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A country where all people talk about is iron ore and houses, how bloody sad is this place. We like being 1st for everything for all the wrong reasons. Education 128th, Qantas 24th, Virgin 17th, Debt per capita 1st and all taxes 1st. But please sir can we have some more. Albo/Greens are determined to destroy what's left of our country before May 25. What's amazing is you all watch tents go up, your not real Australians at all.

I remember thinking back in the very early 2000s when the house next door to my parents in Leichhardt NSW sold for what seemed like an incredible price, something is wrong. I was 18 or so. Now at 40, living in Germany (partly because I want a life that isn't dictated by a preposterous mortgage and all the choices that takes from you) it is great to cook at home and listen to two honest sharp guys tell us very clearly what's is going on. I have been telling my dad (he is in his mid 70s and has at least 3 empty properties in the Inner West) that there is a Ponzi scheme in Australian property that is transferring wealth from young to old. He laughs and says nothing beats inflation like land banking Sydney property. And after being gaslit by government and the media, I'm very thankful for your channel and to have my own thoughts illustrated with such detail and insight!

The government is fundamentally broken in so many areas with various powerful Lobbying groups having completely captured our bureaucratic power system. Created through special Advisory Committees (all overpaid) local councils and state governments which have a myriad of Boards and ceos and sub ceos on fantastic wages spending untold billions literally in “infrastructure “ that is not required and leaving that which is required to be found in a state of deterioration.

The fall in NZ property market, is that due to interest rate hike or abolishing negative gearing?

Thanks guys great content :)

Mortgagees can still:- 1. Sell a car 2. Take $10k out of Super (hardship) 3. Refinance 4. Move in family 12 months, rent house 5. Take kids out of private school 6. Holiday at home 7. 2nd jobs 8. Move interstate 9. Early inheritance 10. Sell, move overseas

1:16: The difference between the share market and the property market is stark. Property prices have absolutely wiped the floor with equities. No wonder Aussies are going 'all in' on property investing. Seems to be so many, who think this thing is just getting started. And the horrifying part is, they may be right.

WTF. What more can you say. We’ll never get invaded for our resources. We give it away. Then we make $368 billion donations to the MIC of the country we’re giving it away to.

Do you guys agree that a civil uproar demanding that we abolish the two party system, and instead have a least 8 united parties that run our infrastructure individualy yet accountable as per the whole. We have so many great leaders out there that are always knocked back. Are our elections tainted like Americas was? I am 65 and never seen Australia, The Wealthy Country, so broke. The average worker and family are being driven into tents while our government corporation of two twins sends all our taxes too foreign investments or so called donations, or unknown partnerships in building secret things! They have got go, they are evil through. Pauline, Babet, Rennink, the great Australian party etc, and all the united and independent fresh warriors for truth, and for the peoples rights and needs to be at the top of the list and not these thieves!

Hello Martin and Tarric 🙂

Interest rates are going to rise just as I said they would.

NZ housing prices becoming more affordable is good news. Hopefully we will get this good news here, after 4 to 5 years of very bad news.

6th September 2024, and I did a couple of drives across Brisbane. The economy looks like it absolutely booming. The traffic! Flipping heck, what do good times look like? Not to mention 16% annualized house price growth. I feel like the only one who's not rich.

1:12:12 nailed it

The” riots” were protests with some destruction of public property. It’s one austerity programme after another here. Everything seems to be quite at the moment. More immigrants but less house building….

The” riots” were protests with some destruction of public property. It’s one austerity programme after another here. Everything seems to be quite at the moment.

China economy is not just realestate, they dont have a homelessness problem like USA and Aus. They do have some speculation problems because they dont have huge manipulated stock market like USA. Ever ask why USA stock market been going up but their living standards declining and USA even borrows from China ? Stock and inflated housing bubbles dont increase lving standards it suck future wealth. Why Aus keeps complaining about China rise or collapse? Just trade with " world's number one USA economy "? Seeking scapegoats for failures in Aus central planning.

So what is wrong with interest rate at 20%? I would like to see that. What is the matter " strong and Capitalist developed economies" lol. What is the matter ? Been living in credits and drowning in debt? Time to pay.

The RBA buys up bonds and mortgages, hikes the price of money, while telling everyone else to curb demand and reduce inflation When will people see through the deception?

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You are probably the most decent Australian I (an immigrant) have come across.

Love Tarric

Too damn close to the screen! Lmao

US national debt $35,350,255,000,000. $60 billion added since last night. A 5th grader can see the disaster coming. USA, UK, EU, Australia.......all led by the nose by Central banks... to the death of the people. Of course the question is why? Two reason (i) the Central banks are privately owned (whatever they say) and make Trillions as taxpayers pay back the debts and (2) when it all collapses under the wight of that debt, "they" propose and implement the "Reset". Guess who that benefits? Answer: there is a total of 100,000 of them and 9Billon of us. Got it?

The productivity of government workers is often very difficult to determine. Also government worker activity often cause there to be a need for increased number of workers in the private sector who are not contributing to the production of goods and services. Many workers in semi government sectors such as teachers, are also in areas where there is very little in the way of increased productivity. The recent decline in Australian productivity could continue for longer than people may expect.

So long and thanks for all the fish! I'm selling my house in Perth and quitting the mining industry where I have worked for nearly 20yrs now. Australia is cooked. I'm going where I am treated best.

half the country is on the hamster wheel the other half is slowly burning money on the inflation bond fire , Albo’s migration

Howdy Martin. Despite now residing in the UK you are still bringing the best Australian economic news on CZcams. Together with Tarric you guys are killing it. Saw it reported on ABC News earlier this week that Perth had something like a 30% annualised increase in house prices and Adelaide is going to the moon too. How on earth can they cut interest rates in this environment?

High house prices are not wealth, they are a wealth transfer mechanism from the younger to the older generations.

Tarik ONE. ... people aren't spending Super lump sums to get the pension as much as they are looking for $1 of pension to get health care, travel, household assistance, registration etc benefits. TWO ... Australia sells food and commodities to China, buys manufactured goods from China, we complement each other. Then Australia stands next to America and like the puppet it is threatens China re navigation, Taiwan, human rights etc ... and can't work out why China sources alternative trade partners. 😊🇦🇺

Jim Chalmers trying to separate RBA from the Australian Parliament, RBA Reforms Bill, section 11, from 1959 Act & placing a Public Interest Clause (so Parliament can gaol people for speaking out), cited The Citizens Report, 5.9.24, WEF, 'Build to Rent Scheme', Labor, Globalists

Australia's economy is 8th or less on the world scale so this needs to be taken into accoubt.

When everyone works for the government where do they get the money from?

Great chat fellas, storm clouds gathering.

Been looking forward to this

I pay more tax than Exxon Mobil 😢

Great talk Martin and Tarric thanks 👍

Democracy does not contain any force which will check the constant tendency to put more and more on the public payroll. The state is like a hive of bees in which the drones display, multiply and starve the workers so the idlers will consume the food and the workers will perish. --Plato

Great Talk Gentleman, and speaking such Truth...

It is all smoke and mirrors, just like the parliament where it is all pretent, like professional wrestling a sham act.

The only answer both major parties have is excessive population growth via immigration intake at the expense of the standard of living!

Are you all cognitively feeble? Having a natural resource in the ground doesn't automatically mean you are the best person to deliver it. The United States has massive deposits of Lithium, but where do they get theirs? Australia. Why? Because we have better quality ore and have a better supply chain. How is LNG any different? We never had the world's best LNG supply chain (that's the US), and it would be foolish for us to invest in it further as its projected price is diminishing. Right wingers often boast about being "serious" about economics, yet fail to apply basic economic principles in even the most simple situations such as this. Natural Gas can't just magically teleport from the ground to a customer's silo just because your feelings are hurt.

I worked at Barrow Island Chevron is raping the gas reserves for their own profit whilst we get penalised for using it. The govt gave them permission to build a gas plant on an A1 nature reserve Extraordinary when no one ele would be permitted to do so But Corporations dictate to govt and the weasel govt we have enforces their policies

The public service employee's are spending.

Absolutely brilliant. Content is all historic data, facts, and the concepts have been demonstrated as effective. Legislation appears to be required to guarantee the basic needs of Australians will be delivered. And to eliminate the impact of the inhumane wealth vote. The government needs to be enabled to deliver reform. Thankyou both for this insightful production.

The early warning signs are in full sight for the Perth property market. Arcadium Lithium announced it will close down the Mt Cattlin lithium mine resulting in 300 jobs to be lost. This takes the tally to 8000 jobs lost in the WA mining sector since last year after redundancy announcements from BHP, Rio, Mineral Resources and FMG. This will eventually dampen demand in the Perth market. Also with iron ore projected to hit $80/tonne, further job cuts in the iron ore sector could still arise.

Add in car price inflation and it’s far from surprising

Population growth with adult age temporary and education immigrants of course explains car loan demand. It’s not rocket science

US daddy wants to sell, you better buy

I thought Madeleine King was against an East Coast domestic gas reservation policy. It’s Labor and greens policy to oppose new gas fields in order to force renewables upon Australia. Exporters are happy with this as they’d prefer to export all of it. Neither they nor our own government give a shit about Australians being unable to pay inflated international prices for their energy needs. They’re a bloody disgrace and this needs to be front and centre at the coming elections!