Brisbane Property Market: Buy Now or Wait?
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- čas přidán 13. 09. 2024
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Back in the day, when I purchased my first home to live-in; that was Brisbane in the early 1990s, first mortgages with rates of 8 to 9% and 9% to 10% were typical. People will have to accept the possibility that we won't ever return to 3%. If sellers must sell, home prices will have to decline, and lower evaluations will follow. Pretty sure I'm not alone in my chain of thoughts.
If anything, it'll get worse. Very soon, affordable housing will no longer be affordable. So anything anyone want to do, I will advise they do it now because the prices today will look like dips tomorrow. Until the Fed clamps down even further, I think we're going to see hysteria due to rampant inflation. You can't halfway rip the band-aid off.
Home prices will come down eventually, but for now; get your money (as much as you can) out of the housing market and get into the financial markets or gold. The new mortgage rates are crazy, add to that the recession and the fact that mortgage guidelines are getting more difficult. Home prices will need to fall by a minimum of 40% (more like 50%) before the market normalizes.If you are in cross roads or need sincere advise on the best moves to take now its best you seek an independent advisor who knows about the financial markets.
@@williamDonaldson432 Impressive can you share more info?
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with Annette Marie Holt for about 3 years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
Thanks a lot for this suggestion. I needed this myself, I looked her up, and I have sent her an email. I hope she gets back to me soon.
I don't think property prices are going to continue as is. I sense big changes ahead with the financial system and policy changes. It can't continue as is.
Yes, that is a very rational thought. Unfortunately policy changes that impact the property market are highly political, so the 'can' will inevitably be kicked down the road until it is politically advantageous for the government in power to make changes.
I just sold and I’m going renting so iv seen how many people are viewing open homes at sales and rentals . The numbers are differently slowing . Im north Brisbane. I think the RBA will have to hold interest rates high for longer than other countries because they didn’t lift enough so inflation isn’t under control. My guess is super high immigration is over and unemployment will carry on up. Like a lot of countries . Debt is to high and it’s hard to find people that can afford these new high prices. I think listing will skyrocket. Unemployment will go north of 6%. Demand will carry on getting worse to buy and rent housing. Housing in Australia and nz was correcting in 2019 before the pandemic because prices were to high, my guess is we carry on down like 2019 or even a downturn when the pandemic first hit but wasn’t aloud to happen because of central banks. Having a OCR in 2019 of around 2.5% and then crashing it to zero then up to 4.35% then back to say 2.5% is just messing with peoples heads. House prices and debt and rentals have skyrocketed to unrealistic levels, remember 2019 prices were to high and the debt was a hell of a lot less then
You posted this in other places too…
would love you to do a livestream or video where we can send in our recent property acquisitoins and you can give your opinion on them
Good coverage of the data
Nice video Luke, I'm selling up in Adelaide and moving to Brisbane for work. I'll be right in the valley, what would you recommend the next move be? Should I rent and buy back in Adelaide and get a home or buy an apartment in Brisbane & be close to free hold with the ability to start saving for the next place while also taking advantage of no CGT on personal home?
I'd first rent in brisbane so you can get a feel for the city and rentvest & then look to buy quality houses on over 600sqm in built up suburbs in either Brisbane or Adelaide.
Cheapest sections of Logan and townhouses maybe some houses. Few cheap once. Gentrification happening there , close to cbd. Still and last really afordable place close to cbd , transport etc but changing quickly. Before stigmatised: Bogans , poor immigrants etc. Eagleby , Woodridge , Logan Central and so on. Now cheapest accelerating fast , Localisation! Just check datas. In only six months I have created little fortune overthere. Right now you can grab 2 bdr townhouses for around 400k (check how they changing) and focus on capital growth.
Good information.. great data
Thanks Luke for video - whats your thinking about the legislation being brought to parliament lately to have a firm 40% only overseas immigrants limit applied to all universities ?. How many universities are within brisbane Luke ?. Just wondering as Sydney and Melbourne are looking at a very substantial number plus vacancies are near 3.5% within 5km of both city centre’s is Brisbane rising also ?.
International (and domestic) students aren't buying properties, but they are renting - so while the rental market might see some stabilization, I can't see it affecting prices with so many international investors and first home buyers.
@@lobuvies many investors were buying for international students to rent though so who will pay their rents and incoming Extra land taxes that are rolling out across the country like Victoria. It Will be also interesting with so many mines closing and major mines opening in Africa and Algeria Iron ore major productions. Possibly will be the same effect on Australia sector like the Nickel/Lithium sectors now closing. Unfortunately thousands of small businesses closing also so looks like a uncertain 2025/26 imo
Would be good if you can link the documents you include in the description. Thanks for a useful vid
Might try that course mate!
*Amazing video, you work for 4Oyrs to have $1M in your retirement, meanwhile some people are putting just $10K into trading from just few months ago and now they are multimillionaires* ...
Hello, I am very interested. As you know, there are tons of investments out there and without solid knowledge, I can't decide what is best. Can you explain further how you invest and earn?
Hello how do you make such monthly?? I'm a born again Christian and sometimes I feel so down🤦🏽of myself because of low finance but I still believe in God
I'm favoured, $90K every week! I can now give back to the locals in my community and also support God's work and the church. God bless America,, all thanks to Mr Jeff Clark
Is there any way to contact him
he's mostly on Telegrams, using the user-name
what is a good area to buy for long term growth with 1mil? for house. I am been a long time subscriber. Keep up your good work and hope you stay well !:)
What will unemployment do to the property market?
I appreciate the information in this video, Luke. I have a few properties in the Moreton Bay and Logan City Councils (couldn't afford to get into Brisbane) - will this predicted growth spread to these areas/councils as well?
Yes and good you bought there not the expensive once
All sounds good until people cant eat and have less money to spend means businesses collapse and unemployment rises. Then people can't pay their mortgage. Dangerous advice here.
Informative video
A buyers agent weighing in on whether they think you should buy or not. Gee, I wonder what they will be recommending 😂
@@mrdobalina3451 buy buy. Never sell 😂
Labour putting in unrealized gains tax for those over $3M - that's going to be problematic for investors doesn't take too much in land now to hit that.
this is for superannuation not for personal portfolios
@@lukewiles1 People have land in their super too and if it starts in super it wont be long or a stretch to see it go further.
Vote labour out 😅
when a house cost $10M, a loaf of bread $30, a pint $100 , a pie $60, a pizza $200 you know you're in Ozville stone broke
It’s going to happen within 10 years. Ppl just can’t see it bcse of the censorship
Forget about the nightlife. Brisbane is the most liveable city in Australia, if not the world...
I suspect this vlog is completely self serving, one only needs to look at what the RBA has said, what other markets are doing, what wages, inflation etc, I think it best not to take advice from real estate agents or brokers in this regard, hardly impartial…