Australia's Property Boom Over As House Prices Fall For The First Time In Two Years
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- Опубліковано 31 тра 2022
- House prices have officially gone backwards for the first time in two years. Chief market strategist at InvestSMART, Evan Lucas, tells us whether the market is slowing down and whether the bubble will burst.
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house prices have sored 200 percent in the last 5 yrs. house prices have dropped by .11 percent......... big deal
enough with the housing fetish. housing should be affordable enough for medium income earners.
Nah, keep it growing
@@downtownneonlights hahaha
@@downtownneonlights yeah we should have shanty town slums like Brazil I like that keep it going. Or the calcatta India slums where they got to the toilet in the middle of the street, love that
Can we look at how many Air B n Bs there are to rentals in so many councils?.., no rentals for families.., plenty of holiday homes bought from negative gearing in a property boom.
Stop telling others what to do with the property they own.
RIP who buy under FOMO.
Love the question at the end. Negative growth is such bollocks.
About time the prices slowed the hell down, even as a owner I think this is a great thing
Same here!.
I actively WANT to make my place worth LESS not more!
@@DMSProduktions paint it purple on the outside, that would work!
@@time2kickarse GOOD idea!
Unless you use it as a piggy-bank, does it really matter? If my house loses 20% of its value, likely so will all the other houses of similar value. Only with highly-geared properties will banks demand they maintain their LVR position. If you bought way over the market, that's the price you pay for succumbing to FOMO.
Totally agree, high property prices mainly only help those can afford to buy two or more properties and get some other mug to pay the mortgage for them in rent each month,
High prices don't help Joe blogs that simply wants a home to live in.
Gread and stupidity is what it is, the sooner people are stopped from making big money out of property the better.
It’s about time. Falls more and more and more and more.
Real Estate is something you need start early. Ideally in your twenties to take advantage of the longer cap. growth and to ride out the negative or flat years. Buy land always and buy where you can afford and overtime trade up. It’s money overtime. Sadly people who get to forty years of age and blame everyone else or Governments for their own poor financial planning. Educate yourself and become financially literate. Importantly - only the financially disorganized and those that are ignorant of the properly cycle's will sell in the current property correction cycle. Investors with high equity ratios are already waiting to re-enter the market - given the forecast of strong rental yields in the years ahead.
I think priced should come down.. its good for everyone. .i purchased in 2008.. prices are way too high.. people need to live somewhere
Housing isnt a human right houses are speculative investment asset that is the world we live in.
I bet you wouldn't be so noble if the market plummeted by so much tomorrow morning that it left even you with a house that's worth no more than what you paid for. Think about it.
@@eddielong8663 thats fine with me... prices need to drop back to 2015 levels
@@defectiveclone8450 How about they drop to 2008 levels? Or early 90s levels just for fun? See where this is going? There's no point trying to be on the high road. You know you're not.
@@eddielong8663 dropping ans crashing are not the same
It's time for millions of Australians to pay the piper.
*How about we start talking about rentals? and how people are living in tents and in their cars because the rental prices have exploded in the regions!*
Blame that on inflation as a whole, as landlords have higher rates and bills to pay, ps if renters aren't happy they should take the initiative and buy a property now that house prices are dropping, owners set the price not renters!
@@haytch1598 oh ok then I'll just buy a house with my $2,000 in the bank LOL
FML
@@megashadow3789 economics 101 disagree with you, as a landlord I know there is someone always willing to pay more than the other, secondly talking about mowing the lawn, my properties don't have none.
You dont want to rent that's fine, can use my property as a weekender. No one said the investment property you buy has to resemble anything that you already live in, secondly its not the renter that sets the price its the market of renters and willing landlords, if the rent ain't worth it investors wouldn't invest thus creating a non existent market causing even more higher rent, so in the end the market also factors how many investment properties on the market not just how many people willing to rent, so get off your high horse
@@megashadow3789 haha tell that to nike about the their tn's. Sorry dude its not the consumer plural its consumers, like I said you renters need to get of your high horse or work hard and buy your own, the house is always the landlord's remember that!
The main thing that sets the price is the cost of making the products, being materials and production and labour costs, prices aren't set by consumers, its set by the cost and quality of the product!!!!!!!!!!! After all companies don't make products at a loss economics 101
@@haytch1598 nah I reckon there should a revolution and throw out the ruling class like the French revolution
I cannot find ANY vids on how to actively DEVALUE your property to lower council rates!
ANY tips mate? I am on a single pension in an inherited property!
My late father paid less up to last year but he had 2 pensions to live on!
I have 1 and am paying more!
HOW to DO I make my property worth less. The difference between the last assessment & the current, is ~$80K!!!
NO way! The place is earthquake damaged! I have no hot water & the roof his damaged! Council told me property was worth, '$560K'!
NO way it's worth that!
NO1 seems to want to make their property cheaper! Well I WANT to! Any ideas bro?
Unfortunately most will never pay off the loan .
Down .11% nationally !! Has this property crash run it's course or will Aussie house prices collapse further I wonder
Could you turn the clubbing music off please 😂 deadset
prices down by 0.39% or 1% itself is a joke- does 10-15k matter for someone buying 1.2-1.8 Million property lol
Wow couldn't see that coming, housing is for living in, investment causes crashes.
Rent greater than mortgage for now yes, but interest rates going up quickly plus those big bills come with ownership, please do the numbers before deciding
Of course
Let real estate go bust. Put estate agents in jail
You sound like a true Marxist. Where your vision of equality is for everyone to have nothing.
I didn't realise it was like flicking a switch - one minute it's on, then it's off. Wow magic.
It’s a scam housing market manipulation!
I love it
Will just remain steady for a few years, prices will NOT go up and only go down in suburbs that went too high
House prices go down but interest rates , gas , Petrol , cost of living are going up this will scare buyers. Restaurant , cafe and Tourisms will suffer also . All prices went up too fast with the new labour government .
It’s a scam housing market manipulation they buy lots of homes when prices go down then they bum the prices up sell the properties when they gone they make it prices to go down buy as many as they can and circle repeating it self! Now this days to build a home is very expensive so is labour gas etc why would properties go down?
Prices were going up before the election seriously do you even bother checking the news
Real Estate is something you need start early. Ideally in your twenties to take advantage of the longer cap. growth and to ride out the negative or flat years. Buy land always and buy where you can afford and overtime trade up. It’s money overtime. Sadly people who get to forty years of age and blame everyone else or Governments for their own poor financial planning. Educate yourself and become financially literate. Importantly - only the financially disorganized and those that are ignorant of the properly cycle's will sell in the current property correction cycle. Investors with high equity ratios are already waiting to re-enter the market - given the forecast of strong rental yields in the years ahead.
Rates should never got that low
Nurses,paramedics,bus drivers and teachers can't afford rents and can't afford to buy
Single house buyers never sell the property until and unless they want to migrate or in real financial crises. This has nothing to do Morket stimulation. Other than this is is because of multihouse owner or the massive investors looking forward to booming price and sell in profit, for sure profit seekers. But if housing price plunge quickly after few political speeches than it is dam sure the most of the land is hold as gambling and gamble putting market in peek to sensitive Hight.
Aaron Gosden
Most home buyers don’t give a rats about house prices dropping. Investors are the only ones who care.
Good… who the hell wants to live in that place? Nobody.
Down Down Prices are DOWN
Lol
Wow. She's so aggressive
Don’t worry it will be just like AUD😂😂😂😂😂
🤔
Yeah markets down
Digital currency going down
N global recession could be the reason
Working people living at caravan park and sleeping in cars what a joke Australia
Kelvin James that's right it's a joke but I'm not laughing. A first world country with but treating working people like third world class.
Economics vs resources
OZZIE GOING FLACCID AGAIN
Negative Growth not Falling 😆
the problem is with humans greed.
👍💯
you will own nothing 🤣
Wise will look to buy now. Chance of great bargains. Millionaires will slowly move to billionaires.
Houses will crash big time,units with river views are dirt cheap already,land will boom,rates are gonna keep going up,up🥹🥹🥹