Quote:
Originally Posted by xelasnave
The suburb next has a 20 storey block on the market.
I saw someone selling the units next suburb down where I seem to be the only non Chinese or Korean that visits.
All the blurb was about proximity to schools and the University which is a big part of the buyer motivation no mention of number of bedrooms.
And there is at least another block going up maybe more.
Alex
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This is why I do not buy the political spin that it's negative gearing, or local investors to blame.
You can get minor distortions in the price of any commodity due to local regulations, but in the end it is always driven by supply and demand.
No centrist politician wants to mention, let alone actually do anything about the primary driver of the surging prices.
There are a few on the right, and even the odd Green (albeit for different reasons) who want the numbers brought down, but it's not even close to becoming a reality.