Should I buy a house now with inflation and construction costs rising?

R

rexsamdonk1ng

New Member
Hey lads, inflation's up — how're you seeing the economy headed, plus construction costs? Crash coming?

I'm in construction in Melbourne (EBA), missus in insurance. House market's a buyer's market right now — best time to buy? Yeah, in this day and age nobodies job's safe. Stressed out.
 
Headline inflation up. Mostly from the increase in fuel costs in March 4.6%. Thanks to the actions of Washington and Tel Aviv. Trimmed Mean Inflation, also known as 'core inflation', was stable at 3.3% from 12 months ago – that's what the RBA predominantly looks at. Not bad, not good, just fairly neutral. It's unbelievable the amount of doom and gloom you read in the media. I can't speak for regional a reas. But you just need to go into any major capital city in the country to see this talk of 'recession' is absolute bollocks. And there's a bunch of reasons that that i won't get into here.
 
I think this is just how things are now. The days of buying an XR8 and SS for 55k are behind us. It's a bit sad, but that's the new road.
 
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