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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 GlobeSon.
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: GlobeSon
On: September 20 2018 08:01 PM
[QUOTE=revhappy;n2623903][QUOTE=TruthSeeker1;n2623868]* [url="https://www.indianrealestateforum.com/member/186616-Dkumar12"][b]Dkumar12[/b][/url] [b]"Chinese money is pumping almost all country's property market. I went to Sydney and I heard the same there. I hope property prices cool down by the time I move there. Will plan to buy as early as possible as rent is also very high there."[/b] i would be very surprised if australia does not fall into its worst recession with in the next 2-3 years ... it would be due to its citizens drowing in debt egged on by their stupid central bank... i see every where they blame chinese money but its not the case its their own banks lending to their own peopel that has propped up the prices along with lax immigration, favourable taxation like negetive gearing to keep the housing boom going are to blame... their banks being over exposed to housing .I think about 55-65% credit out standing is towards mortgages... massive RE bust similar to subprime bust in USA is ineveitable for Australia... [/QUOTE]Recession can happen, it is a normal adjustment process after 27 years of no recession in Australia. Nothing to worry about. You are an alarmist. Just like 2008 financial crisis was averted, this one will also be averted. Now central banks have better tools than before. Janet Yellen herself said, we won't see a recession in our generation. So I won't be as worried and alarmist as you. [/QUOTE]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.
With warm regards,
Team IREF
With warm regards,
Team IREF
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