Prices shoot up down under

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let me reiterate wrote:

It is common sense that house prices will become over-inflated when immigration levels remain high and there is therefore a shortage of housing and too high a demand for what there is (especially within close proximity to the city, where the only public transport exists).

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Gottaliv wrote:

<quoted text>
Happened in my town as soon as the mines opened up to full production again and more mines were established. The mines provided very little accommodation except for camps, and the workers had to find accommodation in this town and commute on buses supplied by the mines. Never before in the history of this town did anyone have to live in their cars, but it happened and some are still doing that even now. Not the bloody miners of course (imports from other states) they bought up all the available housing. We used to be a very clean beach/country town - now we're a friggin mining town! The mines even wanted to ship the coal through the city (shortest rout) out to the port and council wanted to do it as well - people said NO very loud and clear and we had a win - but only for now. I'm sure it will happen later on.
My unit was bought just as the insanity started, now 2 and 1/2 years later it's valued at $100,000 more. Rates more than doubled and the cost of living went sky high. Traffic has quadrupled, roads can't handle it, and living here is now a nightmare. If I had any brains I'd sell up, buy a caravan and go live out in the bush somewhere! Might happen yet as I've had a gutfull of this city living.

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Sup Cozzy wrote:

<quoted text>. I bet what ever they are mining, they practically give to the Chinese for nothing and charge us double.

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Saint Right Advice wrote:

My investment is in heaven thank god no traffic no miners no price rise.

learned wrote:

<quoted text>You'll never get a return on your investment, I hope you didn't waste much money.

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Gottaliv wrote:

<quoted text>
It's coal, you have no idea what's going on up here because of it. KRudd and Blight have already sold us out because of it - of course to CHINA - where else!!! This gov is raping Qld as fast as they can while they can, people mean nothing to them.

Saint Right Advice wrote:

<quoted text>no money just good deeds.

Gottaliv wrote:

<quoted text>
It's coal, you have no idea what's going on up here because of it. KRudd and Blight have already sold us out because of it - of course to CHINA - where else!!! This gov is raping Qld as fast as they can while they can, people mean nothing to them.

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Saint Right Advice wrote:

My investment is in heaven thank god no traffic no miners no price rise.

let me reiterate wrote:

<quoted text>
The people and the planet mean nothing to them. All that matters is money and the Chinese have big buying power so they do get a good deal, on coal and gas and whatever else we can dig up - and then we buy it back back product from them - it is all so wasteful.

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Lambo wrote:

<quoted text>
...the chinese are just buying a piece of paper...

Saint Right Advice wrote:

My investment is in heaven thank god no traffic no miners no price rise.

Palawa wrote:

<quoted text>
How do you know, ever been there or met anyone who has. Your in for a shock, there's no heaven, it's a bad joke the gullible got sucked into and now can't let it go. But that's typical of primitive minds.
I invested in paradise, no mines, planes, traffic, wall to wall people or religious nutters. During the touro season I live on my boat, when it's winter, I travel Aus by road and play a bit of music. Each year I go to Aus, prices are higher. We now have the highest food prices in the developed world, the least competition and the most imported foods. We also top the list for allowing chemicals, toxins and banned substances to be imported in foods and have the lowest standards of consumer protection and anti competition laws there is.

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Foie Gras Fox wrote:

<quoted text>
The situation can't be as shitty as in Canada.

let me reiterate wrote:

It is common sense that house prices will become over-inflated when immigration levels remain high and there is therefore a shortage of housing and too high a demand for what there is (especially within close proximity to the city, where the only public transport exists).

Palawa wrote:

<quoted text>
How do you know, ever been there or met anyone who has. Your in for a shock, there's no heaven, it's a bad joke the gullible got sucked into and now can't let it go. But that's typical of primitive minds.
I invested in paradise, no mines, planes, traffic, wall to wall people or religious nutters. During the touro season I live on my boat, when it's winter, I travel Aus by road and play a bit of music. Each year I go to Aus, prices are higher. We now have the highest food prices in the developed world, the least competition and the most imported foods. We also top the list for allowing chemicals, toxins and banned substances to be imported in foods and have the lowest standards of consumer protection and anti competition laws there is.

Insight wrote:

<quoted text>
For 10yrs we have know we have been ripped off, and our farmers have also been under cut.
I guess the 'change' is rumbling now, as the govt will have an agenda to bring in Chinese supermarkets with their Chinese GMO food.
First need to deregulate.