New ‘real estate’ market has been ‘a virtual death trap’ for the last decade
Real estate is an enormous and growing market.
It is a very lucrative one.
But as of the last financial year, there were only 1.5 million properties in Australia, compared to 3.6 million in London and more than 5 million in Hong Kong.
And despite a boom in the stock market and the growth of the Chinese market, real estate has also become a virtual deathtrap for Australian homeowners.
In many ways, the problem is compounded by a lack of transparency around real estate sales, and what they are actually worth.
The average real estate transaction in Australia is a mere $400,000, according to real estate company REX Australia.
That’s just for one-time sales, of course, but the vast majority of those are on the open market.
And the vast, vast majority are in the hands of someone other than the buyer.
According to the Australian Securities and Investments Commission (ASIC), there are only around 3,000 transactions each year, and those transactions are almost always completed with no disclosure or explanation.
That means that real estate agents, brokers and other property managers are getting paid millions of dollars in commissions for these transactions.
In other words, we’re losing millions of Australians to the real estate bubble.
For some, the bubble has been a blessing in disguise.
As the number of houses has increased, the average price of a property has also gone up, and that has allowed for a lot more of the proceeds to go to the people who bought them.
For many, however, the real-estate bubble has brought about more than a little trouble.
“For the last 10 years, the big houses have had a huge influx of people buying them.
That was just part of the trend,” says David Brierley, the president of the Melbourne Property Institute.
In 2015, the number in the market of detached houses rose from about 30,000 to nearly 40,000.
And for those of us who live in rental housing, the increase has been even greater.
For the past five years, rental house prices have increased by more than 40 per cent, from $2.1 million to $4.5.
A lot of the increase in rental house price is due to the fact that house prices are going up rapidly.
The average house price in Melbourne is now about $1.8 million.
That means that for every $1,000 of real estate investment, the value of the property is worth more than $4,000 in real terms.
But it doesn’t end there.
Brierly says the rental market in Melbourne also has a lot of “gimmicks”.
For instance, he says, if you live in a small town in Melbourne, it might seem that you’ve already built your home, but if you move to the city, the house will probably be more valuable.
Another trick is to sell the property before you’re ready to rent it.
So if you buy it in a market that’s booming, it can still be a great investment if you’re looking for a better rate of return.
What’s more, Brierys company, Real Estate Institute, says there’s also an increase in the amount of money being taken out of the market every year.
It’s been estimated that there are at least 30,700 properties that are on a waiting list to be bought by someone who hasn’t lived in them for a year.
And this figure is only one of a number of ways in which the real economy is being destroyed.
There are many reasons why we’ve gone through this period of economic turmoil.
One is because the real house market is dominated by very wealthy people, like the likes of Mark Zuckerberg, the CEO of Facebook, who are very well connected.
They have a lot at stake in what is going on.
Secondly, it’s been fuelled by a combination of a combination and a consolidation of the housing industry.
There’s a lot less competition for land and land is being bought and sold in the rental sector.
That is an economic cycle that is not sustainable for a country like Australia.
So it’s a combination that is creating a vicious cycle of bubbles and bubbles, with people making huge profits at the expense of everybody else.
Thirdly, there is a lack on the part of most people to really understand what they’re buying.
As we’ve just seen with the realtors, there are a lot fewer options than there used to be.
So the realtor and the buyer are very often in two different worlds, where one is the bubble and the other is the real world.
This is a real problem, because if we don’t understand what we’re buying, it is very difficult to be able to manage that transition.
Now, it may not be a financial crisis that we’re currently in, but it is a serious problem that is going to get worse before it