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I lost over $70k when everything started to tank. Not because I was in an exchange that went belly up. I was just stupid to hold and because that's what everyone said. I'm still responsible. It just taught me to be a better investor now that I understand more of what could go wrong. It took me over two years of being in the market, I'm really grateful I found one source to recover my money, at least $10k profits weekly. Thanks Natalie Rose Strayer

Kouk, Chris Joye called a 30% fall in house prices... they dropped a record 10% before the government absolutely flooded this country with ridiculous levels of immigration and no excuse other than to constantly lie about it having no weight on upward house price pressure

Come on people government policy is driving inflation governments power policy's leading to higher transport cost ,refrigeration cost etc government policy on immigration leading to a supply crisis in the housing and rental market etc governent spending etc and we could go on there is no productivity offsets insurance is up the place is stuffed

Coles has insurance with HCF etc

Australia has been hijacked by UN👿 Globalist Agenda

You are missing the point all services are going up more than 3% . The cost of my land tax , rates , water and electricity from the July is all expected to increase by over 10% Kouk has no concept of the real issues . These are fundamental costs and that is why retail sales is collapsing

This guy is full of bs. Just checked online there are several properties under 2 1/2 million and under which are beautiful....e.g Kitchener road massive block.

So few comments and probably 2 of my favourite people discussing money about real Aussie money issues I’d feel so much safer with these 2 as PM and treasurer But alas we have this outdated political system with duds in every seat Mark please run for pm. We would vote for you !

Idiot politicians are putting more money into market by giving first home buyers grant etc. And also letting use of super

The northside is close to everything...like Pascoevale is close to Melbourne. Unfortunately you need to sit in a car for an hr to get anywhere. The northside has the Bruce hwy...gridlock most mornings. This is basically an ad for realestate...

Mark did you say money has disappeared out of the system!?! No, it's just gone I to the hands of the already very wealthy. Surely you know that?

Why is the Government's target 2% to 3% for inflation? With humans being more efficient, technological advancement, automation, ai, robotics everything should become cheaper. A house depreciates physically yet the price goes up, a bag of apples 20 years ago is still a just a bag of apples today yet we can grow and harvest more efficiently. The whole Govt and monetary system is a hoax.

Good to hear and see a person who has passion in what he does. Power to you Frank.

Ponzi on steroids

Lot more informative than the news, which likes to deal in sensationalism. Thanks for that. Economics is a cruel judge on how things are going. Wondering if the woman sleeping in my local bus shelter cares too much.

Still hopeful of a resurge in housing? Oh dear, we are stuffed!

Lol only a real estate agent could say the north side has better access than the southside... Maybe if you're east and hugging the gateway, if that's what you mean by the northern corridor, but any west of that and you are stuck in a rabbit warren of an ancient road network on over congested strodes The south side has a freeway and the busway running right down the middle of it between the city and the gold coast... (And the gateway too). Noosa is quite a drive, even from ascot. Meanwhile people anywhere on the south side can be at the gold coast in well under an hour.

These are the two blokes that said interest rates were too high a month or two ago. I'll be thinking of them if RBA hikes again. LOL

Me thinketh it is really disappointing to hear two European frugal, hungry, senior gentleman who worked their way up to be spreading the mainstream propaganda/narrative instead of inspiring the younger generation with hope for their future. Opportunities are always out there for people with eyes that can see, for example a young person can purchase a fixer upper or a unit out West anywhere between $3 -$700,000. And yes they probably haven't got the island benchtop, no ensuite and definitely not a walk away from Norton Street coffee shop but hey we all has to leapfrog our way up the .........same 'ol property ladder!@!?🤪😉🤑😁

"If we see interest rates come down then that means we have reached the peak of that interest rate cycle". Wow thats a big call and a simpistic outlook. (7:40). Must be true though, its on youtube

Me thinketh illeven of the twelve inflation numbers have been revised sounds more than a little......suspicious. And is the hundreds of millions of stored olive oil of which., the price has recently.......doubled!@!?😜🤪🤑🤑🤑

Inflation rate is so manipulated it has allowed the government to hollow Out savings and allow The housing bubble to encompass the entire economy

A few interest rate rises and the nation is stuffed! Makes you wonder why people die trying to get here?

What a great guest. I could listen to him for hours. So much energy.

I’ve run a home services business for 14 years and I can tell you I’m getting less enquiry. People are tightening their belts for sure. I’m also seeing more equipment in my industry go up for sale which means they aren’t making money & either downsizing or exiting completely. My 24yo son manages a Domino’s and he said figures are down significantly. That’s info from the coalface. I agree with The Kouk, lower interest rates will build more homes & eventually put downward pressure on prices (at least from one angle). RBA will hold the line longer than needed as usual.

This show is from the perpective if financial brokers who are only interested in making surebthat the ponzi system continues. Krep printing money and brokers keep getting rich

Inflation is wealth Cancer

Gentlemen. Sorry to point this out but your logic is very flawed. People can save faster if the interest rate goes up……

Whenever it is its too late for me. I sold my house, quit my job in the ambulance service and am moving to Europe. Whatever life is about, this aint it boys. It cant be. It has to be better than being a debt slave. Also you guys, you guys are making it sound way too complicated. The only thing that causes inflation is increasing the number of units of currency through money printing or debt creation. The only inatitution that can do that is the reserve bank. What do you think happens when you put thousands out of work during covid and then pay them centrelink, just create imaginary numbers in their accounts, basically print money. Its because your barber goes to the shops and realises he cant afford anything so he starts charging more.

Pretty difficult to shop around in QLD when everything is provided by a monopoly or duopoly.

HousePrice should be affordable for First home buyer

What a ridiculous idea. It is irrelevant what is causing it. If it is happening it must be recorded and we must take action to slow it and stop it. Including the gov reining in spending, the gov reducing or halting taxes on items, etc etc.

Coles sells Insurance

The politicians need to jump on a plane (economy seats) and visit countries that have already solved housing shortages. Its already been done! I can tell you the answer is not government housing. Its all about tax incentives for investors to generate housing stock.

Coles might only have a 2.2% increase, but that's from a 20 to 25% increase since covid. Wages haven't increased to match. Reduce the price of protein and let people eat properly.

Heres my tin foil hat question.. What mechanisms are in place to prevent banks influencing each of the RBA decisions to hike or not? The main tool for halting inflation that we keep going back to is basically not working yet the banks are absolutely rolling in profits.

Its very simple... If inflation is not decreasing and becoming sticky they will hike rates. Lowering rates is inflationry we are picking up speed so will need more braking power..

Ok 1 way fix for housing building, release cheap crown land, so builders can make money.

So why wasnt inflation running out of control when the cash rate was below 1%? It should have been on fire however it is the opposite of what they are saying now. Can somone explain please?

There is constant confusion (even amongst economists!) between the terms "inflation" and the "CPI". Inflation used to mean “the money supply”. It is now the lay term for “CPI”. The media certainly never separates the two, always spruiking hyperbole to scare people. Sells more eyeballs. The CPI went ballistic due to the covid pandemic (what everyone calls"inflation") but the overall money supply trend has been weak since the 2008 GFC - dampening world growth under 2% for well over a decade. Yes there was a massive government fiscal stimulus and increase to the money supply from the pandemic, that flowed thru the banks to CPI prices for a couple of years (more in circulation chasing the same even lower number of goods and services), but GDP growth has been lagging trend since 2008. The pandemic fiscal irresponsibility and resultant surge in CPI was a severe anomaly. It devalued our currency by 25-35% in one awful hit (we will never get that purchasing power back) But in essence what we had was a CPI blip over the current "money supply" trend - which is actually stagflation (even deflationary at times). The CPI is now coming down as the pandemic passes. Overall, it is actually private banks that “print” most of “the money" - by making loans. Certainly in quieter more "normal" (non pandemic or war) times. They only increase this lending when they feel confident in the economy (the risk of loan default is less). The private banking sector hasn’t felt confident since the banking system almost collapsed in 2008/9. They certainly don't feel confident lending, when they see irresponsible and unproductive fiscal spending by government. The money supply has been shrinking further during the last year, certainly in the US anyway. That's why "inflation" (read CPI in this case) has been coming down. Not 100% sure about Australia, but my feeling is the money supply has been recently falling here as well. Lending has been tight. Probably as tight now as it has ever been since the GFC. The issue is there is always a lag between money supply changes and the CPI . In this case a very long lag. Hence the term “stagflation”. Then recession hits as the tighter money supply kicks in. The central banks make decisions on the wrong data. By targeting things like employment. Data that has already happened. (The rear view mirror). Leaving rates too hi - for too long, making it worse. The RBA has already sleep walked the economy into recession. Particularly in Victoria. Koukoulas is spot on here when he focuses on retail sales and consumer sentiment. Same with Bouris focusing on job adds. This data is indicating recession. Right now. Recession will only be "declared" after lagging index data is released. Like unemployment rising. And GDP figures that are already 3 -6 months out of date. *After* the event. Remember the "official" definition of recession is only after 2 consecutive quarters of negative growth. That is half a year! This is why rates are eventually coming down, not going up. And staying down for a very long time until world growth in developed countries hits a post industrial revolution expansionary trend again. That is gets well above 2-3%. The cost of energy is never factored into models by economists. Now energy costs are accounted for - (governments are forcing this due to climate change) there is a risk we will never see world economic growth again like we saw during the last century. It certainly won’t happen, until a new form of cheap base load energy is discovered. Independent of fossil fuel or radioactive emissions. Which might be a very long time. And that's up to physicists and engineers. Not economists. And definitely not politicians. Just MO, No advice.

Inflation is ALWAYS caused by government creation of money. This guy doesn't seem to understand that. And he's an economist?!?😂 I believe Koukoulas and the rest of these mainstream hacks were calling a top 3% for the RBA cash rate last year. When a capsicum costs $4.50, I know this economy is in deep shite. Basically, Australia is a nation obsessed with real estate investment and everyone is gouging everyone else to pay their mortgages on their overpriced properties or their overpriced rents. I'm glad that I'm selling up and getting the hell out of this giant Ponzi scheme.

The narrative is so easily controlled by media. Actual inflation is easily 2 or 3 times higher

A lot of super low, fixed interest mortgages are rolling off currently. I know that this is the main driver of my current spending habits.

Time stamps please.

Missing your two minute takes since you blocked me, kouk.

Kouk is not in good shape. That inhale is deafening

Hey mark, love these monthly pods. Question tho, why do you constantly get so annoyed at mainstream media commentary? I don’t think at a macro level it changes anything? I can always remember everyone saying doom and gloom and this and that. Housing has never gone backwards in Australia (most areas) as ppl keep buying and not listening to the “experts” on mainstream media. If u can afford it, u will buy a house in Australia, it’s that simple as ppl need somewhere to live

23:10: Are retail sales low due to interest rates, or is it because everyone is doubling down on pushing house prices higher? The Perth market at the lower end is so mental now, you cant even buy. Unless you offer just the most insane price. And almost no conditions. Brisbane and Adelaide less so, but still very strong. Brisbane prices are up 16% over just the last year alone. Motor vehicle sales are still setting records also. Where all these 'broke' people getting so much money from?

Love the commentary, but PLEASE stop apologising constantly when you are calling out bad calls people made. Call it as it is……the truth is always your friend.

People cannot take these prices. They need higher rates to cause deflation.