this post was submitted on 31 Jul 2023
41 points (100.0% liked)

Australia

4348 readers
90 users here now

A place to discuss Australia and important Australian issues.

Before you post:

If you're posting anything related to:

If you're posting Australian News (not opinion or discussion pieces) post it to Australian News

Rules

This community is run under the rules of aussie.zone. In addition to those rules:

Banner Photo

Congratulations to @Tau@aussie.zone who had the most upvoted submission to our banner photo competition

Recommended and Related Communities

Be sure to check out and subscribe to our related communities on aussie.zone:

Plus other communities for sport and major cities.

https://aussie.zone/communities

Moderation

Since Kbin doesn't show Lemmy Moderators, I'll list them here. Also note that Kbin does not distinguish moderator comments.

Additionally, we have our instance admins: @lodion@aussie.zone and @Nath@aussie.zone

founded 2 years ago
MODERATORS
lodion@aussie.zone
Fluid@aussie.zone
bestusername@aussie.zone
eatham@aussie.zone
Nath@aussie.zone
41
'We need to sell': Why Australians are ditching homes they bought just a couple of years ago (www.abc.net.au)
submitted 2 years ago by Mountaineer@lemmy.world to c/australia@aussie.zone
22 comments fedilink hide all child comments
you are viewing a single comment's thread
view the rest of the comments
[–] rumckle@aussie.zone 1 points 2 years ago

I agree that we definitely need more supply, but there are a few things that could happen as prices increase, eg people downsizing from large places to smaller places, and people sharing accommodation.

Also, hopefully some people will sell their Air BnBs, increasing the property on the market, they'll probably become Air BnBs again, but maybe it will help with prices.

Again, more supply is needed, and rich investors will probably have a field day, but even if prices don't drop, they should at least stop sky-rocketing.