Migrants speak up: why property prices will drop if immigration stops.

Migrant Doctor My dear readers,

I love when you speak to me. It gives me a clue to what you really think about the stuff that I think (and write) about. One of your latest responses was too good not to share, and I decided to dedicate a post to it.

Migrants are being accused of driving the property prices up

Migrants in Australia I hope you’re sitting down to read this, because you’re in for a shocker.

Personally, reading this article in News.com.au I didn’t know whether to laugh or cry. If you were ever wondering what drives the property prices up, now you have the answer - it’s the wealthy migrants, from Britain, India and China.

How Aussies like their kitchens and bathrooms

Bathroom In 2 words? Bigger and better, that’s how Aussies like their kitchens and bathrooms.

Just to give you an idea of what people are prepared to spend on their kitchens and bathrooms, here is a quote from the HIA report: they predict that the amount spent on renovations and installations of kitchens and bathrooms will hit a record $12 billion by 2012.

The next trend: renovating, not relocating

Painters Lately I had one of my little “AHA!” moments when I understood what 2010 and probably 2011 will be like in the property world. It happened when I read 2 reports - one by Archicentre on renovations and another by HIA on kitchens and bathrooms - and the things they were saying drew me the following picture.

It looks like a large proportion of Aussie population, known as baby-boomers, will be preferring to renovate their homes, as opposed to relocating. This, according to Archicentre, is their new superannuation strategy - a change that was caused by the global financial crisis and it’s consequences for the baby boomers. This looks like a reasonable strategy, especially with the estimated costs of moving being between $50,000 - $60,000 with all the property taxes and expenses added up.

De-cluttering your house quickly to make it look bigger and better

Cluttered house If you still haven’t sold your house, then it means that you’ll need to try harder :)

As promised, this post is about making your house look bigger and better through de-cluttering. With all the tons of “useful” Christmas presents you just got, this post can give you some breathing space.

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