http://www.theage.com.au/articles/2004/07/09/1089000352017.html?from=top5
Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
Yes I read this article and the other ones surrounding it.
It only confirms that prices are overstated and cannot be sustained at this level. The other articles are now saying there is a great divide in wealth in Australia between those that own and do not own property. ie. those that own and those that rent.
The big question to me is – will govt intervene?
yack I don’t see how you concluded that from this article? my conclusion was that if you work hard and get into property you can do very well for yourself and that you should be looking to the next cycle.
Extensive list of ‘Off The Plan’ property available for sale in Perth.John – 0419 198 856
Ausprop,
I think Yack was referring to this:
The boom and how it’s affected wealth distribution in Australia:
http://www.theage.com.au/articles/2004/07/09/1089000352014.html
And this one:
http://theage.com.au/articles/2004/07/09/1089000355575.html
kay henry
Here’s a CGT article, showing the influence the 50% CGT Rule has had on the market since 1999:
http://theage.com.au/articles/2004/07/09/1089000355578.html
kay henry
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