Pump Until Collapse: Australia's Housing Gamble

There’s more and more proof that Australia will continue to pump the housing bubble until they run out of new levers or until it totally collapses. For all the talk about improving housing affordability or wanting more people to own their own home, new policies are consistently being implemented that make housing affordability worse. How far can this bubble be pumped before it all collapses?

DISCLAIMER: This video content has been made available for informational and educational purposes only and does NOT in any way constitute financial or investment advice.

#australianrealestate #housingcrisis #housingmarket #auspol #bikokonstantinos

[bikokonstantinos]

Do you think Australia will keep pumping up the housing bubble?

[richardhudson]

fear a housing crash due to people buying homes above asking prices with little equity. If prices drop, affordability and potential foreclosures may arise, worsened by future layoffs and rising living costs. I want to invest more than $300k, but I'm not sure on how to mitigate risk.

[Ynotdoitnow]

This country is sick, very sick. Politicians and their bandaids have got to be stopped.

[lundsweden]

If prices go up, its bad, if they stay the same, it's bad, if they fall it's bad. How did the "lucky country" get into this mess?

Australia is more like the "stupid country" these days.

[pinkenbajedi]

Prices are actually 200% over value. Absolute madness.

[GeneShepherd-ks]

Their super wouldn't cover the stamp duty or the agent fees.
I know an agent and she told me last year she made $480 K
I mean fuck!! Who makes that money for producing nothing.

[mieczyslawawozniak]

I came to Australia 33 years ago. It was time when housing bubble burst. Government loans were a disaster. Since than I am hearing about bubble bursting soon. Stop Air B&B. The entire coast is full of empty holiday housing and $$ goes overseas.

[IllIlllI]

Damn, someone who actually points out flaws in the system instead of blaming government or immigration… good on you! 😊😊

[bradwatson]

The crash has started, the government will be forced to reduce immigration numbers because nothing is keeping up with the out of control population increase.
It’s been a very irresponsible decision by government and they should be punished for the damage they caused to all Australians who are now homeless and the people who have committed suicide.

[Maximuswin]

Social unrest is getting worse in Aus, everyone has stated turning on each other

[mina_chiba]

Japan never completely recovered from the 1990s bubble burst. Salaries have remained at same low level for 30 years. Despite food and housing being very cheap, people have no disposable income and no kids. We’re talking about a country with lots of corporations and industries. Canada and Australia will never recover from this. Canadian in Japan, thank you Biko for your valuable insights.

[Mosesk]

Mortgage prisoners are coming.. where they owe 700k+ but homes are worth 200k less.

[fatwombat]

Australians have been sold out. Next Australian dollar will collapse so both owners of a single house wont be able to realise their gains and those trying to buy one but earning in AUD are screwed. If they actually wanted to help they would find a way to reduce the price of houses but no one dares talk about it.

[MrRWHP]

Might be time for people to start looking at other countries to live…this is getting absurd now

[fatpizzapizza]

Buying a $1million poorly built shoebox in the suburbs of melb/syd seems like such a rip off when compared to all the other expensive markets in the world. For the same price in Netherlands you get a well built house/apartment, can bring up your family with fantastic free education including uni, and you're connected to the whole of europe by train. You get none of that in melb/syd so you work your arse off to give your kids a descent education so they have the privilege to rack up $60k debt so they can get a job serving foreign corporations so they can become debt slaves and start the cycle all over. What is the point?

[StevieDMuzac]

A professor at UTS has just coined a new word "COMMUNICIDE" Society is being ripped apart by Aussie maligned property greed . eg families being split up like is happening Sydney . Younger gen being forced to move out of Sydney they grew up in, bcz it is too expensive to live in now

[fanshaw]

"When you've got more people competing for the same amount of houses..." Where are they coming from? Australians are not replacing themselves. Every year fewer houses should be required. This is a demand problem created by government policy and fuelled from abroad.

[eagleeye]

Many people are most likely looking at the option of moving overseas to look at purchasing a house rather than stay in australia that is and has become totally unaffordable. this country is being ruined by greed.

[iainw]

There is a limit to all of this which is a point where firstly, buyers evaporate as they cannot service the massive debt required, prices stagnate and decline, and investors cannot find renters able to pay the rent required to service their debt. This point of collapse is known as a 'Minsky Moment'. Outlined by Austrian economist Hyman Minsky. Hard to predict the inflection point and successive governments have up until now been successful at keeping all the plates spinning. There will be a significant cost to this and we are starting to see the first signs....tent cities, sleeping in cars, etc.

[ameliatah]

You can’t fight the market, the market will crash, 48% auction clearance rates in NSW this week