Browse Forums Building A New House 1 Nov 10, 2016 11:22 pm Hi All , I am looking to buy a new house in Sydney very soon . I was looking for any expert opinion for near future and in the long run the effect of Trump US Policies , China Trade effect with US and that causing effect on Australia . This might not be a specific question but if you had researched or found any valuable information please let me know . There might be many individuals thinking on entering into australian market now or to postpone for some more time to get some idea on the market and the associated effect . Thanks , Regards, SYDSR Re: Trump effect on Australian Property Market and Housing 2Nov 11, 2016 8:34 am SydSR Hi All , I am looking to buy a new house in Sydney very soon . I was looking for any expert opinion for near future and in the long run the effect of Trump US Policies , China Trade effect with US and that causing effect on Australia . This might not be a specific question but if you had researched or found any valuable information please let me know . There might be many individuals thinking on entering into australian market now or to postpone for some more time to get some idea on the market and the associated effect . Thanks , Regards, SYDSR I'm also interested and will be following! Re: Trump effect on Australian Property Market and Housing 3Nov 11, 2016 10:31 am Ya It was nervous watching few blogs .. Some say there might be a negative effect and Some are saying there might be a positive effect. Keeping in money on the house with big amount of loans and not sure if the houses priices will come down (or) go up ... is a big thing to make a decision . Looking for some experts who researched (or) who know the trends (or) who have more details please respond . Thanks. Re: Trump effect on Australian Property Market and Housing 4Nov 11, 2016 12:54 pm Imo anyone that thinks because his in house prices are suddenly going to become affordable is dreaming as i dont see it happening. House prices are always going to remain high and unafordable to most. The growth may not be as massive as what we have seen. But i really dont see pricing ever dropping. Interest rates will always fluctuate but there are alot of banks offering sub 4% fixed rates for a number of years currently. That alone to me shows the banks dont think its going to have any reasonable impact on us. I wouldnt read too much into it its not just going to become a doomsday now that his in. Nows better than later to be getting into the market if you can afford to. Interest rates wont just suddenly skyrocket to unaffordable proportions and if it did just about everyone with a loan would be screwed anyways. Cheers Re: Trump effect on Australian Property Market and Housing 5Nov 11, 2016 6:56 pm ive got mates who.said its going to come down since 07. They now can never afford to buy. 10 years of dead rent money. Youre reading too much into it. Buy as soon as you can within your budget. If you had 10 investment properties different story. Re: Trump effect on Australian Property Market and Housing 6Nov 12, 2016 12:33 pm Specific to trump, he's only going to stay for 4 yrs in the office and a max of 8, if reelected. I don't think realestate markets will be effected either way due to that. Re: Trump effect on Australian Property Market and Housing 7Nov 12, 2016 6:47 pm If you are worried about Trump then you might as well have sleepless nights about aliens. Many have underestimated him because they had their heads so far up theirs they could not see strawberries for $hit. The bottom line like it or not he is phenomenally successful businessman and economically he will run USA like a business. That can only be positive. Basic facts: Money is just paper depreciating at the rate of inflation or more. Real estate is the real deal, appreciating at the rate of inflation or better. So if you don't own real estate you are destined to grow old poor. If you do you will ride rising values and be a lot more comfortable. So do your homework and get into real estate, even if its area you dislike but a stepping stone to the one you do. Foremost Building Expert in Australia,assisting with building problems/disputes, building stage inspections,pre-contract review advice for peace of mind 200 blogs http://www.buildingexpert.net.au/blog Re: Trump effect on Australian Property Market and Housing 8Nov 12, 2016 7:09 pm Fully agree with BE, the distortion of facts very heavily slanted towards mostly left media outlets gives a poor picture , reality is most form opinions on what they read , how many times have we heard , ,housing to crash, but never happens , bar small corrections. Re: Trump effect on Australian Property Market and Housing 9Nov 12, 2016 7:38 pm Too early to tell Build thread viewtopic.php?f=31&t=81011 Re: Trump effect on Australian Property Market and Housing 10Nov 13, 2016 1:33 pm As someone who's had the unfortunate experience of being a little too close to Trump's "phenomenally successful businesses"... if he runs the US like he ran his businesses, then we're all as screwed as the employees, contractors, investors and suppliers that he drove into the ground (disclaimer: I used to work for a company that helped deal with the fallout of his bankruptcies and business failures, of which there are a decent number). Fortunately, not even POTUS has unlimited power to get his own way, and regardless of who's in the Oval Office, in practice much of the US economy is managed by cooler heads with better track records (and not just in Government - in the modern Western world, Government's control of the economy is often greatly overstated). The US has had bad presidents before, and both it and the world have survived. The biggest practical medium-term risk is if he gets into a trade war with China (see his "45% tarriffs on China" comments). Fortunately, since his election he (and some of his team) have been back-peddling on that (and other "election promises" too), so the chances of this happening are significantly less than 100%. Nevertheless, if it does happen, the Chinese will respond in kind - and the Chinese have shown that they don't take half-measures when it comes to this kind of thing. The Chinese Government has already shown itself to be willing and able to provide direct financial stimulus to an extent practically impossible in the US in order to boost an economy that's e.g. being affected by a trade war - and even without that, the balance of trade means that a Sino-US trade war will hurt the US much more than China. What is more relevant to us, though, is the collateral damage such a trade war will cause - a global recession would be a virtual certainty, and could be quite severe (depending upon the length and intensity of the trade war). The US economy would also be hit even harder if, e.g., there were simultaneous trade wars with other nations with significant involvement with the US (e.g. Mexico) - but it should be noted that the US's share of international GDP is falling as other countries (especially East Asia) pick up, so a crashing US economy won't in itself be the global disaster it once was. Fortunately, Australia is fairly well-placed to be able to ride out the storm much better than many other Western nations (not least due to our ties with Asia while retaining a "foot in both camps" - effectively hedging our exposure to both Asia and the West), and I don't think that we'd see a fundamental crash in real estate outside of Sydney, Melbourne and Brisbane (although a short-to-medium term moderate correction followed by stagnation is a very plausible outcome). Sydney (and to a lesser extent Melbourne) real estate, though, would have to be considered much more vulnerable to an international recession than in the rest of the country. In the long run, not much of this will matter. The world has been through plenty worse situations before. Good times come and go, bad times come and go, periods of growth are followed by periods of adjustment. The only question is exactly what time frame you mean when you talk about 'long run". Re: Trump effect on Australian Property Market and Housing 11Nov 13, 2016 1:55 pm I'm not too worried about it. I don't think his being elected is the biggest issue facing the housing industry in Australia. All I know is.. if I had another deposit saved up, I'd be buying more land... as it is I'm always glad I bought when I did because things have only gotten more expensive. I paid $152k for 294m2, and 180k for 16 sq house. To buy the same house and land over I'd be look at about... 180k for the land and maybe 200k for the house.. it just keeps getting more expensive. But at least I will have a roof over my head... investing in housing is a whole other story.. Re: Trump effect on Australian Property Market and Housing 12Nov 13, 2016 2:19 pm algernon As someone who's had the unfortunate experience of being a little too close to Trump's "phenomenally successful businesses"... if he runs the US like he ran his businesses, then we're all as screwed as the employees, contractors, investors and suppliers that he drove into the ground (disclaimer: I used to work for a company that helped deal with the fallout of his bankruptcies and business failures, of which there are a decent number). Fortunately, not even POTUS has unlimited power to get his own way, and regardless of who's in the Oval Office, in practice much of the US economy is managed by cooler heads with better track records (and not just in Government - in the modern Western world, Government's control of the economy is often greatly overstated). The US has had bad presidents before, and both it and the world have survived. The biggest practical medium-term risk is if he gets into a trade war with China (see his "45% tarriffs on China" comments). Fortunately, since his election he (and some of his team) have been back-peddling on that (and other "election promises" too), so the chances of this happening are significantly less than 100%. Nevertheless, if it does happen, the Chinese will respond in kind - and the Chinese have shown that they don't take half-measures when it comes to this kind of thing. The Chinese Government has already shown itself to be willing and able to provide direct financial stimulus to an extent practically impossible in the US in order to boost an economy that's e.g. being affected by a trade war - and even without that, the balance of trade means that a Sino-US trade war will hurt the US much more than China. What is more relevant to us, though, is the collateral damage such a trade war will cause - a global recession would be a virtual certainty, and could be quite severe (depending upon the length and intensity of the trade war). The US economy would also be hit even harder if, e.g., there were simultaneous trade wars with other nations with significant involvement with the US (e.g. Mexico) - but it should be noted that the US's share of international GDP is falling as other countries (especially East Asia) pick up, so a crashing US economy won't in itself be the global disaster it once was. Fortunately, Australia is fairly well-placed to be able to ride out the storm much better than many other Western nations (not least due to our ties with Asia while retaining a "foot in both camps" - effectively hedging our exposure to both Asia and the West), and I don't think that we'd see a fundamental crash in real estate outside of Sydney, Melbourne and Brisbane (although a short-to-medium term moderate correction followed by stagnation is a very plausible outcome). Sydney (and to a lesser extent Melbourne) real estate, though, would have to be considered much more vulnerable to an international recession than in the rest of the country. In the long run, not much of this will matter. The world has been through plenty worse situations before. Good times come and go, bad times come and go, periods of growth are followed by periods of adjustment. The only question is exactly what time frame you mean when you talk about 'long run". Great input,thank you for that. Foremost Building Expert in Australia,assisting with building problems/disputes, building stage inspections,pre-contract review advice for peace of mind 200 blogs http://www.buildingexpert.net.au/blog Re: Trump effect on Australian Property Market and Housing 13Nov 13, 2016 5:38 pm Many large and successful businesses have got there whilst leaving behind a roadkill of other companies and contractors. Business is brutal, it happens because it can. Look what Apple did to blackberry and nokia, I am not condoning it's just the way it is, business is war, life is war. It's either you or the other guy. I don't know if Trump is better or worse than the others but he survived and prospered. As I am writing this there are many contractors and tradies $crewed right here in Australia by big builders or head contractors. Have you read about SPC? All the same I think Americans did not want president that kisses everyones a$$ Foremost Building Expert in Australia,assisting with building problems/disputes, building stage inspections,pre-contract review advice for peace of mind 200 blogs http://www.buildingexpert.net.au/blog Re: Trump effect on Australian Property Market and Housing 14Nov 13, 2016 8:18 pm HI All , Thanks for the info . It helps people like me who are trying to buy first house in Australia and Pros and Cons . Thanks for all the expert people for replying . What is SPC Buidling Expert ? Regards, Sasi. Re: Trump effect on Australian Property Market and Housing 15Nov 13, 2016 8:29 pm SydSR HI All , Thanks for the info . It helps people like me who are trying to buy first house in Australia and Pros and Cons . Thanks for all the expert people for replying . What is SPC Buidling Expert ? Regards, Sasi. google it Foremost Building Expert in Australia,assisting with building problems/disputes, building stage inspections,pre-contract review advice for peace of mind 200 blogs http://www.buildingexpert.net.au/blog Re: Trump effect on Australian Property Market and Housing 16Nov 13, 2016 9:30 pm SPC Ardmona is a large fruit-packing company in Australia that went through some difficult times (including factory closures) a few years ago, and which just recently has lost a major contract to supply Woolworths - pain times ahead again. In the ordinary course of a free market, businesses go under all the time - and usually it's a good thing in the long term, as less-efficient businesses are replaced/out-competed by more efficient ones (of course, in the short term, there can be unpleasant effects on employees/suppliers etc.). However, some business owners go beyond 'just business' and engage in personal vendettas, abusing their economic power to deliberately inflict harm on others. When even major Wall Street banks shy away from doing business with you due to your behaviour, you're surely doing something wrong.... There's some claim that Trump is a poor businessman whose business empire has underperformed the market. I disagree with this - you can demonstrate this case only by cherry-picking specific dates. Since he started in 1974, Trump HAS accumulated wealth above the long-term S&P 500 average. What Trump ISN'T, though, is a 'broadly' successful businessman. What he's best at is being a brand - put (perhaps overly) simply, he puts his name on work others have done. To be clear, I don't begrudge him that - it's done very well for him, and has been a successful business strategy (mostly - but all businesses have their ups-and-downs). He definitely has a talent for real estate - but has almost universally failed to achieve success in other industries, despite multiple attempts. Casinos, magazines, airlines, foods, sporting teams, clothing, even perfume - he's tried them all (and more), but hasn't been able to get a winner out of any of them, despite his financial resources. So it's best to be cautious about saying that as a successful businessman he'll make the US more 'businesslike' - quite apart from what POTUS can and cannot do, Trump simply doesn't have the successful broad business background that you'd want to see before making such claims. I'm not saying that Trump definitely WON'T make the US better as a business - but I don't believe that he has the business background to make it a realistic probability (now if someone like Jack Welch or Warren Buffet were to step up...) Hi All, see above image. The required setback from the rear boundary in my case is 5m, as you can see the shape of the site and location of the boundary is slightly… 0 8431 CDC Housing Code 3 When to apply Floor Area external face of wall vs Gross Floor Area internal face of wall. Reading thru CDC Housing Code 3, lets take a lot 915sqm.… 0 16535 I am not based in Victoria however i had a quick look into your question to understand what you were asking. The way I read the regulations, overshadowing relates to the… 1 2217 |