[anon]

This article just got me thinking, what are the chances that this spike in irish settlers are going to buy houses?

Spruikers say that our immigration rate is one reason why housing will stay high, but these people have fled an economy that was broken by a housing bubble, so i can't see them looking at Australia's houses and repeating their mistake- can you?

http://www.theage.co...0122-1qc7c.html

[tor]

anon, on 22 January 2012 - 09:59 PM, said:

This article just got me thinking, what are the chances that this spike in irish settlers are going to buy houses?

Spruikers say that our immigration rate is one reason why housing will stay high, but these people have fled an economy that was broken by a housing bubble, so i can't see them looking at Australia's houses and repeating their mistake- can you?

http://www.theage.co...0122-1qc7c.html

They're broke, working construction jobs where the locals can't afford to buy a house and have been bitten by a property crash which had all the same arguments we currently have.

Of course they will buy.

[tom]

I remember posting on GHPC years ago about an irish friend of mine saying how eery it was that Australian media was just like Irelands convincing everyone to buy in before it was too late etc. He said the same stuff happened in Ireland too when they went from constructing 35,000 dwellings a year to 150,000.

This year will be interesting. I don't think it will be as bad as Ireland till our mining cycle turns away form the investment phase.

They certainly think our market is overpriced though the ones I talk too at least. Interesting though that most of the spanish guys I know here think things are cheap which is strange. I guess they are mostly professionals v the irish who are predominantly tradies who have enough common sense to see we have enough land...