- Joined
- Oct 17, 2024
- Replies
- 11,251
Most definitely. My parents are going to move into my nan's place after putting in extensions and renovating and the previous family home had gone from should be sold to might be sold. Just middle class who worked so hard and have benefited from the market jump but also the annoyance of selling for a bit less.Seems like Fear of missing out has been replaced by fear of paying too much.
People who've owned for years and have a high value property with a viable alternative should take a small hit as they're still way ahead.
Was on the Gold Coast and old mate burning hundreds on roulette was moaning to the dealer about CGT when he bought the place for a Mars bar and chocolate button in 1977.