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This is complete nonsense are at the very least, localised to you and you region. 2 bedroom, shitbox, shoe-box apartments are being sold for $1,000,000 in Sydn
by LilBytes 7y ago
This is complete nonsense are at the very least, localised to you and you region.
2 bedroom, shitbox, shoe-box apartments are being sold for $1,000,000 in Sydney that are being condemned less than 10 years after they were built because of the shocking quality of their construction.
ABS News: a legacy of defects:
https://www.abc.net.au/news/2019-08-18/how-bad-could-the-apartment-building-crisis-be-in-your-state/11413122 https://www.abc.net.au/news/2019-08-18/how-bad-could-the-apa...
Quantity over quality:
https://www.openagent.com.au/blog/quantity-over-quality-the-decline-of-housing-quality https://www.openagent.com.au/blog/quantity-over-quality-the-...
- onlyrealcuzzo 7y agoSydney is in one of the worst housing bubbles in the world. It's not representative of most of the world.
- LilBytes 7y agoI'd go further than that, and say most of Metropolital Australia is the worst example of a bubble. ``` Over 66% of Australians live in the greater metropolitan area of Australia's 8 capital cities with Sydney being the largest (around 4.9 million), followed by Melbourne (4.5 million). ``` https://mccrindle.com.au/insights/blog/australias-capital-cities/ https://mccrindle.com.au/insights/blog/australias-capital-ci...
- onlyrealcuzzo 7y agoI agree. And Canada and Hong Kong, and a few places in Europe.