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42 sats \ 4 replies \ @Undisciplined 9 Aug \ on: Australian Mega Landlords With Up 4eva Assets econ

I've started hearing friends echo the "Real estate only goes up" line, too.

That definitely makes me want to get less invested in real estate.

I hear Canada and NZ are starting to see their property markets come down. I still don't see how it happens in Australia.

42 sats \ 1 reply \ @Undisciplined 9 Aug

Is there still a ton of demand from rich Indian and Chinese families for Australian housing?

I recall reading something about that a long time ago. It had something to do with school access, iirc.

42 sats \ 0 replies \ @OT OP 9 Aug

I think there is. Immigration really spiked after COVID driving up further demand for housing. For some reason the schools seem to give international students good reputations. I wonder how long they have till that's gone.

21 sats \ 0 replies \ @Solomonsatoshi 9 Aug

Interest rates declining drives up property prices. Speculative Property prices are driven by debt leverage...as explained in the article you quote. Fiat debt leverage. The rent on money has been steadily declining since the late 1980s and so property prices have been rising upon the increasingly cheap fiat leverage that enables. Today the rent on money cannot go much lower nor higher- thus that cycle of the last 35 years is over. Property price stagnation is the best you can expect from here onward - property prices are already declining in real terms here in NZ.