bubble on the States went nuclear in 2008, and the prices were driven to unprecedented lows as a consequence. The housing you are seeing us priced low because the homeleas family living in the park nearby lost their jobs and couldn't pay the mortgage.

Where I am actually has a fairly low homeless rate, given it is a smaller city as opposed to larger areas (Population of ~40,000), predominately college dominated as well. Still, it's got a strong housing market.

I know what affected the price crashes here, I'm just still amazed at the insanity that is the Sydney (and most of Australia) housing market.
 

muzby

Village Idiot
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restained the deck today..

prrrobaabbly should have worn gloves...

my hands look like I've murdered someone..
 

Bulldog Force

Referee
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Man Metal Slug Defense is far too easy. I downloaded the update tonight and won all the additional missions in 5 minutes.

#bored
 

Bazal

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103,647
Really enjoy watching Shahid Afridi when he's on song. The original pinch hitter
 

Bazal

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103,647
The bloke got 55 off 26 and only got out because he hit a full bunger too well....He'll rip it in the world cup.
 

Twizzle

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nope

media not really giving him any air time, just a lot of reports from up the road a bit
 

AlwaysGreen

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ABC are interviewing a chick who is the head of 'People Against Violent Extremism'.

Isn't that like 99.99999999999% of the population?
 

Twizzle

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I like the way they get journalists to interview other journalist, like that keeps us well informed

3 people just bolted out the side door
 

Misanthrope

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Got to love the Daily Telegraph headline. Gutter journalism at its very worst.

I wouldn't even wipe my arse with that rag.
 

AlwaysGreen

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51,162
The ABC. Amateur Broadcasting Corporation. Their ticker is telling people not to call 0000 for information. The extra 0 is for having no f**king idea.

Slash an extra billion from their budget.
 

muzby

Village Idiot
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45,973
The ABC. Amateur Broadcasting Corporation. Their ticker is telling people not to call 0000 for information. The extra 0 is for having no f**king idea.

Slash an extra billion from their budget.

to be fair, the information in bold is actually 100% correct....
 
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