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I also totally agree with you that it's no longer about what the average person can afford that dictates the market and while it's possibly that they are bringing in some educated immigrants who are able to invest, I think it's probably also money from offshore REITs. Get a group of billionaires together and they can probably buy a whole country if they wanted to.
any allegiance, obedience or adherence to foreign powers is considered Treason in Australia. Foreign billionaires who have objectives would be considered a foreign power and should be prevented under constitutional Law.
what people don't realise is that Australia is still considered 'cheap' and great value for the middle to high net worth community from Asia and there's lots of money there.
I sat on the side for 10 years renting and got involved in 2017. I’m glad I did because that feeling of being left behind sucks. Yes it’s a rigged system IMO and the gap between rich and poor is going to continue to widen. Get organised financially and you can benefit from it bud. The liberals are prop property and they will get in next year for sure. It’s only going to get worse if your not owning property soon
The part I don't get, where is all this money coming from, to pay such high prices for properties? I don't get it? Borrowing capacity is so tight for average wage earners.
Just today I was looking and found a few suburbs where units went from $350K - $560K in the last year or two and my thought was "who said you can't make capital gain in units?" and now I just found this latest video of yours speaking about just that. And my thought was that it's just that average people trying to get into the market just cannot afford to buy houses anymore so they are being forced to take units instead. And as you say, they are not building more quick enough.
@ say 80k salary per annum how many properties can be bought ? Roughly? The lady you had on interview about this says on post 70k per annum she bought 3 props?-- which are the lenders that allow for this ? That accept that accountant letter
@@Tingedarkensaw Borrowing capacity is generally 4.5 times income at best, for lower income earners. Borrowing capacity is so tight. I'm not understanding at all, how someone on 70K is buying 3 properties in 6 months.
Great podcast...no bullshit. Very intelligent and passionate pair... great to see this positivity in the next gen for Australia. Hopefully PK can bring some learnings back to Oz.
Another question, you mentioned about a possible long consolidation after the current boom. Y Do you have a plan B for your consulting business if RE become dull ?
@ two things: there will always be suburbs that grow at double digits annually (even through the GFC these existed). The market is not one homogenous beast. 2) I don’t rely on business income. I have $200-300k passive income. Business is fun. I enjoy RE as you can hopefully tell.
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💡 Private Facebook Group With Over 50,000 Clients & Investors 👉 facebook.com/groups/passiveincomethroughproperty
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I also totally agree with you that it's no longer about what the average person can afford that dictates the market and while it's possibly that they are bringing in some educated immigrants who are able to invest, I think it's probably also money from offshore REITs. Get a group of billionaires together and they can probably buy a whole country if they wanted to.
any allegiance, obedience or adherence to foreign powers is considered Treason in Australia. Foreign billionaires who have objectives would be considered a foreign power and should be prevented under constitutional Law.
what people don't realise is that Australia is still considered 'cheap' and great value for the middle to high net worth community from Asia and there's lots of money there.
@@SPL88 yes
This never ending property boom is really pissing me off.
I sat on the side for 10 years renting and got involved in 2017. I’m glad I did because that feeling of being left behind sucks.
Yes it’s a rigged system IMO and the gap between rich and poor is going to continue to widen.
Get organised financially and you can benefit from it bud. The liberals are prop property and they will get in next year for sure. It’s only going to get worse if your not owning property soon
The part I don't get, where is all this money coming from, to pay such high prices for properties? I don't get it? Borrowing capacity is so tight for average wage earners.
@@williamcrossan9333 there’s enough people with a lot of wealth
Great qn, so many more people in Aus. Some of the data has a replacement going on, from overleveraged Aussies to those with less debt
Just today I was looking and found a few suburbs where units went from $350K - $560K in the last year or two and my thought was "who said you can't make capital gain in units?" and now I just found this latest video of yours speaking about just that. And my thought was that it's just that average people trying to get into the market just cannot afford to buy houses anymore so they are being forced to take units instead. And as you say, they are not building more quick enough.
Pretty sad state that the country is in if that's what we're reduced to.
@@cocosilkworm the housing shortage is so intense that even units are rising now
How much do you need to make per annum to buy property through trust ??
@@Tingedarkensaw depends on the debt side of the equation too
@ say 80k salary per annum how many properties can be bought ? Roughly? The lady you had on interview about this says on post 70k per annum she bought 3 props?-- which are the lenders that allow for this ? That accept that accountant letter
@@Tingedarkensaw Borrowing capacity is generally 4.5 times income at best, for lower income earners. Borrowing capacity is so tight.
I'm not understanding at all, how someone on 70K is buying 3 properties in 6 months.
@@Tingedarkensaw which lady?
Great podcast...no bullshit. Very intelligent and passionate pair... great to see this positivity in the next gen for Australia. Hopefully PK can bring some learnings back to Oz.
The bubble is popping
What about the reduction in student immigration that has reduced apartment demand seen some areas close to universtites?
There's been no reduction. There's been talk of a reduction. That reduction hasn't happened yet.
Great video as always! Have you moved to the US now?
@@chookie131 we have another PPOR here. But still have our GC PPOR. Want to get one in the UK too.
@ 😀🫡 well done! Credit to you
Just two property nerds having a chat 😅
what percentage of debt to equity do you suggest your clients use when buying a property? 20% equity or your own cash, 10%, 5%?
@@zenmachine50 we develop a strategy based on their cashflow and risk appetite.. there isn’t a cookie cutter approach really
Missed Mackay, Townsville, Gladstone as I couldn't get in with too many offers.
Buy Darwin before it ends the same way.
Talked to manager and building inspection guy they both said that big buyers agentd are buying
What a horror story.
Pk you haven’t considered impact from job cuts coming from humans replaced with Ai digital employees.
What is your plan in The USA PK? Staying there for a while ?
@@gglendormi The idea is to create multiple bases to give choice and freedom
Great! That s my goal as well between France Taiwan and Australia.
@ all the best with it!
Another question, you mentioned about a possible long consolidation after the current boom. Y
Do you have a plan B for your consulting business if RE become dull ?
@ two things: there will always be suburbs that grow at double digits annually (even through the GFC these existed). The market is not one homogenous beast.
2) I don’t rely on business income. I have $200-300k passive income. Business is fun. I enjoy RE as you can hopefully tell.
Around 37.00
Anyone have a time stamp where he might chat about WA?