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Great question! All too often there are quotes provided by this expert or that expert as if the information they provide has strong substance and credibility when, in reality, they have little clue and base their opinions in VERY broad assumptions. Perth price was going to hit $1 million in the early 2000’s……and then the GFC hit.
They need to stop immigration outside of family and partners. And stop foreign investment until things smooth out. Because this is just getting dumb, and government needs to look after future generations
@Therearealwayshiddenagendas they won't come purposely only at you. People with nothing to lose will attack society and everyone will lose by the way of robberies, attacks
I am a property investor with a substantial portfolio.My personal opinion is right now is a good time to sit on the sidelines if you have to get a loan over 50% LVR.The political environment is too risky, basically you can't trust governments which in turn means banking rules/charges, taxation changes & rental laws are trending in the wrong direction.There are always good deals to be done in property if you are patient.Have a plan B & C get out plan if things don't go as expected because the unexpected usually happens.Eg Covid restrictions, vacant property tax,rental restrictions,sharp interest rate rises,broke builders all happened in past 4 years.
Even just at these rates maintained we are likely to see a massive growth of default loans. Each month as fixed role to monthly you will see the pressure build. Those older then you have seen it al before. How we make money is buying 2-3 years into a downward cycle when for sales signs are everywhere …
5:30 PK i understand supply & demand but isn’t the crazy price increases behind us because from now onwards, the supply is increasing over the next 2-3 years? I know it’s still under supplied, but supply is actually being added. As apposed to the 2020-2023 period where we had an under supply plus no new supply. The crazy craziness is behind us. Now we just have to deal with increase of supply, which will stabilise prices somewhat and minimise craziness
Hey good call.. supply is increasing but not fast enough to meet demand.. it’s not even increasing as much as pre covid times as mentioned in the video :)
@@AusPropertyMasteryWithPKyeah APRA Stress Test now and in 2025 will sort out the greedy. The Purpose of Superannuation and Agedcare Review is due out in Fed Budget 2024. All of that will deal with "liar loans" (all of them). There's also Blackrock, Bain Capital, Brookfield, Blackstone etc landing here having dealt with housing markets is USA, UK means they are over here coming to take things. Then the HAFF with States will burst yields by taking out the demand. The rest of the heavy lifting will be the restrictions in the Immigration numbers. Insurance and Strata Fees will take profits off any Mum & Dad landlords remaining. Suspect ATO will cease paying business claims beyond just 1 investment property....start reading the AFR, The Australian, Core Logic and APRA. Taking Australia back from speculators and pensions.
My waterfront property in Midway Point, Tasmania is silently on the market for 1/3 of the price of an very ordinary house in Sydney. Here you can buy a 1200 metre block with an established home with incredible views for less than $1 million. People miss out on great deals because they do not consider regional areas. Midway Point is 10 minutes from the airport. 1.5 hours from Melbourne.
It's called:- "SMSF Mate" and "Equity Mate". To Banks it's called LRBs and Securitization.... To losers it's called lost super & primary residence. But it is fun to watch them running around like it's the 1750s Jane Austenland....
PK, out of interest for an owner occupier type property in Brisbane for lifestyle vs growth prospects what areas do you like in the $750k-$800k range. 5km to CBD Townhouse vs house in the outer rings (worse lifestyle, schools etc)
no negative gearing, a winding down of the discount on capital gains, restrictions on immigration, government subsidies on property developments... a boom in prices? very very unlikely
7% p.a. for three years given the severe shortage of housing, surge of immigration and incapability to deliver the demand, with construction costs to rise +30%. 7% p.a. is the 30 year average. It's by no means a boom just business as usual, given Sydneys years of 10-20% YOY rises since 2010.. with construction costs rapidly rising, high chance thr RBA will need to keep rate rises going in attempt to control construction costs, as these costs being so large will cause inflation to get out of control. I think inflation prediction analysis would be a good video PK
That is relaxing, I was worried with the news of recession. Can you please do a video on regional including Mt Gambier/Toowoomba or a separate video on Toowoomba as there are a fee comments about Toowoomba Thanks for all the information you have been providing on youtube
No way the government is going to clamp down on land banking and land is going to be forced onto market by legislation that will force land bankers that have land for longer than 2 years to sell. This is going to make building a house for first home buyers much cheaper and the Market will drop prices for existing properties as well because building will be very cheap. Renters will move into their new homes and investors will have to sell because there won’t be renters available.
The resources sector in perth appears to be going for a down turn, I’m guessing this is going to affect the job market and make perth less attractive to immigration.
No one talking about Melbourne when that’s literally what happens when you load up a city with low quality townhouses and units. Completely levels off and stagnant.
Please please please........provide a session on regional areas that are great investment opportunities nationally. Im particularly interested in VIC please
Thanks for the upload. Always useful. Could you do another "affordability" test for perth medium house prices (i.e 30% of house income vs mortgage payments)
I own a home in Perth but I live in Victoria. I want to buy a house here but I’m holding off because it’s doing so well over there. I have had my Perth home rented out for the past 3 years and I know I’ve got 3 more years to sell because of the 6 year rule. Am I doing the right thing? Or should I never sell Perth as I own it outright? Maybe I should keep Perth and buy another house in Vic and stop worrying about paying cgt if I sell it in the future? Maybe I should keep renting in Vic for a few more years then sell Perth and buy here? What would you do in my situation please PK?
How about having a look at Karratha WA as a boom is just about to start. A new gas train at Pluto, another fertilizer plant, I believe a hydrogen plant and a solar field and Power generation plant to allow Woodside offset their carbon footprint. The rents in the last boom i.e. around 2006 etc were $2000 a week. Might be a good option to look at this regional town. We are just about to leave and expecting $1400-$1500 a week for a tidy brick 4x2 and the boom has not started yet.
Very easily fixed... Supply and demand..Just build more houses..Then the price will come down to acceptable levels..Making it FAIR for majority of people not just for the few.. 😘
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Not much work in Australia now.
The rent has gone up you can not survive here.
Regional would be great
Please post some data that illuminates whether or not Oxford Economics has a demonstrated history of accurately forecasting house price movements
Great question! All too often there are quotes provided by this expert or that expert as if the information they provide has strong substance and credibility when, in reality, they have little clue and base their opinions in VERY broad assumptions. Perth price was going to hit $1 million in the early 2000’s……and then the GFC hit.
Regional! Keen to hear more about growth forecasts in the different states.
Regional - NSW, Qld and Victoria
Regional.. QLD and VIC please
Regional, TSV in particular. Thanks
They need to stop immigration outside of family and partners. And stop foreign investment until things smooth out. Because this is just getting dumb, and government needs to look after future generations
@@Garden-offgrid просто дурак 🤣
@@Garden-offgridthe homeless with northing to lose will come to your door
@Therearealwayshiddenagendas they won't come purposely only at you. People with nothing to lose will attack society and everyone will lose by the way of robberies, attacks
regional please !!!!!! NSW, tamworth, armidale, dubbo
Regional please across all states
Awesome video! Regional would be great, Townsville in particular.
I think you will do QLD regionals.. Also VIC regionals please.Thanks
Regional would be great thanks PK 👌🏻
NSW Regional - Armidale etc.. no one talks about it.. always capital cities
I am a property investor with a substantial portfolio.My personal opinion is right now is a good time to sit on the sidelines if you have to get a loan over 50% LVR.The political environment is too risky, basically you can't trust governments which in turn means banking rules/charges, taxation changes & rental laws are trending in the wrong direction.There are always good deals to be done in property if you are patient.Have a plan B & C get out plan if things don't go as expected because the unexpected usually happens.Eg Covid restrictions, vacant property tax,rental restrictions,sharp interest rate rises,broke builders all happened in past 4 years.
You just killed his entire sales pitch.
Maybe this is true
Yet , property prices in 4out of 5 places only went one way 🆙.
Wow.. very comprehensive and useful analysis.
Regional! Would love to hear your thoughts on Gladstone and whether fundamentals have changed to make it long-term play
Been watching this place lots of heavy industry houses seam to go under offer fast has gone through a boom before
I don’t have any dog in the game I’m looking to try find something for my family
Regional please. Especially regional NSW (Wollongong, Dubbo, Bowral, Orange) and VIC (Ballarat, Bendigo, Geelong etc). Regional QLD would be good too.
Even just at these rates maintained we are likely to see a massive growth of default loans. Each month as fixed role to monthly you will see the pressure build. Those older then you have seen it al before. How we make money is buying 2-3 years into a downward cycle when for sales signs are everywhere …
Regional deep dive please 🙏🏻
@ 4:12 What software do you use to create this videos, such as inserting this graph into the video? Such great content by the way.
So from a Median of $800K to $1.2mil in 3 years...that's a 50% growth...is that 18% annualised and compounded??!!
Is is worth investing warehouse unit
Great one with backed up data. Regional!
Regional would be great. I'm planning on a couple of investment properties in Darwin area or Perth
Regional vic has slowed considerably. Plenty of construction people out of work.
5:30 PK i understand supply & demand but isn’t the crazy price increases behind us because from now onwards, the supply is increasing over the next 2-3 years? I know it’s still under supplied, but supply is actually being added. As apposed to the 2020-2023 period where we had an under supply plus no new supply. The crazy craziness is behind us. Now we just have to deal with increase of supply, which will stabilise prices somewhat and minimise craziness
Hey good call.. supply is increasing but not fast enough to meet demand.. it’s not even increasing as much as pre covid times as mentioned in the video :)
@@AusPropertyMasteryWithPKyeah APRA Stress Test now and in 2025 will sort out the greedy. The Purpose of Superannuation and Agedcare Review is due out in Fed Budget 2024. All of that will deal with "liar loans" (all of them). There's also Blackrock, Bain Capital, Brookfield, Blackstone etc landing here having dealt with housing markets is USA, UK means they are over here coming to take things. Then the HAFF with States will burst yields by taking out the demand. The rest of the heavy lifting will be the restrictions in the Immigration numbers. Insurance and Strata Fees will take profits off any Mum & Dad landlords remaining. Suspect ATO will cease paying business claims beyond just 1 investment property....start reading the AFR, The Australian, Core Logic and APRA. Taking Australia back from speculators and pensions.
Regional like Townsville would be great
Regional - Launceston
Nobody talks about Tassie and you have big following here in Tassie and we'd love your forecast for Launceston.
No jobs. Cold. It won’t increase much.
My waterfront property in Midway Point, Tasmania is silently on the market for 1/3 of the price of an very ordinary house in Sydney.
Here you can buy a 1200 metre block with an established home with incredible views for less than $1 million.
People miss out on great deals because they do not consider regional areas.
Midway Point is 10 minutes from the airport. 1.5 hours from Melbourne.
Wow 30% increase in projections in 3 years for Perth. I’m putting all my money there
Thanks PK. Regional would be so appreciated!!
I am no genius but if there is demand and no supply value goes up.
great video, can you please tellvme what internet you get data and any magazine i should subscript
Regionals with some region names mentioned please! ❤
I am based in Melbourne and looking to invest. So where should i be looking to invest in next 2 to 3 mths time.
Thanks
how is toowoomba looking pk?
Regional! Yes please, do a deep dive into the regional setting.
Regional will be a good insight
Can you please explain why there are so many rich people around to afford those high prices
Booomers own their 1.5-2.5 mil houses outright
It's called:-
"SMSF Mate" and
"Equity Mate".
To Banks it's called LRBs and Securitization....
To losers it's called lost super & primary residence. But it is fun to watch them running around like it's the 1750s Jane Austenland....
Increase in min. wages also flow up.
Inflation
The dollar is worth less every year,
Prices rise
They started early and did not sit around thinking about it
There has to be a 'red tulip' moment in the property market but then again we have negative gearing in Australia..
The Padbury Craigie Beldon Heathridge corridor in Perth is still cheap and the prime coastal location location location 👍
PK, out of interest for an owner occupier type property in Brisbane for lifestyle vs growth prospects what areas do you like in the $750k-$800k range.
5km to CBD Townhouse vs house in the outer rings (worse lifestyle, schools etc)
yes regionals please thank you
Thank you PK for sharing all this great data and information.
Do Regional too please.
townhouses in glen waverley and mount waverley are going easily to up to 1.45 millions for sub 300 m2 land size.
So where will all the trades people live if you bring them from overseas?
Regional. Toowoomba, please.
They need to up the wages for trades people to draw them. Everything is so expensive with inflation going up and wages haven't went up.
Really like you to do a deep dive on Ipswich and Toowoomba
no negative gearing, a winding down of the discount on capital gains, restrictions on immigration, government subsidies on property developments... a boom in prices? very very unlikely
Regional data please. Thanks
I’m upgrading my sydney home and looking at 4 mil mark, not sure if it’s good time to do so though. Or I should be buying two IP in Perth
Would love an update on the Gold Coast
7% p.a. for three years given the severe shortage of housing, surge of immigration and incapability to deliver the demand, with construction costs to rise +30%. 7% p.a. is the 30 year average. It's by no means a boom just business as usual, given Sydneys years of 10-20% YOY rises since 2010.. with construction costs rapidly rising, high chance thr RBA will need to keep rate rises going in attempt to control construction costs, as these costs being so large will cause inflation to get out of control. I think inflation prediction analysis would be a good video PK
That is relaxing, I was worried with the news of recession.
Can you please do a video on regional including Mt Gambier/Toowoomba or a separate video on Toowoomba as there are a fee comments about Toowoomba
Thanks for all the information you have been providing on youtube
So for the immigration of 400K people p/a; how about they limit these people to be only builders, plumbers and electricians.
The plan ,,new world order
400k? they've done 260k already this year. 1m last year.
Regional , Darwin please
Regional please! Im in Wagga Wagga.
Very well presented as always 👌
Which suburb in Perth you reckon should be looked into for investment?
That will cost ya I think.
SEQ Queensland and northern NSW regional please
No way the government is going to clamp down on land banking and land is going to be forced onto market by legislation that will force land bankers that have land for longer than 2 years to sell. This is going to make building a house for first home buyers much cheaper and the Market will drop prices for existing properties as well because building will be very cheap. Renters will move into their new homes and investors will have to sell because there won’t be renters available.
Hahahahah nice joke
That is exactly what needs to happen. The situation at the moment is sickening. An absolute disgrace!
Regional NSW and SA
The resources sector in perth appears to be going for a down turn, I’m guessing this is going to affect the job market and make perth less attractive to immigration.
Regional, and Subarus in Sydney would be great.
No one talking about Melbourne when that’s literally what happens when you load up a city with low quality townhouses and units. Completely levels off and stagnant.
Regional please, esp NSW regionals
Please please please........provide a session on regional areas that are great investment opportunities nationally. Im particularly interested in VIC please
Townsville
Regional would be good thanks PK
Thanks PK
Regional please
Even regional qld
Thank you
Thanks for the upload. Always useful. Could you do another "affordability" test for perth medium house prices (i.e 30% of house income vs mortgage payments)
Would you please explain more what you mean by the 6 inches between the 2 years?
Two ears ☺️
Adelaide still affordable, and there is plenty of room for the growth ✨️
For sure Regional Qld - Rockhampton
How about regional vic please
What happens to house prices when the stock market collapses?
@@leeoconnor783 there’s really no reliable correlation
@@AusPropertyMasteryWithPK righto
Regional NSW and VIC pls
Regional Vic, and nsw, Wagga?
What suburbs would you recommend in Perth right now?
Kwinana, Armadale, Parmelia, Orelia, South Perth, Applecross. I would say these suburbs will boom in Perth
Regional please. Thank you PK
Regional will great
Regional, Goulburn pls
Regional qld please
Regional please PK!
I own a home in Perth but I live in Victoria. I want to buy a house here but I’m holding off because it’s doing so well over there. I have had my Perth home rented out for the past 3 years and I know I’ve got 3 more years to sell because of the 6 year rule. Am I doing the right thing? Or should I never sell Perth as I own it outright? Maybe I should keep Perth and buy another house in Vic and stop worrying about paying cgt if I sell it in the future? Maybe I should keep renting in Vic for a few more years then sell Perth and buy here? What would you do in my situation please PK?
I can advise u if u want?
depends on the house location.
Craigie
Regional NSW
Regional in QLD and WA pls
perth/ melbourne content please
Regional, please 🙏
Regional please include darwin i am huge fan of yours but you never provide much data of darwin
Regional please!
1m for perth? Try 1.5-2.5m if the market burns and rates get cut. The labour market will be literally held up in WA.
Don't know about 2.5 as that would be 350% (53% compounded) from today's median, but it'll be 1.5-1.75 all day long.
How about having a look at Karratha WA as a boom is just about to start. A new gas train at Pluto, another fertilizer plant, I believe a hydrogen plant and a solar field and Power generation plant to allow Woodside offset their carbon footprint. The rents in the last boom i.e. around 2006 etc were $2000 a week. Might be a good option to look at this regional town. We are just about to leave and expecting $1400-$1500 a week for a tidy brick 4x2 and the boom has not started yet.
Regional qld please Pk, far nth
Yes regional PK
Regional QLD pls 😊
Regional Melbourne Eynesbury please
Very easily fixed... Supply and demand..Just build more houses..Then the price will come down to acceptable levels..Making it FAIR for majority of people not just for the few.. 😘