Homeowners Uncertainty After Property Developer Crisis
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- Опубликовано: 13 сен 2024
- Hundreds of families have been left in limbo for years, paying mortgages for houses they can't live in after property developer Nicheliving won an appeal to keep operating after it was stripped of its registration.
Nicheliving customer Janine Carter joins us.
#Housing #RealEstate #PropertyDevelopment
My aunt passed and I inherited some of her portfolio and cash savings, I’m 28 with about 400k cash in savings and as usual everybody’s preaching invest, so what stocks are a good long term buy, only major purchase I intend to make is buying a home in 5years from my returns
Lucky you, I’d buy a lot of tech stocks and Dividend portfolios with that.
Don’t come to RUclips looking for RUclips advise, instead contact a fiduciary for proper guidance.
I just use RUclips for research purposes, I run all my major investment through an investment adviser, the market is just too unstable to handle things on your own.
How do I reach out to a financial advisor? my portfolio has been struggling since 2022 and I’ve been holding on by the skin of my teeth.
Desiree Ruth Hoffman is her name, browse about-her, you’d find details if you wish to reach out her. I made over 850k last half of the year. Was pretty awesome.
The real estate bubble in Australia needs to burst. Home prices should be more than halved in Australia.
This is what happens when building costs sky rocket over a short period. Another gubment failure.
How is the government responsible for global supply chains? I understand the successive governments since (and including) Howard caused the housing crisis, but a single government of the day can’t be the only one to fix this mess - it’ll take commitments from both sides for future terms to adhere to long term plans and policies to rectify this. A quick fix now will mean mortgage holders will have HUGE mortgages worth way more than their properties, which is not ideal for anybody. 😓
@b-radn2164
Who could've foreseen that shutting down the economy for 2 years would have been a disaster.
It’s not right that consumers have to take on such massive risk. If the Governments of all levels wants to build a lot of houses they must take on more of the risk. Insurer of last resort
Government taxes are yours🤔🤨
If gov take more risk you take more risk=paying taxes 🤔
Don't buy anything, pay less tax where you can. Tax = theft by corrupt self serving entities
45%of the cost of building a house is taxes 🤔 have you gotten half the value of your house back as public services 🤔🤨no
Need to free up zoning laws so we can have the freedom to build multi-tenant buildings when and where there is demand.
There are so many factors that ontributed to the downfall of Niche along with many other builders. The State an Federal Govt medalling in the housing market is a proven problem. Restricted skilled labour access. Flooding the market with $75,000 grants. Expecting an industry at max capacity to build 10,000 more homestead it was able. Fixed price contracts not allowing for material and labour increases. Simple fact, if you priced the job at 20% and there's been 35% increase in cost. You're building for less than cost. But let's blame the builders, it's always their fault
Why would you buy a new house? These stories been going on for years
Where js this project?
this is what happens when property developers own the government.
wrong many devolpers gone bankrupt ! taxes up 20% because of labor carbon tax on a truck & higher fuel excise 5%