Asking a property developer if we need more houses is like asking a barber if you need a hair cut, or a Realestate agent if it’s a good time to sell your home
Harry built a mega tower next to my building on the Gold Coast and it looks like there are no more council rules - he was permitted to install a massive industial size exhaust fan from his super structure to blow on to our building causing 24/7 exhaust noise and some tenents complaing it makes there doors shake - council ignores the complaints and Harry the richest man in Australia could care less - not to mention half of his mega tower is an hotel thats has the smallest pull up area for a hotel i have ever seen and causes constant traffick chaos on The Esplanade and many of the patrons parking in our building driveways - council doest do anything about it - He is allowed to place massive signage on his building advertising other projects which is a big eyesore - the pre building advertising of his mega tower looks nothing like what he actually built
Thanks, Mark, for the quality guests. We can only learn from successful entrepreneurs. About 22 years ago, I bought a near-new 2-bedroom apartment in Sydney CBD (Regis Towers) that was built by Harry for AUD $398K (with 100% finance from other property equity and the new property). It's worth about $1,000,000 today and I get $1,050 per week in rental income... so about $600K profit pre-tax for doing nothing. People like Harry made this possible. He builds affordable luxury.
Banks working with builders, with councils to get a positive outcome for housing. Why is this so hard? Prefab housing, if good quality, is as good as any other housing. It does not have to be a ghetto, just good quality housing that people deserve. Brilliant, easy solution.
No more ugly high rise buildings! We don’t need them nor do we want them! These highrise buildings are awful, expensive and not environmentally friendly.
Extremely smart..genetics, I'd say. Pointing out to his age in every second question, was a bit over the top though, wouldn't hurt to be slightly more sensitive about it.
His daddy gave him a home in the lower north shore of Sydney and instead of taking it, he took the value of the home to begin building apartments. His daddy gave him the millions to start.
Harry, Harry, Harry. You want big Australia, so you make more money, my friend you're 91 , you can't spend it, being greedy over aussies you can't afford to rent or buy because foreigners and migrants are out competing and you'll see more homeless and division. Singapore, for an exampe, provide high quality high rise living with best transport and living standards . Here we're stuck hours in traffic , our living standards are down like never before, high energy prices, and you want more ....
Singapore? Singapore don't have Aussie whinging Karen's, their society is very tolerant, and they have the same government since 1959, the same government you Aussie accuse of being a dictatorship / Authoritarian. China has excess houses, even empty cities, Hmmm, seems like a common correlation?
Singapore, Please, that's probably the worst example.. Only if you had the same government since 1959 (the same gov Aussies accuse of being Authoritarian/dictatorship) and a population of tolerant citizens instead of Karen's, Aussies might stand a chance. Why not China, they have empty Cities, but communist rule... correlation maybe
I feel like this is a conversation of self survival rather than societal morality. One must wholeheartedly admit, HOUSING IS A BASIC HUMAN RIGHT. Then ask is that being fulfilled? Of course the answer is NO. Housing from last century to 2000 was always 3 years salary. What changed. 1. Supply vs demand . Ie immigration 2. Foreign investment increases. (China alone buys 5000 houses a year in australia as investment. Many are landbanked and empty) 3. Domestic housing is now a money maker . 4. The government encourage this with their negative gearing and no tax if lived in for a year when selling. 5. Bank rates that bleed the consumer and only consider profits and not societal responsibility . SO WHAT NEEDS TO CHANGE:? stop making domestic housing a super profitable investment!!! HOW? remove negative gearing and other incentives Stop foreign investment Regulate bank loan rates for single domestic home buyers ( irrespective of if they have bought and sold a property before) Possible death taxes on property ( as in japan) THERE NEEDS TO BE A CONCERTED SHIFT IN HOW AUSTRALIA MAKES MONEY: Australia relies on natural resources hugely Foreign students and income tax We need to create more products here. This country is a contradiction. we have very good social welfare if you are down and out but a system that currently stifles real quality of life for the average joe. Australia needs to implement those same welfare strategies to power generation and housing. Encourage foreign investment in producing goods Australia is manipulated by overly zealous hippies that consider society acceptable collateral damage for their green agenda. And at the other end of the spectrum banks and developers are doing the same. If housing is affordable more australians will have more disposable income to spend on goods and services and have a quality of life. At the moment ausralia is very quickly becoming a third world welfare state that will collapse like any other welfare state around the world.
This gentleman is so wise and is such good value that I can’t believe we get to watch these videos for free!
Asking a property developer if we need more houses is like asking a barber if you need a hair cut, or a Realestate agent if it’s a good time to sell your home
Who builds the houses, your excel spreadsheet?? who do you ask to build them??
Maybe so..but he's right
Harry built a mega tower next to my building on the Gold Coast and it looks like there are no more council rules - he was permitted to install a massive industial size exhaust fan from his super structure to blow on to our building causing 24/7 exhaust noise and some tenents complaing it makes there doors shake - council ignores the complaints and Harry the richest man in Australia could care less - not to mention half of his mega tower is an hotel thats has the smallest pull up area for a hotel i have ever seen and causes constant traffick chaos on The Esplanade and many of the patrons parking in our building driveways - council doest do anything about it - He is allowed to place massive signage on his building advertising other projects which is a big eyesore - the pre building advertising of his mega tower looks nothing like what he actually built
Thanks, Mark, for the quality guests. We can only learn from successful entrepreneurs. About 22 years ago, I bought a near-new 2-bedroom apartment in Sydney CBD (Regis Towers) that was built by Harry for AUD $398K (with 100% finance from other property equity and the new property). It's worth about $1,000,000 today and I get $1,050 per week in rental income... so about $600K profit pre-tax for doing nothing. People like Harry made this possible. He builds affordable luxury.
I do agree with him about the rules are out of date
the red tape in this country is truly ridiculous
Mark thank you for another quality interview, cant wait for the next guest.
Glad you enjoyed it, stay tuned!
Interest rates coming down doesn't make housing more affordable, it make more people a slaves to debt..
Makes homes more expensive. Higher interest rates will lower housing prices. Good for savers. Good for buyers.
Banks working with builders, with councils to get a positive outcome for housing. Why is this so hard? Prefab housing, if good quality, is as good as any other housing. It does not have to be a ghetto, just good quality housing that people deserve. Brilliant, easy solution.
because you have Aussie Karen's that whinge about the color of your house
No more ugly high rise buildings! We don’t need them nor do we want them! These highrise buildings are awful, expensive and not environmentally friendly.
Extremely smart..genetics, I'd say. Pointing out to his age in every second question, was a bit over the top though, wouldn't hurt to be slightly more sensitive about it.
His daddy gave him a home in the lower north shore of Sydney and instead of taking it, he took the value of the home to begin building apartments. His daddy gave him the millions to start.
Harry, Harry, Harry. You want big Australia, so you make more money, my friend you're 91 , you can't spend it, being greedy over aussies you can't afford to rent or buy because foreigners and migrants are out competing and you'll see more homeless and division. Singapore, for an exampe, provide high quality high rise living with best transport and living standards . Here we're stuck hours in traffic , our living standards are down like never before, high energy prices, and you want more ....
The A typical jew
I totally agree with you
Singapore? Singapore don't have Aussie whinging Karen's, their society is very tolerant, and they have the same government since 1959, the same government you Aussie accuse of being a dictatorship / Authoritarian. China has excess houses, even empty cities, Hmmm, seems like a common correlation?
Singapore, Please, that's probably the worst example.. Only if you had the same government since 1959 (the same gov Aussies accuse of being Authoritarian/dictatorship) and a population of tolerant citizens instead of Karen's, Aussies might stand a chance. Why not China, they have empty Cities, but communist rule... correlation maybe
I feel like this is a conversation of self survival rather than societal morality.
One must wholeheartedly admit, HOUSING IS A BASIC HUMAN RIGHT.
Then ask is that being fulfilled?
Of course the answer is NO.
Housing from last century to 2000 was always 3 years salary.
What changed.
1. Supply vs demand . Ie immigration
2. Foreign investment increases.
(China alone buys 5000 houses a year in australia as investment. Many are landbanked and empty)
3. Domestic housing is now a money maker .
4. The government encourage this with their negative gearing and no tax if lived in for a year when selling.
5. Bank rates that bleed the consumer and only consider profits and not societal responsibility .
SO WHAT NEEDS TO CHANGE:?
stop making domestic housing a super profitable investment!!!
HOW?
remove negative gearing and other incentives
Stop foreign investment
Regulate bank loan rates for single domestic home buyers ( irrespective of if they have bought and sold a property before)
Possible death taxes on property ( as in japan)
THERE NEEDS TO BE A CONCERTED SHIFT IN HOW AUSTRALIA MAKES MONEY:
Australia relies on natural resources hugely
Foreign students and income tax
We need to create more products here. This country is a contradiction. we have very good social welfare if you are down and out but a system that currently stifles real quality of life for the average joe.
Australia needs to implement those same welfare strategies to power generation and housing.
Encourage foreign investment in producing goods
Australia is manipulated by overly zealous hippies that consider society acceptable collateral damage for their green agenda. And at the other end of the spectrum banks and developers are doing the same.
If housing is affordable more australians will have more disposable income to spend on goods and services and have a quality of life.
At the moment ausralia is very quickly becoming a third world welfare state that will collapse like any other welfare state around the world.
The reality is.....shut the gates..
The reality is economic growth
otherwise we would have a 2nd Yugoslavia - complete destruction and then poverty.