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>So all you have is a gut feeling. Seeing three separate real estate agents having nothing but Chinese brochures in their offices tells me they aren't expectin
by zeth___ 9y ago
>So all you have is a gut feeling.
Seeing three separate real estate agents having nothing but Chinese brochures in their offices tells me they aren't expecting locals to be buying from them.
>Thousands of units hitting the market each month is a LOT.
http://www.abs.gov.au/ausstats/abs@.nsf/mf/8731.0 http://www.abs.gov.au/ausstats/abs@.nsf/mf/8731.0
This has been going on for close to 10 years now.
- kjksf 9y agoThis data shows 18 thousand approved for all of Australia. Not "thousands per month" for the mysterious city you live in. For comparison, in 2017 Seattle got 10k new apartments which was enough to match the growth caused by Amazon's hiring and generally keep the prices sane. So a thousand a month for the city the size of Seattle is good enough to counteract one of the biggest population growths.
- zeth___ 9y agoIn January. There are literally 3 cities that matter and 4 kinda do. If you go by state you can see that a place like Sydney is getting ~1200 non house units approved. I see 5 50+ story building completed in the last three months, with another 4 being build. Prices are not dropping. Buildings are not being occupied.
- megy 9y agoPrices in Sydney are dropping, have been for the last 5 months. WTF are you talking about?