/biz/ - Business & Finance

Living at me mams place rent free

?

Rona caused rent to plummet.

our bloody government is hell bent on keeping the property bubble going. it should've crashed back in '09 to '10 but the amount of stimulus pumped into the economy was ridiculous 20k to 40k grants for buying homes. it kept going for another decade. it was about to crash again last year, but guess what? RBA prints money like no tomorrow and now we're in this mess since china is not buying our gov't bonds/treasuries no more.

Boomers had it easy, they lived on the government credit card but now millenials and zoomers are absolutely fucked paying the bills for boomers who should've keeled over from coronavirus.

>>28758726
My rent didn't change at all during, my lease is up for renewal in April and they are asking for $50 a week more

Unrelated, but what's up with so many fags in Melbourne/Victoria being happy to be cucked by Dan Andrews?

>>28758928
Just buy precious metals and bitcoin simple as mate.

Soon a monster box of silver coins will buy a house by the beach.

https://www.youtube.com/watch?v=l-knwwD-PZc&ab_channel=GoldSilver%28w%2FMikeMaloney%29

>>28758539

Remote work will make satellite/rural cities more approachable. Here in Perth, 3x1 70s dog box in the fucking ghetto = $650k. Go to Albany and for almost half the price you can get a house with ocean views.

My plan is to yeet out to a place like that to raise a family.

Rent is fucked but, I pay $400 private (gumtree) rental in one of the top suburbs. I am forever indebted in my rich and lazy landlords. If it was done through an agency it would be $550+.

Don't know how non-lucky people survive desu.

perthfag here
I bought my house in 2006 for 250k and only have 90k left, I have room mates paying for it too

>>28759291
what suburb/area?

>I live in Sydney

>>28759325
Balga

>>28758539
my rent has gone up by $18 a fortnight in an inner city house in brisbane in the last ten years. at least this coma I must be in has endless shitposting to keep me entertained until I die, although the house is a real abomination so this might be real life

>>28758539
>mid last year: just need my investments to net me about 400K after tax so i get a decent enough house
>now: need about 600K post tax
I'm playing the long game and I know I'll be good in the long run but holy fuck it's frustrating.

>550k home
>1.4m in crypto
life is comfy bros. taxes are fucking me hard though

Moved recently to a new rental cos of the cheaper prices. Want to get a mortgage ASAP though because fuck these real estate parasites (plus record low interest rates).

>Agent is super helpful and accommodating right up until you sign the lease
>Ghosts the fuck out of you once you're paying them
Every time. Cunt I need the fucking letterbox keys. Seriously these assholes need to be held accountable for the service they provide

>>28758928
>our bloody government is hell bent on keeping the property bubble going.
because most people have 90+% of their portfolio in RE, if it goes down, all of aus is fucked.
well all the boomers anyway, so of course they won't let it fail.

>>28759275
I already own bitcoin. not convinced on gold - the chart is lagging and i don't want to hold the physical asset it's too much trouble (prefer bitcoin), but will consider silver as a swing trade.

>>28759788
Most politicians have a fuckload of investment properties too. And even if they didn't the rich boomer voting block is too powerful to any real change to occur.

>>28759816
If you do go into silver make sure you buy physical or at least go PSLV since SLV is not backed at all and if the bullion banks that manage the SLV get squeezed they can close down the fund and you may potentially get nothing.

Ausfags, when they let fucking Chinese back in our country, its over.

Im genuinely concerned about getting priced out of my home city (not a capital) but will see how we go. I will be ready to buy at the end of the year but knowing my luck prices will jump 30% because of site unseen cashed up retirees ffs

Also my fucking landlord is going after my bond for some minor scuff on the wall that I fixed, I just know the faggot is going to try and paint the room again and claim it from me. He isnt getting a cent.

>>28759966
It's also why we import so many chinks, the more immigrants that need houses, the higher their portfolio goes.
anyone who thinks the libs or labor are different on this are fooling themselves.

>>28759689
fuck you cunt

>>28760100
Australia is just a colony of China, the we only exist to feed raw materials to china so they can create value added goods export to obtain more gold.

>>28759788
only the boomers are fucked and since they are the largest voting demographic, the gov't always caters to them. Also, the gov't has an incentive to keep housing prices high so they can collect on property taxes, council rates, etc.

If housing prices corrected to normal levels there would be no housing affordability problem. It should be worrying that banks are handing out loans at 95% LTV. it's madness but everyone seems to think this is normal.

I will prbly end up leaving aus and buying a home in cash outright in south east asia or something.

>>28758539

What’s causing the boom? Lemme guess, a chink millionaire invasion?

>>28759689
im new to all this. where should i be storing my crypto? right now i have about $200au of bitcoin on coinbase. but if i want to convert that to aussie fiat, what do i do?

Am in Sydney and it’s going to cost me 1.7m+ to get something half way decent. Shit is fucked.

>>28760225
Soon, when borders open they will fucking flood Australia like Skaven, the fucking rat cunts eating up all the houses.

Government would throw entire country under the bus without blinking if it meant boomers can avoid a bit of hardship.

>>28760225

Capital flight from cities driving up regional prices (sea/tree changing boomers), FOMO from young people worried about getting priced out, NIMBY planning laws, anything new is either poorly built or 20cm from your neighbors house, Yuppie DINKs with extra cash from no overseas travel, renting generally sucking ass, and the fact that aussie culture is obsessed with property.

Older people think etfs and shares are gambling but going 95% LVR is "safe as houses!"

>>28760189
and we have the gall to pretend like they need us when we are like 2% of their total import supply.
we need them because we rely on exports as the government has made it too hard to produce anything in the country other than fucking mines.
this place is a joke and we are at the mercy of china.

>>28758726
>doesn't live in QLD
Brisbane is getting absolutely fucked because NSW and VIC can't just fuck off and stay in their own states, have to come this way bringing their faggotry with them

>>28760411
Yeah exactly. Whenever I see "chink buying properties" I know it's an ignorant person typing. They make up such a small portion of apartment buying and they can only purchase off-the plan or new properties.

if anyone at all knows a good answer to this i'd appreciate it>>28760239

>>28758666
based satan

>>28760225
Right now it's a combo of irresponsible lending and a whole lot of brrrrrrr. Also shitheads in Sydney/Melbourne selling up, moving to other places and driving up prices wherever they go. And also yeah the chink floodgates will be reopened before long which will compound it further.

>>28760264
Government and boomers alike know exactly what damage they're doing. They don't give a fuck because they'll be dead before those chickens come home to roost.

>>28760658

Its definitely an issue but the Chinese just give cover for the oldies outbidding young families at auctions which happens a lot more

>>28760264

The current government is on record saying they wont be here in 30 years so why worry, speaks about the long term vision of the place

>>28760239
You need to join an exchange that lets you cash out in AUD. Pretty sure Binance does that. There are also some exchanges based in Australia that will as well such as Coinspot or Independent Reserve.

Also don't hold cyrpto on exchanges. If you're going to keep playing with crypto get a hardware wallet.

Holding up fking great m8.
Country living, renting a house next to a creek for same price as a room in the city (electricity included), making friends locally, juice fasting and getting healthy, holding GRT and making good headway. Don't even have to work can daytrade and chill all day between swims.

>>28760632
I used to think this then one of my female friends (not gf) got stuck in Melbourne repeatedly. We need a common sense approach that allows people to move freely.

Have a good chunk of savings, gotta decide this year to put it towards property or stocks. Gonna see how March pans out, is property keeps this insane rate I'll probably invest and buy elsewhere in the future.

>>28759204
People aren't happy, he's losing more and more defenders. I heard from a cop today lockdown will indeed go until 26th, when he finally announces it people will flip their shit or ignore it.

>>28760872
>Also don't hold cyrpto on exchanges. If you're going to keep playing with crypto get a hardware wallet.
why not, hackers?

I'm a dum dum, exactly what would it take to force the govt/rba to raise interest rates? The americans raising theirs?

>>28760901
>GRT
Was going to buy 10K when it was 30c but I dragged my feet. In the next few days I'm going get a pissy little 1K bag. Absolutely kicking myself.

>>28761226
Yep. Also if something ever happened to the exchange while your coins were on it you'd be lucky to get an apology email. Much less any sort of compensation.

>>28760248
Fuck Sydney dude. That place is soulless shit. Almost as bad as Melbourne.

>>28761599
ok thank you.
>>28761358
rba raising interest rates, what does that mean? like the interest i get in my savings account or something else?

Qldbros... let me in
Just wanna buy a nice piece of land 30min from the coast... save me

>>28760239
>>28760695

I have been using Swyftx. Others can jump in and let me know whether I'm getting raped in fees, but so far the experience has been good.

The KYC process was quick and after the first Osko deposit, all other deposits and withdrawals take a few moments to credit to the account.

Only minor issue is that everything goes through USD. So if you want to set a stop-loss or something you need to put in a USD figure. At the end of the day, I have had no issues with exchange rates or anything.

Don't try and hide this from the ATO though because they do proper KYC.

>>28761358
RBA's mandate is to target inflation.
While inflation is low, interest rates are low to encourage spending and as a result, increase inflation.
If Inflation is high the interest rate is increased to curtail spending.
So to get high interest we need high inflation.
How do we get more inflation? Ideally wage growth.
That is to say, were never going to see higher interest rates.

>>28761738
Your savings account and any loans. It would mean crashing the economy with no survivors but property prices would finally come down.

>>28760901
I could have thrown my 10k corona bucks into grt at .17 but went with bitcoin instead, I want to neck.

>>28761997
might as well go to the pokies

>>28761825
I've been using it too... Seems ok.
Fee's are 0.6% so doesn't seem too bad compared to others. Just wish the withdrawal limit was higher though.

>>28759702
I saved 25k on the purchase price of my apartment by being a cunt to the agent

Fuck real estate agents
Shitty, selfish and slimy middlemen
I will never respect this profession

>>28761903
Well shit, I should've expected nothing more. Thanks m8

>>28761923
ok thanks now i'm also curious as to what would cause them to rise
>>28761825
thanks, i invested au$210 in BTC on coinbase and now i'm trying to get it over to an aussie one. i'll look at swytx and independent reserve some more tomorrow

>>28761903
The government's stats on inflation are misleading because it doesn't include housing prices - only housing materials used in producing a home. Since house prices can be inflated due to speculation and monetary inflation the reported CPI numbers don't actually reflect the increase cost of housing.
Also, the basket of consumer goods are misleading, because if you have been paying attention, the amount of food within a package good has decreased over time. This gives the illusion that prices have remained low, when in fact you are paying the same amount for less food.
The problem I have when I explain this to a layperson is they aren't able to distinguish me from a conspiracy theory nutcase and someone who is telling them the truth.

>>28762413
Oh yeah, don't worry mate, I'm aware.
CPI vs actual inflation the average aussie is dealing with is completely out of wack.
The government and the RBA know and are complicit. Nobody wants to be the government to raise interest rates and have the house market crash because people cant afford to borrow as much. Just an eternal kick of the can down the road

>>28762353
BTC Markets is good and Aussie.
My main gripe with it is they have relatively few coins to trade.
AUD base is very newbie-friendly.

Im looking to buy a trezor model t, wheres the safest place to purchase one?

>>28763000
https://trezor.io/resellers/

>>28762353
Coinjar is bready good too

>>28759204
Victorians are pure cuck, I talk to a lot normies and they are all looking forward to the vaccine

>>28763410
go back to /pol/, faggot

>>28758539
Got my little house in Adelaide. Up 20k in 5 years so far. But I mainly bought it to live in rather than investment anyway. Hoping to make enough crypto gains to knock off the rest of the mortgage.

>>28763410
yeah imagine if victorians were sick cunts and spread the virus around and we were in the same absolute state as europe or burgerland

>>28763606
>Up 20k in 5 years so far.

Kek

>>28758928
>RBA prints money like no tomorrow
not just that, soon it'll be a free for all on super just to kick the can further.

>>28760100
libs and lab are literally the same, but wE lIvE iN a DeMoCrAcY so we get what we fucking deserve

>>28763475
You need to go back
>>28763661
Saving a few oldies while destroying the economy, I mean if they go to the extreme might as well closed the border and not have the tennis opening. The vaccine doesn’t even prevent you from getting corona.

God hates Australia

>>28760239
>$200 btc in kyc wallet
tick

>>28764015
There would literally be no problem with how Aus handled corona if Victoria wasn't such an absolute continuous fuck up. Every other state has dealt with quarantine leakages just fine without prolonged shutdowns, they'd recover fine economically except for the tourist towns.

>>28764017
So do most Australians if we're honest about it

>>28764082
>Austrian....
anon pls kys.

>>28764015
Australia is fucking gliding through this shit, have you paid any attention at all to the rest of the world?

>>28764300
go smash some windows to help the economy ya keynesian moron

>>28764257
I live in a tourist town, it’s never been busier. There isn’t a single house to rent and my real estate agent told me the other day at the last house for sale is now under offer.

Turns out that turning international travel off was the best thing that’s ever happened to the Australian tourism sector.

>>28764015
You Americanised /pol/ NPCs really don't have any original thoughts at all, do you?

>>28765096
You are a bull run lockedown tourist and need to go back

>>28758726
rents are really hard to find all up the coast of NSW, its getting dire

>>28765068
Glad to hear it. It's a pity the borders keeping shutting and putting a damper on domestic tourism though.
I've heard boomers from Vic/NSW are spreading out and buying everywhere else, I just hope the other cities don't end up with prices as retarded as Melb/Syd

>>28765841
It’s not a good thing, I fucking hate tourists clogging up my town. Almost as much as I hate my parasite landlord upping my rent.

This country is fucked.

when is this silly BNPL rally going to end?

if forecasts are right, APT will finally realise a profit this year and will be trading at approx 1000x earnings

>>28766031
why do you live in a tourist town if you hate tourists then?

>>28766031
>>28766236
i feel his pain, i grew up in a small coastal town (that has become very popular over the last few decades) and the tourists are a pain. its even worse now because they would come during the holidays, now they are there all fucking year round

>>28758726
>live in darwin
>borders just opened as i was looking for a new place
>suddenly every open house goes from 1 or 2 people to fucking 50 people showing up
southern niggers need to be put into camps and tortured they are so fucking useless. hopefully they get held up by an abo and knifed to death

>>28765068
we had a fuck tonne of people move in from the north shore. i barely recognise anyone when i go back to where i grew up and visit my folks now

>>28766385
when the weather becomes unbearable they will all fuck off back to where they came from, hopefully lmao

>>28765524
lol im in QLD you dumb cunt, living large.

>>28766501
the gremlins sit inside with the AC on all day then turn around and say 'yeah i gotten used to the climate'

I did some quick calculations and 300k crypto cash out works out to be 43k taxed, obviously thats before your income. Thats 15%, really not that bad.

>>28766739
If you can prove you’ve had it for more than 1 year through buy order receipts on an exchange

>>28758539
yep me 2 Chatswood average house = 4.5 million.

fuck me.

look around the harbour, the are 1000's of waterfront homes going for 20+ M. 50M or some such.

there is no way there are that many CEO's or IB.

We are in full slavery mode here.

YOU can NOT work and make a living/house/eat etc

I look at homless people in the CBD outside of shops and think its rational they are occupying a piece of land (say 2 sqm) worth about 100K.

Smart move.

This guy is prototypical of the problem. Paul UREN
https://www.linkedin.com/in/paul-uren-81470395/


casually lists his house for 18M
https://www.domain.com.au/news/jpmorgans-paul-uren-offers-point-piper-home-for-18m-to-move-to-hong-kong-825983/


Get's a know-nothing 2 year econ degree, disappears for a year or so, works in a meh consultancy as a Biz Anal.

<THEN>

as a 2 year grad

becomes Vice prez citi bank Investing.

ITS CALLED NEPOISIM.

your fucked to b4eva a slave.

I hope you fellas have made a few bucks with the recent crypto run. I know there’s quite a few ausfag linkies about.

>>28766031
Fair enough. It's an issue with population growth and property price pushing the seams open everywhere. People were gonna escape the city eventually.
My parents came from a great little country town, I went back there a few years ago for xmas and it was full of wogs, the pubs were fucked and it needed a new cop station because people wouldn't stop trying to steal the farmers' guns. God knows what can be done about it

Stamp duty cuts for vic I think will cause mass fomo coming into June end, so instead of paying 50k more for a $10k saving hoping to pick something up in Geelong on the cheap EOY for the commute to melb. Uncle is a property developer says they were looking to scale right back but now is booked almost 2 years in advance because of government incentives lol.

Whats the best site to find rentals? Or is it just that fucked and realestate.com is it?

What are some good countries to look at moving to. This shit is beyond a joke. I think I've gotta get out of this shithole.
I've only been to Japan which was nice but I don't know if I'd live there long term.

>>28767468
somehow, it's actually worse out there.

>>28758539
I brought my first home in Altona VIC for 350K (loan ofc) and my neighbours just sold for 1.2m, iv used the equity too buy a few more.

>>28767560
I refuse to accept that the entire world is completely gay and retarded. Japan seemed like a step in the right direction to me and I'm not even a weeb.

>>28767179
I think It's just that fucked

Not sure what you're talking about, I live in a nice part of melbourne and just got my rent reduced.

>>28766864
What about etherscan addresses provided through a tax accountant or something? I know alot of link marines bought on etherdelta a long time ago,

>>28767815
based boomer

>>28767987
pretty sure the cities were the only ones where the rent went down since all of the cityfags moved out

>>28761192
Yeah the 26th of Feb date was in the CHO Directions document. No one is really following the restrictions anyway. He's only just gone and fucked retail and hospitality for a few weeks.

>>28759643
Don't pay for a house outright kek. Homeloans are literally at 2% right now, you don't think you can beat 2% per year in gains?

>>28767950
Japan is unique and is on the way out anyway. Don't go to Europe either, seriously.

>>28758539
Kiwifag here, it dosnt get any better

>>28767950
o travelling then and see for yourself. I've lived in both Germany and the UK and Australia really is the best country in the world despite the moaners on here. If you hate it so much it might be your life and not the country's fault. The only place I'd consider moving to would be perhaps Canada or Washington State, but that would be due to climate preference, not because it's a better country.
>>28768122
Well it's comfy, I reduced my rent by a lot. The fucking real estate retard literally set my rent to $1488

>>28759291
Yep. WA is where its at. South of the river. Still get a house for 300k. Source: mate of mine just bought 3 bedroom 1 bathroom on 700sqm block for 315k like 8 weeks ago.

>>28768306
I've been looking at houses in Hobart. Can still get a decent house for around $300k which should be easy for /biz/nessmen

>>28768122
Im 25 poorfag

>>28768283
damn thats based as fuck

>>28768351
not a bad idea if you can work from home forever

>>28768431

>>28768533
I trade so yeah I work from home for eternity

>>28768533
If you have a payed off house why would you continue to work full time? Literally go semi retired comfy part time mode

>>28768628
where did i imply that anon

>>28758539
Gday m8s, chuck another on the barbie.

>>28767054
>Uncle is a property developer says they were looking to scale right back but now is booked almost 2 years in advance because of government incentives lol.

Property ownership in Australia is literally subsidised by the government to keep it proped up.

Which is funny because home owners tend to be the biggest anti-socialists

>>28768622
are you a based asx trader?

>>28768834
I was at one time but got sick of how boring the ASX is. I sold everything and moved to the US market and immediately, IMMEDIATELY started making massive returns. Like 5 figures a week sometimes. Yeah the ASX is fine for a retirement portfolio, infact it's the best that I know of. Our dividends are incredible. Apart from that it's useless.

>>28768980
howd you start out? i only know the asx and thats it, just do a swing trade here and there atm

>>28769321
Look into Stake, Selfwealth, Schwab, Tastyworks, Interactive Brokers. Join us in /smg/

>>28769422
yeah ive got IB, currently use tradingview (have to pay for live asx data but which is irritating). i used to browse smg when it was known as robinhood general (in 2016) and didnt get into anything. i remember when amd was shilled beyond belief at $5, was insane

>>28766236
I have a very high paying job (not in tourism) and when I moved here tourists were only an issue during school holidays, but since this virus hoax it’s been full to the brim of dumb cunts from Perth getting in my way at the IGA.

>>28769422
what timeframes do you trade over? intraday trading looks FUCKED on the US markets

>>28767992
I would have thought the ATO should accept that. As long as there is a chain that proves you right