The Dream of Home Ownership Finished?

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  • čas přidĂĄn 29. 06. 2024
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Komentáře • 69

  • @thetwowheeledintrovert3367
    @thetwowheeledintrovert3367 Před 23 dny +7

    The maths is pretty simple right, uncomfortable, but simple. If you’re on an average salary, you can rule out the capital cities - with the exception of Darwin. I was in Armidale recently, two bedroom townhouses for $300,000. Great start, nice location, has a university. Just took ownership of a 2 bedroom, 2 bathroom, 2 car unit in Darwin, just under $300,000. Again Darwin has a university, and is strategically important to Australia - plenty of government jobs. Hasn’t grown much in the past decade, but it’s affordable - and is the only affordable capital city left. Finding an affordable place is key, equity is great, but you need to be able to find a place that gives you the ability to service your next property.

  • @YTSEO_EXPERTT
    @YTSEO_EXPERTT Před 21 dnem

    Great!👍

  • @Scottweeier846
    @Scottweeier846 Před 20 dny +34

    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 Strayer..

    • @Josephbasta827
      @Josephbasta827 Před 19 dny

      I'm surprised that you just mentioned Natalie Strayer here also Didn’t know she has been good to so many people too this is wonderful, i'm in my fifth trade with her and it has been super.

    • @Nguyenvictory83
      @Nguyenvictory83 Před 19 dny

      The very first time we tried, we invested $2000 and after a week, we received $9500. That really helped us a lot to pay up our bills.

    • @Jessecote875
      @Jessecote875 Před 19 dny

      Natalie Strayer has really set the standard for others to follow, we love her here in Canada 🇨🇦 as she has been really helpful and changed lots of life's

    • @Rodriguezpaul-9
      @Rodriguezpaul-9 Před 19 dny

      I'm new at this, please how can I reach her?

    • @carolynvo7802
      @carolynvo7802 Před 19 dny

      After I raised up to 125k trading with her I bought a new House and a car here in the states also paid for my son's surgery
      Glory to God shalom.

  • @jana8849
    @jana8849 Před 23 dny

    Regional towns and cities still have affordable houses. I live in regional northern queensland and I am living the dream.

  • @user-vr1ut8jx1x
    @user-vr1ut8jx1x Před 23 dny +2

    Your videos are dope.

    • @lukewiles1
      @lukewiles1  Před 23 dny +1

      thanks man! appreciate it. We're always trying improve the videos

  • @overdriveoutershaxson1837

    I remember you said you purchased your first property for $800,000. How much did you end up selling it for and how long did it take until you got your first sale?

  • @malkov0001
    @malkov0001 Před 22 dny

    Don't be obsessed about owning a freestanding house if you are not rich. Look at how people live in NYC, Paris, London, Milan, Rome, Hong Kong, Singapore, Bangkok, Saigon etc. Just buy a 1 or 2-bedroom flat near a train station. The further out from the CBD, the cheaper. Try to utilise the first homeowners grant to the max.

  • @SidneySutton-dm5ur
    @SidneySutton-dm5ur Před 23 dny

    All human are trapped in"material wealth" as the usual.We can set as best we can drive ourselves and along the journey to reach the dream ,there are so many factors to deal with?!?!

  • @user-tm7in5xw2e
    @user-tm7in5xw2e Před 22 dny

    Who do you think are responsible for the housing crisis?

  • @user-cr3fc8or6o
    @user-cr3fc8or6o Před 23 dny +1

    It's corruption

  • @BenThomas089
    @BenThomas089 Před 23 dny +2

    Thanks for sharing Luke,I fear unless you have the bank of mum and dad or a hand out hard work, house hacking or any other trick one may have used in years past will no longer be enough to get on the ladder, rising rents, higher rates and no stop to the inflow of millionaire immigrants prices only have one way to go, that is up! For instance a couple with the same skills, station in life and so forth trying to achieve what you have now would be significantly harder if not impossible given recent price rises/rental pressures we now experience. Home ownership is now a land for the privileged, as that is what it is a privilege to own a property not a right or norm in modernity as we know it.

    • @lukewiles1
      @lukewiles1  Před 23 dny +1

      If Emily and I started again in today's environment I'd be looking to break into houses at the $800k price point and reno every 12months to sell capital gains tax free and then roll into bigger and bigger projects. I think it all comes down the individual/couple. It's still possible just not easy

    • @thetwowheeledintrovert3367
      @thetwowheeledintrovert3367 Před 23 dny

      @@lukewiles1 credit to yourself and Emily, its never easy. Looking back it looks ‘easier’ than it is now, but at the time it’s hard no mater when you start. In twenty years our kids will be asking why we didn’t buy more, property was so cheap, and their kids will ask them the same thing.

    • @thetwowheeledintrovert3367
      @thetwowheeledintrovert3367 Před 23 dny

      There are lots of opportunities out there, they may not be your dream home in your dream area etc. But they are out there. Simple Google search for a property that suits your needs, i.e. how many bedrooms - not want but actual need. Then jump onto seek and see what jobs are on offer in that location. Then take a look at the next location etc. I would start with locations that have a university, reasonable career opportunities with a large range of jobs.

    • @BenThomas089
      @BenThomas089 Před 23 dny

      @@lukewiles1 agree Luke, what i was hinting at is unless you now have the ability to earn a medium to high income the ability to scrimp and save has been eroded, I think the essence is that the fabric of what we know and love in Australia has changed a lot recently, better for some and worse for others. However my main concern is the pressure on young people to pursue certain vocations purely based on financial motives and other areas like the arts or lower paying professions avoided for the sake of home ownership or affording rent. It is a tricky situation but as someone who has done well out of the rising market I am just sharing my thoughts on this situation and will look to help bridge that gap in the future for those less fortunate and appreciate your videos as they are a great tool to help others in their journey.

  • @graycresswell-xi6gk
    @graycresswell-xi6gk Před 23 dny

    I just have to applaud your content man, well done. at least from $15k to $70k plus profit weekly and it was incredibly insightful, Can't stress enough how helpful experts in this field are!

    • @ryanosterud558
      @ryanosterud558 Před 23 dny

      The decline in my crypto portfolio recently has been very disheartening. Holding it doesn't really do much good. Do you have any ideas on how you can earn better in the short or long term?

    • @Collinsmith-yy9fx2nl6b
      @Collinsmith-yy9fx2nl6b Před 23 dny

      It's important to have a well-thought-out strategy and not make impulsive moves based on short-term market fluctuations. Patience and a long-term perspective are key. You should consider a market expert to guide you.

    • @jameshaper
      @jameshaper Před 23 dny

      To obtain financial freedom, one must either be a business owner, an investor or both, generating passive income, particularly on a weekly and monthly basis .that's the key to living a financially stable life. I pray that anyone who reads this will be successful in life...

    • @Jincui149
      @Jincui149 Před 23 dny

      The truth is, with this recent economy everyone needs more than their salary to be financially stable. The best thing to do with your money
      is to invest it rightly because money left for savings always ends up used with no returns...

    • @YouTubeExplore77
      @YouTubeExplore77 Před 23 dny

      What strategy do you use to grow your crypto

  • @ChristopherSynder
    @ChristopherSynder Před 23 dny +1

    Thank alot you for the content!! All we need is the right advice on how to invest in crypto and we will be set for life. I made over half a million dollars from trading this year regardless of the market conditions😊😁

    • @CharlesHuggins-n9v
      @CharlesHuggins-n9v Před 23 dny

      Impressive! How did you manage to do it? Would you mind sharing your secret?

    • @ChristopherSynder
      @ChristopherSynder Před 23 dny

      I am very thankful to Marina Turner because her knowledge and skills in traditional trading have been extremely useful in the difficult and constantly changing world of finance.

    • @BillMull-
      @BillMull- Před 23 dny

      Same here all thanks to Ms Marina Turner, she has always been there to guide me through with detailed analysis and recommendations that I wouldn't have access to otherwise.

    • @CarolineNiven-v7j
      @CarolineNiven-v7j Před 23 dny

      Marina Turner analyses go beyond surface-Level trends. he delves into technical, fundamental, and sentiment analysis, providing a holistic view of the market.

    • @CherylReynolds-i8x
      @CherylReynolds-i8x Před 23 dny

      She is really a good investment advisor. I was privileged to attend some of her seminars. That is how I started my crypto investment