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"Not to make a tonne of money, but to get some time back to spend with your family...." nice sentiment PK and what we are looking for. Thank you for your insights....
Thanks for the video PK. Really informative. Im interested about joining the FB community. How do i get in contact with you. Would like to learn and educated about building my portfolio.
Thanks for your explain, may I know can you do some research for Murray Bridge at South Australia. I have friend bought and said return so good. So planning to buy also. Hope have some professional to do some research and advise. Thanks
Home loan interest rates: January 2023 Variable rate: 5.64% p.a. Big 4 variable rate: 6.24% p.a. 1-year fixed rate: 5.46% p.a. 2-year fixed rate: 5.82% p.a. 3-year fixed rate: 6.02% p.a. 4-year fixed rate: 6.30% p.a. 5-year fixed rate: 6.45% p.a. How do you get interest rates below 4%? When the current rates are already above that today?
Sydney is interesting. It went up by around 35% from 2019 to the peak in 2021. But it's currently sitting at around 10% higher today (Jan 2023), than it was in 2017. Brisbane would be up 50% in that same time period. At some point, Sydney may offer value.
This is correct, I'd stay away from brisbane, adelaide, ACT and other areas which had outperformed during the pandemic, as those areas were propped up by cheap money and never again low interest rates. Their barrier of entry was also low then and favoured a narrative of the population moving regional to work remotely. Sydney and melbourne capital cities, surprisingly, currently offer the best value. Perth and darwin are worthy of being looked at, however, mining industry related and cyclical, rather than a steadier long term growth. Good from a short term hold perspective, but not for a long term hold.
All those scenarios have unemployment perhaps coming close to 5%. The problem with that, recent history suggests wage growth may struggle to go above 2.5%. That's going to make it difficult for house prices to push higher.
What are your thoughts on Sydney leading the resumption of uptrend led by first time home buyers due to stamp duty rule changes especially in the unit market?
Scenario 1 to 3 has a flawed assumption...assumes inflation will continue to fall if rates are on hold. In the 70s and 80s, the RBA had to take rates above the inflation rate to stop inflation...check it out. Yes, inflation came down a little bit, but nothing ever goes up in a straight line. Inflation will continue to be a problem IMHO. I think based on history, scenario 4 is the most likely.
@@AusPropertyMasteryWithPK inflation has certainly come down, but that's not to say it won't continue to rise.. nothing ever goes up straight. The RBAs objective is price stability rather than keep asset prices afloat...so really doesn't matter to the RBA if we are more rate sensitive. If rate rises stop, inflation will continue to put holes in our wallet...either way it doesn't look good
@@chrisk1903 the thing is house prices and the strength of our economy (RBA remit) are closely tied. One reason is a large chunk of our stock market is our banks, who live and die by house price growth.. anyway i disagree with your inference, but appreciate you sharing 👍🏼
@@AusPropertyMasteryWithPK thanks for being open for another view point. I agree, Australia has alot of wealth tied to property but unfortunately it's supported by copious amounts of credit which makes the nation extremely vulnerable to market shocks and rate rises...hence the pain we've experience over the last 12 months.
@@chrisk1903 I'm not sure about the RBA's focus been price stability. My opinion is the RBA has 50% focus on pushing housing prices higher. It's also government policy.
Trying to get my second IP in cooloongup, so hot and seems bit of growth left... what's your thoughts PK, I know you mentored it'd already grown a bit but median house prices are still around 380k compared to surrounding warnbro, Waikiki and rockingham..
@stewie jonza data for coolooto strong I think, low vacancy and still plenty of interest.. maybe other areas but I thinks there still plenty of growth left
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"Not to make a tonne of money, but to get some time back to spend with your family...." nice sentiment PK and what we are looking for. Thank you for your insights....
You mentioned Queensland, what about the Gold Coast? It seems that prices are still very high.
Thank you for your VLOGS!! :) Full of insights
That’s brilliant seeing all this being a data nerd you saved me a lot of time by showing me exactly what to look at.
Hi PK, do you still believe we are in scenario 2?
Thanks for the video PK. Really informative. Im interested about joining the FB community. How do i get in contact with you. Would like to learn and educated about building my portfolio.
Pleasure. Here you go:
consultingbypk.com.au/
Which suburb in Perth would you buy property PK 😊
Thanks PK! What's your growth predictions for regional eg. Regional QLD and Regional WA? Similar to Perth?
Is Medina, WA a good option to invest?
Thanks for your explain, may I know can you do some research for Murray Bridge at South Australia. I have friend bought and said return so good. So planning to buy also. Hope have some professional to do some research and advise. Thanks
Home loan interest rates: January 2023
Variable rate: 5.64% p.a.
Big 4 variable rate: 6.24% p.a.
1-year fixed rate: 5.46% p.a.
2-year fixed rate: 5.82% p.a.
3-year fixed rate: 6.02% p.a.
4-year fixed rate: 6.30% p.a.
5-year fixed rate: 6.45% p.a.
How do you get interest rates below 4%? When the current rates are already above that today?
I think he is talking about the cash rate not mortgage rates
Sydney is interesting.
It went up by around 35% from 2019 to the peak in 2021.
But it's currently sitting at around 10% higher today (Jan 2023), than it was in 2017.
Brisbane would be up 50% in that same time period.
At some point, Sydney may offer value.
This is correct, I'd stay away from brisbane, adelaide, ACT and other areas which had outperformed during the pandemic, as those areas were propped up by cheap money and never again low interest rates. Their barrier of entry was also low then and favoured a narrative of the population moving regional to work remotely. Sydney and melbourne capital cities, surprisingly, currently offer the best value. Perth and darwin are worthy of being looked at, however, mining industry related and cyclical, rather than a steadier long term growth. Good from a short term hold perspective, but not for a long term hold.
How have the Christopher's report compared for previous years?
I.e. were they correct in 2022 or 2021?
Yeah pretty accurate based on scenarios
This is one of the best property market breakdown I have seen. Thank you so much for your insights and recommendations!
Thank you!
All those scenarios have unemployment perhaps coming close to 5%. The problem with that, recent history suggests wage growth may struggle to go above 2.5%. That's going to make it difficult for house prices to push higher.
I’ve done a video showing no correlation between wages and house prices.. interesting
What it yr opinion on buying or renting via defence housing.
Hey I’ve done a whole vid on that, just put keywords in and my name into RUclips
I reckon goldilocks will happen!
I’m quietest confident as I said but don’t want to commit just yet! Want to see other data come out soon
What are your thoughts on Sydney leading the resumption of uptrend led by first time home buyers due to stamp duty rule changes especially in the unit market?
It could happen.. I’m not sure of the data around it, but seems possible
Senario 1 is interesting.
There's no way Sydney would rise if RBA rates went to 4%, or even 3.5%. In my view anyway. Let alone by rise 5 to 9%.
I tend to agree with you!
Great info thanks PK, always feel so comforted having the extra benefit of being a client of yours 🙏🏻
Gr8 vid. bro. ty
Awsome info. Thanks for sharing PK. appreciate it.
Cheers mate
good click bait! even better content
thanks
Haha thanks
What do you think about Gladstone, QLD?
It’s quite cyclical
Where in Perth tho ?
Scenario 1 to 3 has a flawed assumption...assumes inflation will continue to fall if rates are on hold. In the 70s and 80s, the RBA had to take rates above the inflation rate to stop inflation...check it out. Yes, inflation came down a little bit, but nothing ever goes up in a straight line. Inflation will continue to be a problem IMHO. I think based on history, scenario 4 is the most likely.
Thanks. Inflations is already falling.
What you are saying is true, but we are far more rate sensitive as a society now due to higher relative debt
@@AusPropertyMasteryWithPK inflation has certainly come down, but that's not to say it won't continue to rise.. nothing ever goes up straight. The RBAs objective is price stability rather than keep asset prices afloat...so really doesn't matter to the RBA if we are more rate sensitive. If rate rises stop, inflation will continue to put holes in our wallet...either way it doesn't look good
@@chrisk1903 the thing is house prices and the strength of our economy (RBA remit) are closely tied. One reason is a large chunk of our stock market is our banks, who live and die by house price growth.. anyway i disagree with your inference, but appreciate you sharing 👍🏼
@@AusPropertyMasteryWithPK thanks for being open for another view point. I agree, Australia has alot of wealth tied to property but unfortunately it's supported by copious amounts of credit which makes the nation extremely vulnerable to market shocks and rate rises...hence the pain we've experience over the last 12 months.
@@chrisk1903 I'm not sure about the RBA's focus been price stability.
My opinion is the RBA has 50% focus on pushing housing prices higher.
It's also government policy.
How about Wagga Wagga, PK?
It’s been great!
Trying to get my second IP in cooloongup, so hot and seems bit of growth left... what's your thoughts PK, I know you mentored it'd already grown a bit but median house prices are still around 380k compared to surrounding warnbro, Waikiki and rockingham..
I think it’s good but better places elsewhere now
Areas around Medina are looking good even armadale
@stewie jonza data for coolooto strong I think, low vacancy and still plenty of interest.. maybe other areas but I thinks there still plenty of growth left
@@kingofkingz17 there might be... to me Medina, orelia and brookdale show more room for improvement and have higher yields than cooloogup
@@stewiejonza1363 heard about a lot of crimes in Armadale. That s the reason as to why prices are so low.
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Perth
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PJ Gupta - owner of possibly the sexiest voice on RUclips 😎👍
Agreed! And can hold my attention
No lambos 😢
😭