COVID-19: who’s going full doomsday prep on this?
- Thread starter johnny
- Start date
Yep, the HK situation pretty much recovered alot of the docklands plumbeting pricing.Yes kinda of, it’s not totally the firb’s fault they are useless, the criteria they work within is crap.. Mind you they know this and have not done a thing to force change.
Rant coming..
Apart from the casinos, realestate is still not subject to international money laundering laws that apply to every other financial system in australia.. The firb laws are a joke, just wander down to a melb or syd auction in an affluent area, to watch 18 year old international student buy a 2-3 million dollar property to live in while studying.. And no i’m not exaggerating.. It is rampant especially after Hong Kong tried to free itself from China. (Which all seems so looong ago..)
.. And no i’m not exaggerating.. It is rampant especially after Hong Kong tried to free itself from China. (Which all seems so looong ago..)
Even Point Cook had them sniffing aorund which is traditionally outside the circle for last 12months. (gone are the days of buses, that used to blow my mind.)
It’s going to be a wild ride, cash businesses are where you want to be right now..
Yep, that I agree with! Strange feeling a sense of job security in a cut throat industry and social climate.It’s going to be a wild ride, cash businesses are where you want to be right now..
Chriso_29er
Likes Bikes and Dirt
Before all the shit hit the fan my missus and I were looking at a nice property in the eastern burbs of Melbourne. Just a nice family home about $1.1M worth. Went for auction last weekend, we had no further intent on bidding. I thought it would be passed in due to the circumstances. Some crazy Fker bought it over reserve. You would have to be mad!
Haakon
has an accommodating arse
Just saw a super duper nice house pop up right where I want in Hobart for the right money etc etc. But even if I had any balls to buy now I can’t even go look at it...
If I was selling I’d want to sell right now too - lots of new listings in Hobart in the last few days...
If I was selling I’d want to sell right now too - lots of new listings in Hobart in the last few days...
Hobart may just go even more gang busters after people reassess their lifestyles after this. It's already begun for ballarats and bendigos inquiries for regional. I'd love a mid century job in Blackman's Bay down in tas though..
That was alot of the auction scene... Many went well over 10% of their reserves.
Haakon
has an accommodating arse
I dunno about that, Hobart is almost totally reliant on the tourist dollar and will be smashed more than most.
Flow-Rider
Burner
Hot spot for wealthy investors and has been for quite a while.
Boomers and retirees have got the coin.
Haakon
has an accommodating arse
Yeah I know... Still, the local economy crashing and burning gottas dent even that.
rangersac
Medically diagnosed OMS
If you want a local to check it out...
Surprisely interesting stat. Assuming it's because most stock is probably air BnB or uni accom. Majority of Melbournes outer burbs are low 100s. High demand zones like dandedongs sit around 1000.
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Haakon
has an accommodating arse
Cheers, most appreciated
Not sure how that even works under current “stay at home” rules.But still, too risky for me at the moment...
moorey
call me Mia
Yeah, but ‘Ok retiree’ isn’t as snappy.
Haakon
has an accommodating arse
airbnb. Also being smashed...
Whos was more deadly again? @johnny which economy turning south would have a greater effect, China or USA?
moorey
call me Mia
Sorry? China’s infection rate is plummeting, USA’s is skyrocketing.