13-09-2021, 03:38 PM
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Why have Australian house prices risen despite falling population growth?
13-09-2021, 03:39 PM
The number of new migrants and returnees to Australia fell by 244,000 people. But prices continued to rise – houses earned more than wages over the past 12 months.
Sydney and Melbourne experienced the sharpest decreases in population growth due to the closure of international borders and regional migration, from about 2 per cent growth in 2018-19 to a 0.2 per cent contraction in 2020-21. But home values rose 21 per cent and 13 per cent respectively over the 12 months to August on CoreLogic data, propelled by government grants, concessions, and low interest rates.
Sydney and Melbourne experienced the sharpest decreases in population growth due to the closure of international borders and regional migration, from about 2 per cent growth in 2018-19 to a 0.2 per cent contraction in 2020-21. But home values rose 21 per cent and 13 per cent respectively over the 12 months to August on CoreLogic data, propelled by government grants, concessions, and low interest rates.
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13-09-2021, 04:46 PM
According to my cousin who is an Australian citizen, you can reduce your tax drastically by buying properties. He told me that although some of the publicized tax rate could be very high (I think close to 40%), most people don't pay so much, by investing in properties.
13-09-2021, 07:07 PM
Not only AU prices rising. Around the world. Stock prices too.
Need special knowledge like Dola died in 2008.
Need special knowledge like Dola died in 2008.
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