Australia's House Prices Are Going Insane!
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- čas přidán 6. 09. 2024
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passive income from property
Australian property investing
Australian property market update
interest rate changes
cashflow positive properties Australia
Rising house prices and stagnant wages are terrible for the economy, hugely damaging for our kids and even bad for most home owners.
The government must take action!
5 years ago i was planning to get out of my mining job that supplied company housing. There were 3 other people i worked with looking to buy at the time. I bought a house online in the area I wanted to move to without personally inspecting it with the thought at least i am in that market, if we move there and don't like it we can easily upgrade. The others thought i was mad. 12 month's later the 3 that were now complaining that houses were 10 to 20 % more said that i did the smart thing. Maybe i should of explained my thought process to them. Oh well co workers not friends.
With such a high demand with low supply. The crash will never come. When interest rates drop, house prices will continue to grow
At what point will housing eat into the rest of the economy? If people spend more and more on housing, they spend less at small business, who actually employ those who buy the houses. Or am I missing something?
That is the problem now. People are spending too much on rent because of the lack of housing. Only older people who own their homes have been increasing their spending. Builders can be small business, more spending on builders employs more people. The risk is too much of the economy is in one spot, if a housing crash happens...
Once rates fall, prices will go up further. i.e. likely by end of year.
💯
Is this good news? If electricity prices rise, is this good? Groceries rising?
So why is rising house prices seen as good news?
You’re missing the point…. He is trying to warn you that they will
Don’t to go up
So get in now
@@chookie131 He is a buyers agent. He will NEVER not tell you right now is the best time to buy. This channel is an advertorial not actually information.
Exactly
@@scottwilliams1623 it’s easy….. don’t buy when the heard returns to the market ….. for sure then a crash is coming. Be greedy when others are fearful… and fearful when others are greedy
House prices are not expensive. Wages are very low or have not kept pace with inflation. If you factor a Sydney property with a property in any other major western country major city, about the same distance from CBD and coastal consideration, including money exchange rate (dollar, Euro, etc) Sydney house prices are cheap!
😂😂😂😂😂😂average house in Sydney is 1.6 million for a dump 15.5x your income we have 2 nd most expensive property market in the world . Same house in the us $400k 😂
Brisbane house prices are 70% higher now, than in 2018. The RBA cash rate was 1.5% in 2018. Brisbane house prices were flat to falling. Today it is 4.35%. And Brisbane prices rose 16.1% over the last year.
Is there really a link between house prices and interest rates?
No, high population growth causes rents and house prices to rise.
If they put them up to 7% , remove negative gearing and the 500,000 Immigrants … we might find out
@@Surfdays.australia I'm happy with this experiment! Where do I sign up!
Indeed, whilst immigrants may not buy straight away, excruciating rental demand will fuel house prices.
just look as all the house building companies now they all just went up10K+ all over the bored
Ravi, KFC uses Canola oil, it’s toxic mate do the research on processed seed oils
Good health to you sir
Love all your advice about property mate.
I know :( it’s so sad but, once in a while ;)
What goes up
Must come down
No!
Yep. But CZcams gurus aren’t interested.
Err. Melbourne’s current collapse is accelerating. I’m looking at properties inner city I couldn’t afford a year ago, with a flood of reduced, passed-in and “price withheld” results. By December the MSM will be interviewing tearful vendors. Watch this space.
Interest Rate drop = Higher House Prices
Higher House Prices = Higher Rates
I would like to see them creep just a bit higher.
Rates or house prices?
We put extra 55k to an apartment, their asking price is 359k. Plus 20k additional in transactions.😅
It was always undervalued in many cities- compared to NZ
Yeah it's crazy in NZ. All about context
Lies, damned lies, and statistics. Property is now the preserve of the rich. Everyone else can find a bridge to live under.
I totally agree, what the hell is with KFC selling Pepsi.. why does anywhere sell it 🤷♀️
Buyers will be exhausted at some point in the future. But i shudder to think what prices will be then 🥶
Thats just the tip of ice-breg, good luck for future
There is an old saying, never ask a barber if you need a haircut. The same applies to taking investment advice from anyone in the property game. The economy is fully cooked and the smart money has already left. Ravi himself cannot afford to buy a home. This channel is a Grift, trying to grab a commission and clip the ticket for adding virtually no value. It is the story of these current times when Australia is property speculation dressed up as nirvana. Even the building industry itself has been eaten alive by the only game in town, speculating on house prices.
Do you reckon if I stopped eating KFC I could afford a home?
Haha 100% wish KFC had coke zero
I use to have beautiful house. Big house. Expensive house. In the millions. My beautiful naive wife lessons to here mum ( mother in law’s from hell ). She divorced me. We sell the house. Now we have nothing. People’s dram to have beautiful houses. Out is very difficult to own. Divorce my mother in law’s from hell. And divorce my beautiful wife ( naive wife ). Love my wife. But. … mother in law’s fuck us all. From having beautiful house good life to nothing. Lost everything. Time to die. Nothing to look in life anymore. In 2 weeks I be dead. DEAD IS FREEDOM. FUCK IT.
Hey, don't be stupid. You are free now. Free from mother-in-law from hell, free from naive (stupid) wife. Enjoy your life. You don't need an expensive house.
Go to Asia mate have it all
bro go to another country where you can get more bang for your buck and gather new experiences. Enjoy your freedom and enjoy your life.