Tex - I've been an ardent follower of the Aussie Housing Bubble ever since I realised that as a RN I could never own my own home. My parents managed to do so on one wage that would have been the same as an RN back then. A part of my observations has been the extremely shoddy build quality. Rule of thumb - easy money attracts cowboys also fly-by-nighters. It is my opinion that the Bubble Mc Mansions will sell for land value only in the near future. Bubble McMansion? No thanks
Tex, our fifty year old Queenslander had a housing inspection before we bought it, and the builder, after checking inside the roof space, said "you know, there's enough hardwood joists and framing to make two modern houses...". They sure knew how to make them back then. Look at any housing area after a big storm...new houses unroofed, old QLDers standing strong, maybe a bit of roofing iron missing.
Post a Comment