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/biz/ - Business & Finance

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11346487

Australian Super braces for property crash Anonymous Tue Oct 9 20:08:07 2018 No.11346487 [Reply] [Original]

RIP economy

>The nation’s largest super fund, the $140 billion AustralianSuper, has revealed fears of a potential property market plunge, unveiling a contingency plan and warning members it will “freeze” property funds for up to two years in the event of a crisis.

>AustralianSuper from mid-November will prevent members from investing more than 70 per cent of their savings in its property portfolio option, to which investors have flocked in recent years chasing high returns.

>The fund has also changed its rules, giving it the right to freeze any attempts at withdrawing savings from the $1.7bn property option, prohibit the switching of funds out of the option, and stopping any new contributions into the option for a period of up to two years “in exceptional circumstances in response to a market stress event”.

https://www.theaustralian.com.au/business/financial-services/australiansuper-prepares-for-property-collapse/news-story/b21f840c7ab1519d98f73124e72308b7

>>	Anonymous Tue Oct 9 20:10:42 2018 No.11346511 >>11346487 How do i make money in this upcoming downturn? Short big 4 stocks? Someone please respond, my life depends on it

>>	Anonymous Tue Oct 9 20:11:09 2018 No.11346514 there wont be a crash. but best of luck

>>	Anonymous Tue Oct 9 20:11:52 2018 No.11346520 >>11346487 Also a few of the banks stopped people (boomers) from using their smsf to buy investment property.

>>	Anonymous Tue Oct 9 20:24:36 2018 No.11346636 File: 30 KB, 634x351, beavis and butthead.jpg [View same] [iqdb] [saucenao] [google] >>11346511 >>11346520 I'm getting my money out of Australia. >>11346514 https://www.youtube.com/watch?v=hYMiTlZ9iN4&t=37m22s Good luck!

>>

Anonymous Tue Oct 9 20:28:43 2018 No.11346681

>>11346511
Checked
>>11346636
I think being short the Aussie is an astute move. Re shorting the banks - tough to time it right, but, obviously a huge upside if you can. I'd add shorting both Genworth and QBE (the mortgage re-insurers). That may prove more asymmetrically rewarding. So much relies on timing

>>	Anonymous Tue Oct 9 20:36:35 2018 No.11346749 >>11346636 Between that and Australian govt wanting backdoors into all privacy tech (guarantee further economic stagnation and further loss of good quality jobs), it's legit time to leave. Fuck this place.

>>	Anonymous Tue Oct 9 20:37:58 2018 No.11346755 You stupid Aussies got raped by Miners. If Australia is so reliant on mining royalties then why did you faggots let them get away with very low taxes?

>>	Anonymous Tue Oct 9 20:38:00 2018 No.11346756 File: 38 KB, 602x337, main-qimg-cfe789b4f86de5a4b02601e494208e4b-c.jpg [View same] [iqdb] [saucenao] [google] >>11346681 Good advice. >mfw timing all this fraud

>>	Anonymous Tue Oct 9 20:39:15 2018 No.11346766 >>11346755 >implying we have any say in what the chinks do to our beloved country

>>	Anonymous Tue Oct 9 20:41:18 2018 No.11346782 >>11346636 holy fuck that auction was so awkward hahaha Approx 14:50

>>	Anonymous Tue Oct 9 20:42:55 2018 No.11346798 >>11346782 perths housing market has been ruined for a long time. if i could get a job over there id probably do it in a heart beat

>>	Anonymous Tue Oct 9 20:44:58 2018 No.11346819 Buy btc. Even if it doesn't move in price you still make money against the falling aud

>>	Anonymous Tue Oct 9 20:50:54 2018 No.11346873 >>11346520 I worked on a project at NAB that did exactly this. Same project that restricted lending to new apartments. The banks have known for a while that this was coming, but it won’t be Armageddon.

>>	Anonymous Tue Oct 9 20:52:03 2018 No.11346883 >>11346755 100% this. Gina got rich, so did Andrew Forrest. No one else. >time to seize the means of production

>>	Anonymous Tue Oct 9 21:04:14 2018 No.11346966 >>11346883 >tfw unironically support the nationalisation of our resource industry

>>	Anonymous Tue Oct 9 21:32:36 2018 No.11347185 DONT LET THIS MOTHERFUCKING THREAD DIE AUSBROS

>>	Anonymous Tue Oct 9 21:46:47 2018 No.11347276 i think the Australian property market is fine. there are only a few good locations int he entirety of Australia fit to live. in the long term having a nice place with a good view in a centralized neighborhood will pay off.

>>	Anonymous Tue Oct 9 21:47:01 2018 No.11347277 Melbourne and Sydney will be fine, maybe slight weekend dippo

>>	Anonymous Tue Oct 9 21:53:53 2018 No.11347321 Beward the new bail-in regulations Ausbros

>>	Anonymous Tue Oct 9 22:16:19 2018 No.11347489 I will kill Rupert Murdoch and Gina Rinehart

>>	Anonymous Tue Oct 9 22:19:02 2018 No.11347513 >>113472777 They say dippo there? Are australians faggos?

>>	Anonymous Tue Oct 9 23:04:43 2018 No.11347855 >>11347513 >Are australians faggos? Are you just now learning this? Lurk more.

>>	Anonymous Tue Oct 9 23:18:38 2018 No.11347932 >>11346966 Gough Whitlam wanted to do it in the 70s but it seemed a bit expensive and the plan fell through

>>	Anonymous Tue Oct 9 23:22:15 2018 No.11347956 >>11347277 >>11347276 ITT: new home owners or real estate agents saying it's fine bro.. LULLLLLLLL

>>	Anonymous Tue Oct 9 23:25:45 2018 No.11347975 >>11347956 t.poorfag

>>	Anonymous Tue Oct 9 23:34:33 2018 No.11348030 >>11347277 melbourne is going to run out of water in 12 years or something lol, it will become a ghost town

>>	Anonymous Tue Oct 9 23:37:56 2018 No.11348050 >>11347975 bet you bought bitcoin at 20k tardy tardy buys all time high tardy tardy starts to cry market falls and houses crash tardy tardy left with trash Chads like me enter the market at the right time.

>>	Anonymous Tue Oct 9 23:41:10 2018 No.11348076 >>11348050 uh, i mined my bitcoin back in 2013. stay mad though. https://www.blockchain.com/btc/address/1L583LDAunnoksUUu16MqrzpsNK9sbL2Ki

>>	Anonymous Tue Oct 9 23:55:30 2018 No.11348191 File: 47 KB, 501x500, 1486165041345.jpg [View same] [iqdb] [saucenao] [google] >>11348030 de-sal sweetie

>>	Anonymous Wed Oct 10 00:14:28 2018 No.11348327 I own a house in Byron Bay. Give it to me straight, how much will it dip

>>	Anonymous Wed Oct 10 00:21:18 2018 No.11348371 >>11348327 cost of housing and land in aus will always stay above 300-450k at the current cash rate. you'll be fine

>>	Anonymous Wed Oct 10 01:42:19 2018 No.11348883 Currently have 50k hoping for a deposit. I guess I'll just keep putting money away

>>	Anonymous Wed Oct 10 01:50:50 2018 No.11348948 File: 837 KB, 1905x1643, estates.jpg [View same] [iqdb] [saucenao] [google] It's depressing looking around on Google Earth, and you can SEE how new a housing estate is, by how packed together the buildings are.

>>	Anonymous Wed Oct 10 01:51:52 2018 No.11348956 >>11346681 GMA is already cheap however. Better to just short the banks & REA etc. Long SGP for when labor gets in, thank me later ;)

>>	Anonymous Wed Oct 10 01:52:17 2018 No.11348958 >>11348948 thats why you should buy land and we arent in a bubble, faggots

>>

Anonymous Wed Oct 10 01:53:00 2018 No.11348963

Good thing my super goes back into infrastructure and not the property market.

>>11346511
Scoop up what you can from the bottom.

>>11347956
Sydney gets 100k new residents each year and that number is growing rapidly. 40k or less dwellings built a year, no one wants to live on the outskirts. Dont ever expect to be buying property in the city for less than 1m bro.

>>	Anonymous Wed Oct 10 01:53:24 2018 No.11348968 >>11346873 hey dudeskis can i discuss how long the banks have been shoring up for? got an email address? <3

>>	Anonymous Wed Oct 10 01:54:14 2018 No.11348972 >>11346487 How do I, as an american, buy property in australia after the housing collapse? If I can not how do I buy property in canada?

>>	Anonymous Wed Oct 10 01:57:31 2018 No.11348991 File: 795 KB, 261x391, tenor.gif [View same] [iqdb] [saucenao] [google] >>11346487 bring it

>>

Anonymous Wed Oct 10 01:58:13 2018 No.11348994

>>11348972
Buy the listed property groups (SGP, MGR, DXS, AOG). Literally 10 years of 40+% returns if you gear conservatively and sell whenever the PE gets too high or need to rebalance with the trend. AOG is the best buy currently, I hold ~40k worth in AUD.

>>	Anonymous Wed Oct 10 01:58:45 2018 No.11349002 >>11348883 Literally me. Got 50k and waiting. I was told capitulation will be in april next year

>>	Anonymous Wed Oct 10 02:36:35 2018 No.11349218 >>11348327 Every fuck from Syndey still wants to move there and fuck it all up so probably not much, most likely stagnate

>>	Anonymous Wed Oct 10 03:46:53 2018 No.11349600 perth is such a fucking shithole jesus christ. the housing market there is so fucked

>>	Anonymous Wed Oct 10 04:01:18 2018 No.11349687 >>11347276 >>11347277 t. Real Estate shills

>>	Anonymous Wed Oct 10 04:05:00 2018 No.11349716 >>11346511 Switch to USD like the rest of us

>>	Anonymous Wed Oct 10 04:05:34 2018 No.11349722 >>11349218 When the economy & markets crash every sydney-sider will be selling their holiday houses in Byron Bay, I highly doubt it's immune

>>	Anonymous Wed Oct 10 04:06:02 2018 No.11349724 >>11349600 Perth is fuckin comfy tho unless you live in the North of it

>>	Anonymous Wed Oct 10 04:36:49 2018 No.11349883 >>11346756 Being too early is as bad as being too late so be careful

>>	Anonymous Wed Oct 10 05:10:34 2018 No.11350037 >>11348076 Locked out? Lolol

>>	Anonymous Wed Oct 10 07:05:42 2018 No.11350615 keep the thread going goys

>>	Anonymous Wed Oct 10 07:17:55 2018 No.11350688 >>11349600 I'd pay a premium to live away from the east coast too desu

>>	Anonymous Wed Oct 10 07:27:49 2018 No.11350739 >>11348994 jeez m8 when did you buy into AOG? looks like its been getting JUSTed for the last few years

>>	Anonymous Wed Oct 10 07:28:23 2018 No.11350741 Got out of Melbourne 6 years ago. Best thing ive ever done. Place will go the way of san franshitsco in 10 years trust me. Perth is comfy as. Good engineering jobs, decent house prices, best weather in the country by FAR, and fuck all SJWs.

>>	Anonymous Wed Oct 10 07:30:04 2018 No.11350752 how do I survive? t. Uni student in Perth with most of my savings in Crypto

>>

Anonymous Wed Oct 10 07:31:53 2018 No.11350755
File: 163 KB, 392x324, 1461576548810.png [View same] [iqdb] [saucenao] [google]

>>11350741
>Good engineering jobs
>had an interview at woodside last year
>got to the final interview stage (they flew me over and put me up for the night)
>tfw fucked it up

>>	Anonymous Wed Oct 10 07:32:42 2018 No.11350759 the solution is find a nice white country to move to that has good rules against shitskins and other diseases

>>	Anonymous Wed Oct 10 07:33:31 2018 No.11350764 >>11350755 Got high and fucked a Grindr trap all night?

>>	Anonymous Wed Oct 10 07:34:14 2018 No.11350766 >>11350764 wouldve much preferred that t b h

>>	Anonymous Wed Oct 10 08:32:09 2018 No.11351096 >>11350759 Yeah just move to Belarus I am sure everything will be fine. Fucking retard.

>>	Anonymous Wed Oct 10 08:38:17 2018 No.11351122 File: 19 KB, 250x182, BAC28C8F-6FEC-4ECE-8AC0-4211B00E6E2E.jpg [View same] [iqdb] [saucenao] [google] Nobory gibs a flying fuck about you cooks get the fuck out of our board faggots

>>	Anonymous Wed Oct 10 09:28:24 2018 No.11351480 >>11350752 you leave. t. ex perth cunt