"How I turned $70k into $1.2 million while renting" | Mark Bouris & Zaheer Azmi
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- Опубліковано 22 жов 2023
- Is rentvesting achievable, sustainable or worth the investment?
Zaheer Azmi, CEO & Founder of Luxland Investments, joins Mark on this week’s episode of Property Insights to discuss the growing issues of Australia’s housing affordability crisis, and ways to navigate the market successfully.
Having successfully built his own property investment portfolio from a $340k purchase, Zaheer now focuses on helping other Australians not only enter the property market, but also build a portfolio of investments for the long term.
This could be the top signal.
Top of the property market signal?
11:50: Fig Tree Pocket is nice, but not close to Coogee!
Some lots do flood also.
It's a big hard to compare the two, realistically.
The other problem we have in Sydney is artificial increase of the population past reasonable amounts. I live in a North Shore suburb where the value has increased significantly. The only people I see buying houses are Chinese and the talk amongst most of the school parents is they glad they bought years ago as they would not be able to afford now. Major failure of government administration of the economy.
Please don't come up here. We're busting at the seams. Signed, a Moreton resident.
Nimbys. Sorry people got to live somewhere. Sharing is caring 😅
lol Don't come up here? The government has opened the gates to 400k.+ new migrants the next year and Sydney and Melbourne are full. Their points are valid qld has a better lifestyle, more relaxed, great opportunities and a much more affordable market to invest in. This will most definitely drive the prices and capital growth up. Signed, Sydney resident and Moreton bay investor ☺️👋🏻✌🏻
Plenty more coming: 240 a week apparently.
Perhaps over 500K population growth per year in Australia.
@@williamcrossan9333 definitely! They will be flocking to qld and the cheaper places driving the price up further ☺️👋🏻🏦
What is a good developer? How do I find one based on what criteria?
Up until the early 2000’s you could buy a unit in Sydney somewhere for a couple of hundred grand, sell it a few years later and use the money you made on that to buy a house… Can’t do that anymore, unless you want to buy a house on Lalor Park or something.
Lalor Park resident here ‘one of the best place to live’ houses here are 1.2m plus
Hi it’s B
I command this connection to touch you
A message from the Heart
The issue is he may have been able to earn 80K / year in 2008 to buy a 340K dwelling.
Today, someone may earn 120K to 140K for the same work, but the house may be 900K plus.
The ratio has drastically changed.
And ratio in 2008, was also vastly worse than in 1995.
How much more is left?
Amen to not holding cash as wealth.
Yes, I'm wondering why we haven't seen one heck of a wage push by workers?
Anyone on 55 to 60K a year may as well start burning cars in the street, and smashing shop windows!@@These-times-are-awesome
yeah so if u look at data of amount of people owning home outright at all ages in 2023 compared to like 10 years ago....they are all declining compared to 10 years ago...showing it is harder and harder to own property now...although still some ppl might say it's always hard in each decade to own property...truth is....NOT...it's getting harder and harder
D-bay lol it's bogan central...
Wait is he speaking house an land packages???? Hellllll no
Why’s that mate ?
@@doubledragan overpriced
@@doubledraganterrible investments. Money all for developer not for investor
I disagree, I purchased in Pimpana house for 450k 2 yrs ago it's worth 650k now and will continue to rise. Neighbouring suburbs are still quite affordable too but you are looking at 600-750k. Much cheaper than a house in Sydney or Melbourne you need at least 1mill+
@@caneandwoodemporiumwith all due respect, you got lucky. Lucky that you finished the build and lucky it’s still
Standing. No one would trust builders these days. Wayyyyy to risky. You did well which is great! But the majority of house na do and packages sold - owners never make money
Mr Zaheer is very close to breaking anti spruiking laws I reckon 🤏