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Part of this is that the AUD has appreciated in value so much over the last few years Yep, many other countries have had economic downturns lately, a lot of au
by rmc 14y ago
Part of this is that the AUD has appreciated in value so much over the last few years
Yep, many other countries have had economic downturns lately, a lot of australian economy is based off mining, which is going OK. Ergo, currency appreciates.
Part of the problem is retail rental rates are so high
DANGER WILL ROBINSON! That's partially a sign that the property market is in a bubble or inflated. Many other countries have been wrecked when the property bubble pops. It might happen in Australia.
- Nursie 14y agoI did start to wonder, when a coworker said he had made some sort of investment in a long term retail let that they were then short-term subletting, if this was entirely normal.
- obiterdictum 14y agoProperty bubble has been predicted in Australia for years now. I was waiting for a market crash for years too, but now I'm not entirely convinced. With high urban sprawl, poor transport options, growing population and generally high income, I'm not surprised property costs as much as it does now.