... And The Real Property Winners Are...?
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- Опубліковано 11 чер 2024
- Interesting ABC article, which shows Real Estate Agents are winning, thanks to higher prices. But others are losers, period.
www.abc.net.au/news/2024-06-1...
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This Labor government says immigration doesn't affect house prices but at this point it is the only thing left driving prices.
Amen to this. Immigrants don't buy according to so many buyers agents (the biggest spruikers by far these days). However they do rent. Excruciating rental demand lifts the yield, and forces many who were waiting for the right time or property, to bring forward that purchase.
Politicians!
Humans!
Thanks Martin. Lots of good information here.
Very welcome
You know this guy once got 8-9000 views each video but years of totally ridiculous predictions on house prices and the economy in general have seen the numbers dwindle significantly. If you were a long time fan of Martin and you listened to even half of what he has said over the years right back to his 60 minutes interview in 2017 where he was predicting an 80% housing market crash then you would have been financially stifled to a point you would never recover from. He’s the most dangerous so called economist going with a doomsday niche at times and a bearish one at best . He was even predicting deflation a couple of years ago ha ha what a goose
@@chrism9767I have to say that Martin North's predictions were, and are, based on conventional economic wisdom, like, for example, the income to house price ratio. But with everything that the government and banks have done, I think we departed from conventional indicators about 26 years ago. Who could have foreseen the unprecedented central banks' repression of interest rates for the past 12 years and the rampant campaigns of QE ? It's easy to criticise someone for their inaccurate predictions but the world economy has been operating upside down and back to front since the GFC.
House prices will keep rising, there is more multimillionaires in China and India then the entire population of Australia, what you hear from social circles is that they don't have side walks with tree's and clean air over there, it is over crowded and polluted and political systems can't be trusted, they don't want to live there, they want Canada, Australia, America and Europe. These multi millionaires, will keep coming and buying property. Rent is going to keep going up. There is going to be homeowners who can keep up with prices and live in relative security, and then the renters are going to be broke, with no chance of saving or living an adequate lifestyle as most of their income will go to a rental. I feel like in the future non-homeowners, while getting a decent income, will actually be living in poverty because of rent prices. I already know some single people who have a decent wage are left with less than $300 dollars a week after tax and rent. I mean, it kind of comes down to, do you work 40 hours or more per week and have an unstable rental property, or do you live in a car, get centrelink and not work and get about the same amount of money??? actually you will probably have more because you won't need to pay for electricity. It's getting to a point where you are better of financially to be living in a van and on centrelink benefits then working full time and trying to rent.
How much r these friends in 76k per yr? With 300 only left per wk? That's whak!
During the gold rush the winners were those selling shovels and wheelbarrows. With property its real estate agents and banks.
Real estate agents are lightweights. It's buyers agents filling my socials. Most DON'T seem to be trying to get a great deal for the client. It's all about selling the incredible returns property investing will bring.
Which bank?
I loved seeing the chart from Tarriq that showed going from 1975 to recently our house prices have been highest in World, and since superannuation began under Keating, decoupled✈. That inflation dragon that AFR cartoon uses, maybe isn't RBA but it's the superannuation pool piggybank terrorising our economy with inflation like a trampoline....?
Nah mate, floating of the dollar and financialisation of markets made most difference
So many headlines about RAY WHITE on a.b.c it’s not funny anymore more and I start to think they own them , maybe they do ?
The public broadcaster? who survives off crumbs from the federal government? The only non conservative news there is in this country? Are you sure you're not watching Sky?
Hmmmm!
Hi Martin, do you monitor commercial property too? Just curious what's happening there as its a good indicator of employment.
I do, bad in the US, early signs of stress in Australia, especially in retail, but high demand for data centre and distribution centres, so complex picture....
@@WalkTheWorldDFA thank you.
🙂
I like your commentary but I think it misses a huge point on affordability.
Yes it's unaffordable right now, but what happens when interest rates go from 6-7% to below 4%. This will continue to underpin high prices , and provide a springboard for more affordable areas for those that retain their jobs.
See comment above re numbers of multi-millionaires in other countries. If the average Aussie cannot afford even average cost properties, either there are a very small number of locals who own lots of properties or someone else is buying them. Even if zero Aussies were buying, I have a suspicion sales would still be going well....
I agree to not buy your dream home first.
That’s what I did and now regret it because m dream home price has gone up exponential so even though I paid m cheap home off I would need four times more than I borrowed originally to get a property for 1 million. So I’m not sure if it actually works.
@@Entopysbane
I get it, I got two cheapies first mortgage.
Maybe value one good one now.
So I don't know.
Flip if a coin I spose.
Good luck mate.
❤️
I bought my forever block of land which happened to have a shit box on it. Fixed her up a little, but will either knock down rebuild or substantially renovate later on.
When is the best time to buy a house. Answer is when ever you can. Nothing better than using orther peoples money to increase your wealth. Martin is so wrong about property its not funny.If you listened to martin when he started dishing on buying a house, you would have missed out on your house going up three times minimum. Mortgage stress is all he talks about. There bugger all people, and if you suffer mirtgage stress you can always sell yur property most likely for a profit