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Dear ck.kislay,
You are subscribed to the thread "Real Estate Bubble Set to Burst Again in India" by MANOJa, there have been 1 post(s) to this thread, the last poster was raabta.
https://www.indianrealestateforum.com/forum/city-forums/ncr-real-estate/gurgaon-real-estate/13876-real-estate-bubble-set-to-burst-again-in-india
These following posts were made to the thread:
https://www.indianrealestateforum.com/forum/city-forums/ncr-real-estate/gurgaon-real-estate/13876-real-estate-bubble-set-to-burst-again-in-india
Posted by: raabta
On: September 21 2018 02:46 PM
[QUOTE=GlobeSon;n2624311]The aussie government knows that people are happy when the value of their property goes up. It is a feel good factor for people who love the aussie lifestyle. New land releases are planned such that it will not affect the existing property rates in the neighbourhood. Negative gearing and first home buyer bonus is dished out so that rising property rates are always propped up. Poliltico-RE lobby controls the market, very similar to that in India - only thing is everything is done in a legal manner (which is why they are a "developed" country). Population is increased inorganically through immigration, that way demand for new housing is sustained - while the Aussie standard of living is supported by these new immigrants most of whom come with a bag of their savings from overseas. Unemployment figures don't mean much as most jobs added are low quality, low pay types. [/QUOTE] I agree with the analysis, and thanks for sharing. This approach is clearly not sustainable. How long do you think this approach would last? Soon you would have people crying about job loss, high prices, unable to buy homes etc. Is Australia really growing enough to sustain these immigrants and citizens?
With warm regards,
Team IREF
With warm regards,
Team IREF
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