Interesting how your guest never once mentioned how the government should/could reduce or better control immigration to ensure demand doesn't continue to outstrip supply further worsening the current HOUSING CRISIS. I'm sure it's got nothing to do with his business model relying heavily on ever increasing residential house prices.
But immigration is baked in because of the low birth rates. Otherwise this massive generation of boomers that didn't hold up their end of the bargain and raise enough children will consume everything. All our tax dollars and more wouldn't sustain their retirement. We need migrants. Im not going to be charged an 80% tax rate to fund boomers when we can halve the tax rate by sharing the burden with migrants. If the boomers had 3 kids each to fund their retirement, we would still have to build those houses. At least the migrants dont have to be raised and educated. It's a bargain.
And no State govt has built a water supply dam in 50 years or more. So that impinges on the creation of new towns/cities so every body gets packed into SYD/MEL/BRI high rises.!
No, just look for alternatives; LMI's and LPT's freely available on the stockmarket in easy to nibble bites ! Do your homework first. All freely available if you look for it !
Ridiculous our Property Prices, it’s really a Ponzi Scheme in Australia we don’t manufacture anything anymore, so the Government has made housing an attractive investment goes back to Johnny Howard with introducing negative gearing. There should be policies that truly support for one house for one ownership, because one needs a place to live. In Australia it’s purely disgraceful why the average worker, like a shop assistant working in a Supermarket can’t afford a house to live in close to their work.
No, we just have to build new cities/towns ! State govts won't release more land or create more towns because they have not built any water supply dams in 50odd years. You can thank that dickhead Bob Brown and his stupid Franklin River protest which has frightened ANY govt off ever building a new pondage !
ever heard warren Buffett talk about gold. He never invests in it because it doesn't actually produce cashflow like a business. so it was with great interest that the interviewee compares property to bitcoin. Bitcoin is similar to gold and tulips in a lot of ways in that they too don't produce any cashflow. Made me aware of one thing like bitcoin, property is in a bubble...
A 100 year bubble that seems to follow the RBA and governments controlled 2-3% inflation rate. This is a growth economy. That won't change. As you have seen with a change of government bitcoin will fly as scared crooks hide their money in bitcoin. In 4 years time with another government change it can just as easy go the other way as they pull it all back out. House prices are controlled by the people, supply and demand. Governments create demand as property sales are one of their biggest forms of revenue. Politicians love revenue. House prices will continue to rise.
Good discussion, but very conservative views in alignment with RBA rhetoric. The tariffs on China may have a deflationary impact on Australia’s economy forcing the hand on interest rates. Let’s be honest, we are already in a technical recession. If it were not for the federal government propping up the economy through unjustified expansion of the public service, the numbers would show this. The longer we keep playing the game, the deeper the recession is going to be. A GDP growth rate of .1% qoq is a manufactured result which labor will hold till election time.
Perth resi up 25%, Brisbane & Adelaide up 15%+, but yeah pretty forgettable year😂. FFS, has this guy been hiding under a rock?? Like a lot of “experts”, he’s probably not looking too far beyond Vaucluse & Toorak.
The real estate would be 25x in 2025 and the wages would remain the same 😂. Don’t laugh. The new immigrants are/won’t be the poor ones! These would be ultra rich to solve the Australian problem !! Ha ha ha. You see !! 😂 ! Did you see ?? 😂🎉
![Lp. Сердце Вселенной #60 РОЖДЕНИЕ ЛОЛОЛОШКИ [Финал] • Майнкрафт](http://i.ytimg.com/vi/YoR0pAV9FVQ/mqdefault.jpg)
Interesting how your guest never once mentioned how the government should/could reduce or better control immigration to ensure demand doesn't continue to outstrip supply further worsening the current HOUSING CRISIS. I'm sure it's got nothing to do with his business model relying heavily on ever increasing residential house prices.
But immigration is baked in because of the low birth rates. Otherwise this massive generation of boomers that didn't hold up their end of the bargain and raise enough children will consume everything. All our tax dollars and more wouldn't sustain their retirement. We need migrants. Im not going to be charged an 80% tax rate to fund boomers when we can halve the tax rate by sharing the burden with migrants. If the boomers had 3 kids each to fund their retirement, we would still have to build those houses. At least the migrants dont have to be raised and educated. It's a bargain.
And no State govt has built a water supply dam in 50 years or more. So that impinges on the creation of new towns/cities so every body gets packed into SYD/MEL/BRI high rises.!
All thanks to stupid Bob Brown and his Tassies dams conniption !
2025 great now I’ll never own shit even worse than 2024😂😂 fucked
No, just look for alternatives; LMI's and LPT's freely available on the stockmarket in easy to nibble bites !
Do your homework first. All freely available if you look for it !
This is the best presentation I’ve heard. Learn a lot from it too👍WA
Ridiculous our Property Prices, it’s really a Ponzi Scheme in Australia we don’t manufacture anything anymore, so the Government has made housing an attractive investment goes back to Johnny Howard with introducing negative gearing. There should be policies that truly support for one house for one ownership, because one needs a place to live. In Australia it’s purely disgraceful why the average worker, like a shop assistant working in a Supermarket can’t afford a house to live in close to their work.
No, we just have to build new cities/towns ! State govts won't release more land or create more towns because they have not built any water supply dams in 50odd years. You can thank that dickhead Bob Brown and his stupid Franklin River protest which has frightened ANY govt off ever building a new pondage !
ever heard warren Buffett talk about gold. He never invests in it because it doesn't actually produce cashflow like a business. so it was with great interest that the interviewee compares property to bitcoin. Bitcoin is similar to gold and tulips in a lot of ways in that they too don't produce any cashflow. Made me aware of one thing like bitcoin, property is in a bubble...
You do know that residential markets produce rent. Unlike gold or bitcoin, it produces an essential service, a place to live.
Bitcoin, the big Ponzi scheme the world has ever seen
A 100 year bubble that seems to follow the RBA and governments controlled 2-3% inflation rate. This is a growth economy. That won't change. As you have seen with a change of government bitcoin will fly as scared crooks hide their money in bitcoin. In 4 years time with another government change it can just as easy go the other way as they pull it all back out. House prices are controlled by the people, supply and demand. Governments create demand as property sales are one of their biggest forms of revenue. Politicians love revenue. House prices will continue to rise.
Sydney is the top international destination for development, however, the' hot spot ' are always too expensive for the majority.
Good discussion, but very conservative views in alignment with RBA rhetoric. The tariffs on China may have a deflationary impact on Australia’s economy forcing the hand on interest rates.
Let’s be honest, we are already in a technical recession. If it were not for the federal government propping up the economy through unjustified expansion of the public service, the numbers would show this. The longer we keep playing the game, the deeper the recession is going to be.
A GDP growth rate of .1% qoq is a manufactured result which labor will hold till election time.
Perth resi up 25%, Brisbane & Adelaide up 15%+, but yeah pretty forgettable year😂. FFS, has this guy been hiding under a rock?? Like a lot of “experts”, he’s probably not looking too far beyond Vaucluse & Toorak.
What goes up must come down.
Lmao, property markets are not like gravity, mate.
Bro, both the government and the RBA factor in 2-3% inflation yearly. Houses follow that trend.
check the house prices in 1920 in australia, have come down in the last 100 years?
Serious issues with the sound on this..
Property prices(not 'value')
....in Sydney is like Hong Kong, constrained by its land area; mostly built out so has to go up !
The real estate would be 25x in 2025 and the wages would remain the same 😂. Don’t laugh. The new immigrants are/won’t be the poor ones! These would be ultra rich to solve the Australian problem !! Ha ha ha. You see !! 😂 ! Did you see ?? 😂🎉
Stop renting houses that you don't own
Bahahahaha.. government won’t help shit
Did you guys realize the camera is facing your cheeks ?