Mate here in Yamba I’ve never seen so many people living in vans, I say slow the immigration and supply our own people with houses first, you always bang the property prices up
I noticed they are trying to kick people out of WA capital Perth to die in the desserts. Homeless rely on cool places during the day. Absolutely lethal staying in a van with no a/c and minimal shade.
I have been travelling around Australian for the last year. So many people living in their cars at free camps. I remember one family living in a tent and the school bus picking the kids up for school. Labour needs to slow the immigration to help everyone. Shame on you Labour (Government for the worker ? )
Housing crisis? What housing crisis? We've got a ghetto crisis. We keep building inferior buildings on the fringes of nowhere without a second thought about infrastructure. We don't think about the droughts that we've faced, we don't think about electricity production, and in Victoria, we've even banned natural gas as a fuel in new builds. Wonderful. We don't build schools to go with the houses, we don't build trainlines or tram lines. We don't build shopping strips or industrial estates. Sportsgrounds, pubs, boat ramps...forget it. Just houses. Not even a corner shop. Remember those? The list goes on and on and on. We are building Australia into a third world ghetto corner that it will never escape from. We have a population crisis and an economy that is overdependent on the housing sector crisis. But hey, just shoot the messenger.
Well said. We build new suburbs with a housing-first mentality because hOuSe PriCeS aLwAyS gO Up AnD HoUsEs ArE tHe BeSt WaY to iNvEst!1!1!!! It's f*cking ridiculous and stupid. Utter stupidity beyond belief.
@@rocky365ful Well, not really, people are not building due to the fact they have no money, so to a degree that's going to affect property prices as well. I find it strange that pundits like this guy, cannot see this basic fact. I suppose letting rich immigrants in to keep buying houses is one way to keep the house prices up, but I don't think that's a politically good path.
So, when you use the word domestic are you referring to residential construction. If so, what sector are you in, multi-unit, townhouse, or stand-alone detached housing?
If you are right, it’s only going to be Blackrock, Blackstone and wealthy Chinese buying. We will all be renters. Most young Australians will be choosing food over a mortgage and staying home with their parents in their childhood-bedroom decorated with framed useless degrees. Commodification of a roof over a family’s head is a disaster. I wouldn’t be celebrating as a ‘property invester’. I’d be keeping quiet so no one comes for me with a pitchfork when they have nothing left to lose. You are only succeeding because you were born earlier than the people who can’t afford a home. You weren’t more clever. The solution is one house per person and ban AirBnB. No one will do it because politicians have real estate portfolios. It’s corruption and deception. I feel sorry for young Australians. But you will have your time. You just need to be patient. The Ponzi scheme of money printing will eventually die. Give your mum a hug. She didn’t expect to be parenting this long!!!!!
So true. Alot of young academics are leaving Australia as living standards and housing costs are out of control. Why would they stay in Australia to create the next innovative industry when they will never afford a home and live in shit rental conditions, eg no rights. Europe, Asia and the US have far better opportunities for these people. Buy a shovel as our only future income will come from holes or houses.
There's plenty of affordable housing in country towns, but if you insist on living in expensive cities, you have to accept the consequences of your choices. Whingeing about how tough your life is in the youtube comments isn't going to change anything, you have to take action. UA-cam is also rife with experts predicting an imminent and massive market crash, so save as much money as you can and be prepared to take advantage of substantially lower prices when everyone's panicking. Also, housing has been a commodity since people started building homes, it will never change.
I agree 100% with you but I'm. Afraid the game is rigged at this point mums and dads and small investors are playing the honest game of positive growth and return. But the big investment firms have endless capital and no need to balance there liabilities. It has become standard for big business to operate without profits so what will stop them buying all the physical assets for worthless paper debt. If the markets collapse these corporations ask for more endless credit and buy the remaining supply. After Witch they drive supply down and costs up so they can recover there initial investment. They have free is discounted money and we have 7-8% loans. Buy and hold onto your property for dear life. These big companies will stay afloat long after every citizen is living on the street.
Immigration. John Howard brought in 340,000 annually (equal to a city like Newcastle every year) and mostly every other Liberal leader did the same, except for that 2 year period of c-ovid. And now labor is bringing in over 450,000 annually. Before Howard got into office, Australians were complaining at 80,000 annually and wanted a reduction. [I have a long memory]. Halt immigration and prices will settle, then Australians can once again buy houses for our families.
I have a long memory too and you're correct. When I say to people today that Australia could sustain only 80K immigrants per year, keeping up with infrastructure and so forth they look at me with a blank stare. They don't even remember or know when we were that low in immigration and even then there was a strain in certain sectors but overall we could keep up. Now, its like filling an Olympic sized swimming pool with 100k people. Doesn't work. However just halting immigration won't be enough. It would take 20 years to return to "normal". Culling of all non priority grubberment spending needs to stop. This includes the green fantasy, immigrants on welfare, indigenous on welfare, anyone on welfare that can work, overseas investment highly regulated, useless/criminal non citizens pissed off back to from whence they came, tax reduced, stamp duty pissed off, vehicle registration lowered, natural resources such as oil, gas and coal production ramped right up, energy independence is achievable and ideal we could export our excess and we have hundreds of years worth and the list goes on. But, never going to happen. Too busy selling us out to the UN and wokedom.
@InvestmentRiseTV I have some notes... 1) in the land of Oz, employment figures are hollow as they count anyone working 1 hour a week as employed & 1 person working 2 jobs as 2 people working, so that means TRUE unemployment rate is closer to 9%. 2) you haven't taken into account the 1 million empty homes in the 2021 census. 3) a large percentage of the migrant visas being issued are for students, graduates & menial jobs -- not exactly the kind of people who can afford $912k for a house. 4) Aussie $ is really weak now, so the RBA will be forced to go to 4.35% on Melbourne Cup day & they'll say it's to keep Xmas spending "...within reasonable limits...". 5) the fixed rate cliff shockwave takes months to hit, so I'd brace myself if I were you. To sumarise; the Oz housing market is a dyke full of holes. Your thoughts?
Says a lender that thought it a great idea to give themselves 70% exposure to residential property. And there is no shortage of residential property in this country. It's all BS. There is a lack of property(supply) available to investors and the upper end of the market and a lack of cheap supply available to first home buyers. We just came out of a decade and a half of massive over building. The problem is that the supply from that building has gone into either short term rental market, OR is sitting idle, owned by overseas investors.
Wait and see what transpires when continued rising rates and a crashing Chinese economy begins to free up that supply from those two groups. At every top and every bottom, of all markets, whether that be stocks, bonds or real estate, investors always think the top or the bottom will never come and that the trend will go on forever.
The real estate market is contributing good income for the gov. Once it is up, no one wants the price to go down. the price to go down. When the interest rate goes up, naturally the price should go down; but bringing more migrants, the price can be kept steady OR still growing.....home for a middle class will remain as a dream.....
There needs to be more clarity and statistics on exactly the entities and people buying so much driving this. Home ownership in age brackets that matter moving forward are on the decline for some time now. That couples together to paint a picture that extreme wealth in limited hands and entities is driving this to a degree. More need to really know the depths as it's badly impacting so many now.
Driven by capital cities and very poor strategy around rural town development, rural employment , poor rural infrastucture. What has the government done to address the building disaster?
So you are agreeing there is strong demand and low supply. That seems like a good reason for prices to rise to me. Where is the real pain you are talking about apart from a few over-leveraged home owners ?
Deregulation of alternative housing would be great for lower income earners or others who want to have some sort of decent life as well as home ownership. 3D printed, kit homes, etc.
Same happened in the EU in the 1950s houses and land did not sell. What happened? 3 story houses 😊 on 1 block banks stagnated, and councils were abolished due to a system that just didn’t work. Hopefully Oz will change faster than the Labour Party can wake up and see the catastrophe Oz is in.
Just remember the conservatives were in power who created the fundamentals for a total financial catastrophe due to their abhorrent greed . They WANT to create classes of people in this country and have a small percentage of the population controlling 85% or greater of the total wealth. This has to be STOPPED !!!
Make no mistake, Australia is screwed. We will only see declining living standards, and it will not be long before we are a second world country at best. Successive governments seem hell bent on Asiainising Australia not just in population and culture, but in living standards. Our governments have failed us to the point (philosophically at least) of treason as they prioritise cheap foreign labour over the well being of Australians. This country needs a revolution.
Very little manufacturing left, we are a coffee and housing economy. Just hope you don’t lost your superannuation or you will be screwed, but won’t make any difference in a hyperinflation event
I tell family the same thing, and for numerous reasons all the signs are there. I suspect Aussies are like the frog being boiled slowly, they are unaware, there will be no revolutions here.
@@johnwalsh3520 check out the “economic complexity” rankings. We’re 93rd….. yes 93rd…. Out of 133 countries….. just behind Uganda. But don’t worry, we come in one place ahead of Pakistan!!!! Aussie aussie aussieeeee 🙄
When you have woman & children sleeping in cars on the street and people working 2/3 jobs to stay afloat there is something wrong. Same situation in the UK. What gets me is the government doing nothing to help matters, watching it manifest and all the while banging on about something virtuous like the voice. Look how kind we are, look at our empathy and compassion. Don’t you feel lucky to have us watching over you?
What the Consumer Arrears graph actually shows is that people who are struggling don't have mortgages. They are renting, and they have personal loans, probably for cars, not mortgages.
I brought in July and I won the auction with 70k more then saburb median. How I made a mistake? That's how I feel. Yes the home has some renovations done. I brought in Melbourne north west
Just look at market sentiment. Everyone is bullish on property and think it’s going to go up forever. So It’s time to be worried and stay on the sideline. You need to think rationally and not based on hope that your asset will grow. Export are dropping, commodity prices are dropping. This will trigger a slow down of the economy hence property price drop. Quantitative people won’t last forever. People will soon realise that they would a better life not coming to Australia. We will turn to over supply soon. I don’t see why prices needs to go up forever.
Real estate investment in Australia is a mug's game. Why? Because prices are so high that you spend an increasing amount of your energy and time to pay them off. To break even on a real estate investment paying a mortgage of say 6% , you would need a capital gain of at least 10 % to cover all associated costs. Right now, anyone paying 6% on a mortgage is falling 11% behind a someone getting 5% on their capital in the bank on a term deposit. And that doesn't even account for all the extra increasing costs associated with home ownership.
So funny, after reading a report throughout the whole video, the conclusion is CBA is wrong all the time. 😅😅. Thank you for the very informative video. 😅😅
To the Australian people buy a block of land and biuld your dream home or live in a shed until you can afford to biuld, living off the land is the best way to live for a start you can grow your own food and raise some stock your meat and chooks for eggs and have a roast chook and get a sheep and a few cows and get a milking cow and a few pigs so you can have a roast pork , Also you so you can go solar for power supply and have a wood stove and wood hot water system ( it's called off grid living) a real money saver ,
I dont think it will rise. People are over spent and not many left with money to spend on the overprices properties, unless youre a boomer. Theres also recession, china not doing well which will affect australia economy and jobs. Also lets see how bushfires will go this year, this will prevent people from overseas want to come to australia. And its only going to get worst. If gov come up with another "help people buy property" buy giving free money, or allowing them to use super or no stamp duty, these things bring price up because people use that extra money as an extra to throw into a property.
Buying a house used to be somewhere to kick back one day and relax now it's a full bottle business venture with every aspect nutted out before purchasing
Your calculations and hypothesis about the housing market appear to made in a bubble that completely disregards the actual insane costs of living in this country. My point is that even if a real estate investment nets a positive capital gain of say 4% year on year, the investor will pay through the nose to live with inflation raging on all other goods and services concurrently.
@newlife8318 hi, I have noticed your comment replies and the correct information you provide them. Could you please start a youtube channel, new home owners like us need your help understanding and disect what these experts talk about. I brought this house as my current rents are going, and the property agents want to kick us out to give this to someone else for twice what we pay now.
One sided, what do you think the reserve bank will do with hundreds of thousands of imagrants flooding the market in rents food property electricity. Rates will rise bang pop
The largest crisis in Australian history, and a chunk of the population (home owners), are celebrating because prices continue to rocket upwards. The gym i go to (in Perth) - 6 years ago, 0 car dwellers, now 4-5 a night when I rock up there at 10pm. Depressing AF.
it grossly ignores the economic climent. So I would disagree with it. No one is building as we are heading into a recession, and they don't have the money to build. As such, they don't have the money to buy. Prices should be going down. But yes, letting in rich immigrants to keep the house prices up is a path, that will also lead to the biggest disaster in living memory with tent cities and people living in cars at levels unimaginable. So. take that info in and consider what is likely to happen with this government policy that is keeping house prices up at any cost.
There speaks brain-dead monetarism! If the supply and demand for land were in balance, people wouldn't be using credit from the bank in record amounts.
Not a chance in hell of that happening, nowhere in Australia would, that happen, there's too many people coming here and there's literally no supply. The new immigrants may have to bring a tent tho.. Good luck everyone.. Property inflation is going to be good and healthy well into the future.
This is the type of thing that racism stems from, I’m not in any way shape or form biased towards certain races, I have friends that come from many different backgrounds that are lovely people, but when you have major banks acknowledging that it’s a case of increased immigration - population growth, you’re effectively creating institutionalised racism and that’s a dangerous thing to be doing in a cost of living crisis, our government are so incredibly lost, they are creating this problem, it’s ridiculous, Liberal or Labor it doesn’t seem to matter these days. - fantastic content
Cry me a river your argument is fallacious. Is Japan racist for only having a 3% migrant population? Multi-culturalism doesn't work. Culture and race are two different things. Immigration is useful, sometimes needed but when too many are let in and live in their own secluded communities, forcing their host countries to accept their beliefs and culture, then we have a problem. If I want to go and live in another country I would assimilate to their way of life whilst keeping my own identity alive and respectful. We are importing people with destructive, non compliant cultures, attitudes and beliefs, who hate us and our values. This is what is truly dangerous, not your perceived virtue signaling notion of institutionalised racism. Try again.
I’m hoping so too, but how would a recession affect property prices when there is the evident supply crisis that will keep property prices high due to the massive demand, especially with the migrants coming in. Do you think this recession will truly bring down prices as interest rates couldn’t?
@@AminZilevo property won’t come down. Don’t kid yourself and delay the purchase hoping. Buy in another state that matches your income levels so that the property ladder isn’t running away with your financial life
wrong, as soon as they crash, the rich will come in to buy it all up cheap. People will lose their homes and the prices will rise again..due to being all purchased up cheaper. Also the next plandemik that the sheeple cannot even see.
@@AminZilevo Interest rate rise reduce future demand for new property, when the construction pipeline runs dry you get job losses which leads to recession and home defaults. It typically takes 18 months.
Property prices in 2024 will explode because with more migrants and less new properties on the market , housing prices will just keep growing. What is changing is what people are buying! Your 2million dollar buyers will be moving to 1.4 million dollar properties and your 1 million dollar buyers will be looking at 800k options hence apartments inner city will explode like diarrhoea 😂
Bro, you are just copying content from Ravi Sharma and myself. I’ve had like 20 people DM me about various videos where you’re just copying insights, thumbnails concepts, titles etc etc
Mate here in Yamba I’ve never seen so many people living in vans, I say slow the immigration and supply our own people with houses first, you always bang the property prices up
I noticed they are trying to kick people out of WA capital Perth to die in the desserts. Homeless rely on cool places during the day. Absolutely lethal staying in a van with no a/c and minimal shade.
I have been travelling around Australian for the last year. So many people living in their cars at free camps. I remember one family living in a tent and the school bus picking the kids up for school. Labour needs to slow the immigration to help everyone. Shame on you Labour (Government for the worker ? )
Housing crisis? What housing crisis? We've got a ghetto crisis. We keep building inferior buildings on the fringes of nowhere without a second thought about infrastructure. We don't think about the droughts that we've faced, we don't think about electricity production, and in Victoria, we've even banned natural gas as a fuel in new builds. Wonderful.
We don't build schools to go with the houses, we don't build trainlines or tram lines. We don't build shopping strips or industrial estates. Sportsgrounds, pubs, boat ramps...forget it. Just houses. Not even a corner shop. Remember those? The list goes on and on and on.
We are building Australia into a third world ghetto corner that it will never escape from. We have a population crisis and an economy that is overdependent on the housing sector crisis.
But hey, just shoot the messenger.
Well said. We build new suburbs with a housing-first mentality because hOuSe PriCeS aLwAyS gO Up AnD HoUsEs ArE tHe BeSt WaY to iNvEst!1!1!!! It's f*cking ridiculous and stupid. Utter stupidity beyond belief.
I work for a national construction company and our domestic work has never been so dead, currently it is far worse then the GFC.
Thanks for sharing the industry intel. Doesn’t This means new constructions are at the lowest point and housing shortage will continue to soar?
Thank you. Lots of challenges in the construction industry, that's for sure
Seems that way
@@rocky365ful Well, not really, people are not building due to the fact they have no money, so to a degree that's going to affect property prices as well. I find it strange that pundits like this guy, cannot see this basic fact. I suppose letting rich immigrants in to keep buying houses is one way to keep the house prices up, but I don't think that's a politically good path.
So, when you use the word domestic are you referring to residential construction. If so, what sector are you in, multi-unit, townhouse, or stand-alone detached housing?
If you are right, it’s only going to be Blackrock, Blackstone and wealthy Chinese buying. We will all be renters. Most young Australians will be choosing food over a mortgage and staying home with their parents in their childhood-bedroom decorated with framed useless degrees. Commodification of a roof over a family’s head is a disaster. I wouldn’t be celebrating as a ‘property invester’. I’d be keeping quiet so no one comes for me with a pitchfork when they have nothing left to lose. You are only succeeding because you were born earlier than the people who can’t afford a home. You weren’t more clever. The solution is one house per person and ban AirBnB. No one will do it because politicians have real estate portfolios. It’s corruption and deception. I feel sorry for young Australians. But you will have your time. You just need to be patient. The Ponzi scheme of money printing will eventually die. Give your mum a hug. She didn’t expect to be parenting this long!!!!!
So true.
Alot of young academics are leaving Australia as living standards and housing costs are out of control.
Why would they stay in Australia to create the next innovative industry when they will never afford a home and live in shit rental conditions, eg no rights.
Europe, Asia and the US have far better opportunities for these people.
Buy a shovel as our only future income will come from holes or houses.
I feel the same..
There's plenty of affordable housing in country towns, but if you insist on living in expensive cities, you have to accept the consequences of your choices. Whingeing about how tough your life is in the youtube comments isn't going to change anything, you have to take action. UA-cam is also rife with experts predicting an imminent and massive market crash, so save as much money as you can and be prepared to take advantage of substantially lower prices when everyone's panicking. Also, housing has been a commodity since people started building homes, it will never change.
I agree 100% with you but I'm. Afraid the game is rigged at this point mums and dads and small investors are playing the honest game of positive growth and return. But the big investment firms have endless capital and no need to balance there liabilities. It has become standard for big business to operate without profits so what will stop them buying all the physical assets for worthless paper debt. If the markets collapse these corporations ask for more endless credit and buy the remaining supply. After Witch they drive supply down and costs up so they can recover there initial investment. They have free is discounted money and we have 7-8% loans. Buy and hold onto your property for dear life. These big companies will stay afloat long after every citizen is living on the street.
Hit the nail on the head @sandyfoot
Immigration. John Howard brought in 340,000 annually (equal to a city like Newcastle every year) and mostly every other Liberal leader did the same, except for that 2 year period of c-ovid. And now labor is bringing in over 450,000 annually. Before Howard got into office, Australians were complaining at 80,000 annually and wanted a reduction. [I have a long memory]. Halt immigration and prices will settle, then Australians can once again buy houses for our families.
I have a long memory too and you're correct. When I say to people today that Australia could sustain only 80K immigrants per year, keeping up with infrastructure and so forth they look at me with a blank stare. They don't even remember or know when we were that low in immigration and even then there was a strain in certain sectors but overall we could keep up. Now, its like filling an Olympic sized swimming pool with 100k people. Doesn't work. However just halting immigration won't be enough. It would take 20 years to return to "normal". Culling of all non priority grubberment spending needs to stop. This includes the green fantasy, immigrants on welfare, indigenous on welfare, anyone on welfare that can work, overseas investment highly regulated, useless/criminal non citizens pissed off back to from whence they came, tax reduced, stamp duty pissed off, vehicle registration lowered, natural resources such as oil, gas and coal production ramped right up, energy independence is achievable and ideal we could export our excess and we have hundreds of years worth and the list goes on. But, never going to happen. Too busy selling us out to the UN and wokedom.
Existing homes were built to a better quality than the homes built in the last decade or so.
@InvestmentRiseTV I have some notes... 1) in the land of Oz, employment figures are hollow as they count anyone working 1 hour a week as employed & 1 person working 2 jobs as 2 people working, so that means TRUE unemployment rate is closer to 9%. 2) you haven't taken into account the 1 million empty homes in the 2021 census. 3) a large percentage of the migrant visas being issued are for students, graduates & menial jobs -- not exactly the kind of people who can afford $912k for a house. 4) Aussie $ is really weak now, so the RBA will be forced to go to 4.35% on Melbourne Cup day & they'll say it's to keep Xmas spending "...within reasonable limits...". 5) the fixed rate cliff shockwave takes months to hit, so I'd brace myself if I were you. To sumarise; the Oz housing market is a dyke full of holes. Your thoughts?
Says a lender that thought it a great idea to give themselves 70% exposure to residential property. And there is no shortage of residential property in this country. It's all BS. There is a lack of property(supply) available to investors and the upper end of the market and a lack of cheap supply available to first home buyers.
We just came out of a decade and a half of massive over building. The problem is that the supply from that building has gone into either short term rental market, OR is sitting idle, owned by overseas investors.
Wait and see what transpires when continued rising rates and a crashing Chinese economy begins to free up that supply from those two groups.
At every top and every bottom, of all markets, whether that be stocks, bonds or real estate, investors always think the top or the bottom will never come and that the trend will go on forever.
@@addictiveaussiei’d like to agree with u but can’t see rates increasing from here
The real estate market is contributing good income for the gov. Once it is up, no one wants the price to go down. the price to go down. When the interest rate goes up, naturally the price should go down; but bringing more migrants, the price can be kept steady OR still growing.....home for a middle class will remain as a dream.....
There needs to be more clarity and statistics on exactly the entities and people buying so much driving this. Home ownership in age brackets that matter moving forward are on the decline for some time now. That couples together to paint a picture that extreme wealth in limited hands and entities is driving this to a degree. More need to really know the depths as it's badly impacting so many now.
Driven by capital cities and very poor strategy around rural town development, rural employment , poor rural infrastucture. What has the government done to address the building disaster?
Probably nothing
Sorry mate but the pain is yet to come . The only thing keeping the property market up is immigration and lack of supply .
So you are agreeing there is strong demand and low supply. That seems like a good reason for prices to rise to me. Where is the real pain you are talking about apart from a few over-leveraged home owners ?
You live i a bubble if you can’t see how many people are struggling. Also if you compare what people are earning they cannot service these loans .
And immigration is going to change sometime 2000 and never!
Deregulation of alternative housing would be great for lower income earners or others who want to have some sort of decent life as well as home ownership. 3D printed, kit homes, etc.
Same happened in the EU in the 1950s houses and land did not sell. What happened? 3 story houses 😊 on 1 block banks stagnated, and councils were abolished due to a system that just didn’t work. Hopefully Oz will change faster than the Labour Party can wake up and see the catastrophe Oz is in.
Just remember the conservatives were in power who created the fundamentals for a total financial catastrophe due to their abhorrent greed . They WANT to create classes of people in this country and have a small percentage of the population controlling 85% or greater of the total wealth. This has to be STOPPED !!!
Make no mistake, Australia is screwed. We will only see declining living standards, and it will not be long before we are a second world country at best. Successive governments seem hell bent on Asiainising Australia not just in population and culture, but in living standards. Our governments have failed us to the point (philosophically at least) of treason as they prioritise cheap foreign labour over the well being of Australians. This country needs a revolution.
Where and when
Very little manufacturing left, we are a coffee and housing economy. Just hope you don’t lost your superannuation or you will be screwed, but won’t make any difference in a hyperinflation event
I tell family the same thing, and for numerous reasons all the signs are there. I suspect Aussies are like the frog being boiled slowly, they are unaware, there will be no revolutions here.
I think we will have a standard of living equal to that of Angola. It would make sense as or economy is almost identical.
@@johnwalsh3520 check out the “economic complexity” rankings. We’re 93rd….. yes 93rd…. Out of 133 countries….. just behind Uganda. But don’t worry, we come in one place ahead of Pakistan!!!! Aussie aussie aussieeeee 🙄
When you have woman & children sleeping in cars on the street and people working 2/3 jobs to stay afloat there is something wrong.
Same situation in the UK. What gets me is the government doing nothing to help matters, watching it manifest and all the while banging on about something virtuous like the voice. Look how kind we are, look at our empathy and compassion. Don’t you feel lucky to have us watching over you?
WEF plan in full swing, our government is taking orders to destroy us just like all around the world
What the Consumer Arrears graph actually shows is that people who are struggling don't have mortgages. They are renting, and they have personal loans, probably for cars, not mortgages.
really？ I thought it shows people who paid mortgage late?
If you talk to people on the ground they are in allot of pain
I brought in July and I won the auction with 70k more then saburb median. How I made a mistake? That's how I feel. Yes the home has some renovations done. I brought in Melbourne north west
Just look at market sentiment. Everyone is bullish on property and think it’s going to go up forever. So It’s time to be worried and stay on the sideline.
You need to think rationally and not based on hope that your asset will grow.
Export are dropping, commodity prices are dropping. This will trigger a slow down of the economy hence property price drop.
Quantitative people won’t last forever. People will soon realise that they would a better life not coming to Australia.
We will turn to over supply soon. I don’t see why prices needs to go up forever.
Real estate investment in Australia is a mug's game. Why? Because prices are so high that you spend an increasing amount of your energy and time to pay them off. To break even on a real estate investment paying a mortgage of say 6% , you would need a capital gain of at least 10 % to cover all associated costs.
Right now, anyone paying 6% on a mortgage is falling 11% behind a someone getting 5% on their capital in the bank on a term deposit. And that doesn't even account for all the extra increasing costs associated with home ownership.
So funny, after reading a report throughout the whole video, the conclusion is CBA is wrong all the time. 😅😅. Thank you for the very informative video. 😅😅
Ok
CBA are the most accurate actually. Don’t get mad because of emotions. These banks aren’t operating on emotions. CBA is the leading bank in Australia.
bubble is bubble . just a matter of how much correction. that is the only issue
To the Australian people buy a block of land and biuld your dream home or live in a shed until you can afford to biuld, living off the land is the best way to live for a start you can grow your own food and raise some stock your meat and chooks for eggs and have a roast chook and get a sheep and a few cows and get a milking cow and a few pigs so you can have a roast pork , Also you so you can go solar for power supply and have a wood stove and wood hot water system ( it's called off grid living) a real money saver ,
I dont think it will rise.
People are over spent and not many left with money to spend on the overprices properties, unless youre a boomer.
Theres also recession, china not doing well which will affect australia economy and jobs.
Also lets see how bushfires will go this year, this will prevent people from overseas want to come to australia. And its only going to get worst.
If gov come up with another "help people buy property" buy giving free money, or allowing them to use super or no stamp duty, these things bring price up because people use that extra money as an extra to throw into a property.
Buying a house used to be somewhere to kick back one day and relax
now it's a full bottle business venture with every aspect nutted out before purchasing
Perth!!!! Undervalued under supplied 👍
Your calculations and hypothesis about the housing market appear to made in a bubble that completely disregards the actual insane costs of living in this country.
My point is that even if a real estate investment nets a positive capital gain of say 4% year on year, the investor will pay through the nose to live with inflation raging on all other goods and services concurrently.
That jumper is so fresh
Very useful video. Thank you
Approval process is also tougher, Government fees are higher, will be interesting.
The problem is the investors. They're too greedy and buy all the properties. They double the demand.
Yes. When 1% own 44% of properties in Oz
I'm already regretting buying a property which is leaving me house poor. Adding to that , now all these news that you share is stressing me out.
@newlife8318 hi,
I have noticed your comment replies and the correct information you provide them. Could you please start a youtube channel, new home owners like us need your help understanding and disect what these experts talk about.
I brought this house as my current rents are going, and the property agents want to kick us out to give this to someone else for twice what we pay now.
Brilliant analysis!
People are struggling and It all comes down to affordability. Not the nonsense that we hear.
One sided, what do you think the reserve bank will do with hundreds of thousands of imagrants flooding the market in rents food property electricity. Rates will rise bang pop
What’s driving the population growth?
Australia will be next India in 10 years
The largest crisis in Australian history, and a chunk of the population (home owners), are celebrating because prices continue to rocket upwards.
The gym i go to (in Perth) - 6 years ago, 0 car dwellers, now 4-5 a night when I rock up there at 10pm. Depressing AF.
Greed is the problem in Australia property
Great content spot on! 🎉🎉🎉
This is actually a really good breakdown on data vs why prices are going up, cheers!
My pleasure
it grossly ignores the economic climent. So I would disagree with it. No one is building as we are heading into a recession, and they don't have the money to build. As such, they don't have the money to buy. Prices should be going down. But yes, letting in rich immigrants to keep the house prices up is a path, that will also lead to the biggest disaster in living memory with tent cities and people living in cars at levels unimaginable. So. take that info in and consider what is likely to happen with this government policy that is keeping house prices up at any cost.
Economists are always correct, but for their timings and magnitude.
so stop importing people is all, pretty basic but I guess there is a reason they want people they don't need for industry that doesn't exist
If property is a win win wonder why people invest in another asset class seems like you cant lose
Great info bro.
thanks mate
Thanks for sharing
My pleasure
Great insights
Great analysis
Thank you
The driver is issuance of credit by banks
Nothing more
Nothing lesss
Ok thanks
There speaks brain-dead monetarism! If the supply and demand for land were in balance, people wouldn't be using credit from the bank in record amounts.
Interest rates will be much higher next year the boom is over.
Not a chance in hell of that happening, nowhere in Australia would, that happen, there's too many people coming here and there's literally no supply. The new immigrants may have to bring a tent tho.. Good luck everyone.. Property inflation is going to be good and healthy well into the future.
you make this video might be because you are doing real estate-related business that is all ...
Blatantly obvious property spruiking..
Just dangerous propaganda, many Aussies eill suffer greatly from this induced 'propadee valuation' psychosis
ok
Thanks to Americans they finally built a 3D house printer.
You have great teeth mate!
i think you are definitely wrong
One of many desperately Aussen sprukers
This is the type of thing that racism stems from, I’m not in any way shape or form biased towards certain races, I have friends that come from many different backgrounds that are lovely people, but when you have major banks acknowledging that it’s a case of increased immigration - population growth, you’re effectively creating institutionalised racism and that’s a dangerous thing to be doing in a cost of living crisis, our government are so incredibly lost, they are creating this problem, it’s ridiculous, Liberal or Labor it doesn’t seem to matter these days. - fantastic content
Cry me a river your argument is fallacious. Is Japan racist for only having a 3% migrant population? Multi-culturalism doesn't work. Culture and race are two different things. Immigration is useful, sometimes needed but when too many are let in and live in their own secluded communities, forcing their host countries to accept their beliefs and culture, then we have a problem. If I want to go and live in another country I would assimilate to their way of life whilst keeping my own identity alive and respectful. We are importing people with destructive, non compliant cultures, attitudes and beliefs, who hate us and our values. This is what is truly dangerous, not your perceived virtue signaling notion of institutionalised racism. Try again.
Property prices will tank when the recession hits later on this year.
I’m hoping so too, but how would a recession affect property prices when there is the evident supply crisis that will keep property prices high due to the massive demand, especially with the migrants coming in. Do you think this recession will truly bring down prices as interest rates couldn’t?
@@AminZilevo property won’t come down. Don’t kid yourself and delay the purchase hoping. Buy in another state that matches your income levels so that the property ladder isn’t running away with your financial life
@@AminZilevoonly if unemployment rises
wrong, as soon as they crash, the rich will come in to buy it all up cheap. People will lose their homes and the prices will rise again..due to being all purchased up cheaper. Also the next plandemik that the sheeple cannot even see.
@@AminZilevo Interest rate rise reduce future demand for new property, when the construction pipeline runs dry you get job losses which leads to recession and home defaults. It typically takes 18 months.
With 9 idiot governments it is cheaper to rent!
Wishful thinking
There is nothing new
ok
Set up Fomo lol
Property prices in 2024 will explode because with more migrants and less new properties on the market , housing prices will just keep growing. What is changing is what people are buying! Your 2million dollar buyers will be moving to 1.4 million dollar properties and your 1 million dollar buyers will be looking at 800k options hence apartments inner city will explode like diarrhoea 😂
Bro, you are just copying content from Ravi Sharma and myself. I’ve had like 20 people DM me about various videos where you’re just copying insights, thumbnails concepts, titles etc etc
What's wrong with that? You're only copying what other people have done.
Fats are facts whoever says them.
This is BS mate...
crash 2026
Cant sell a house if everyone is homeless and hungry.