Catherine cashmore did a brilliant job by assessing peoples water usage in the cities to see how many units were not occupied. She should seriously revisit this now whilst we are all stuck in Australia and foreigners (except nz) can travel here.
Catherine is a buyers agent and said: no one is buying for the returns. No thanks, not the buyer's agent I would want working for me. Fact people are looking for alternatives to hold wealth, and it's not property. Once a real estate agent, always one. I say that with respect, there are other options.
I live far western sydney and considering whether i should crawling up into a ball to die or live a solo lonesome life move to Brisbane or overseas like the irish did when their economy went to shit.
Weird times. Financially uneducated people at work talking about crypto and shares being a guaranteed sure thing and million dollar mortgages are common place. I watched the Frontline doco on the 2000 tech bubble to reassure myself I’m not going crazy. Anyone else out there feeling like I was - watch that for a dose of reality.
Yes feeling exactly the same way David - these are indeed strange and heady days. When not if the catalyst comes be it inflation really getting its legs in the US & AUS or a bank crash in some obscure tiny Minnesotan town rolling forward into Wall Street will be about exactly the very same time China makes its grand fully flagged expansionist move on Taiwan - and make no mistake Japan & South Korea will take on and stay in that fight in a heartbeat. Watch the fear and bewilderment instantly wash over the faces of our smug and greedy as our own financial and property markets go out of control. It may not come as such but it will pop at some stage ... 15 - 18 times average earnings for a entry level house in Melb & Syd, uber drivers giving advice of crypto strategies - could even be Dotcom Mk2 that blows us up. Time to keep your powder dry I think.
what a turnaround from last year when this channel and these commentators were confidently predicting a property crash of minimum 20%. Somehow with no population growth, no wage growth and the removal of government stimulus the number #1 factor driving this is once in a lifetime low interest rates
@@shawn5210 i think we all underestimated how far the government would go to intervene prevent prices falling. I think the Australian property market is like the banks and is too big to fail
No immediate migration ? There has been 480,000 expats move back to Australia yeah no immigration this rubbish will end when the pitchforks get sharpened
Catherine Cashmore is easily your most knowledgeable, most well spoken guest.
Try to have her on more often than every 12 months?
Agreed, although it sounds like, part way through the interview, she popped outside to feed the cat.
The pitchforks are being sharpened housing prices are ridiculous
Catherine cashmore did a brilliant job by assessing peoples water usage in the cities to see how many units were not occupied. She should seriously revisit this now whilst we are all stuck in Australia and foreigners (except nz) can travel here.
Catherine is a buyers agent and said: no one is buying for the returns. No thanks, not the buyer's agent I would want working for me. Fact people are looking for alternatives to hold wealth, and it's not property. Once a real estate agent, always one. I say that with respect, there are other options.
Our viewer question of the week:
How long will the property boom last? Feel free to make this area-specific
It will last until govt wants
The over inflated housing market is grossly unfair for all first home buyers. It's not right.
move citys and let the boomers wipe there own ass
I live far western sydney and considering whether i should crawling up into a ball to die or live a solo lonesome life move to Brisbane or overseas like the irish did when their economy went to shit.
The watering down of the Responsible Lending Laws (NCCPA) died in the Senate. Govt couldn’t get cross bench support.
Weird times. Financially uneducated people at work talking about crypto and shares being a guaranteed sure thing and million dollar mortgages are common place. I watched the Frontline doco on the 2000 tech bubble to reassure myself I’m not going crazy. Anyone else out there feeling like I was - watch that for a dose of reality.
Yes feeling exactly the same way David - these are indeed strange and heady days. When not if the catalyst comes be it inflation really getting its legs in the US & AUS or a bank crash in some obscure tiny Minnesotan town rolling forward into Wall Street will be about exactly the very same time China makes its grand fully flagged expansionist move on Taiwan - and make no mistake Japan & South Korea will take on and stay in that fight in a heartbeat. Watch the fear and bewilderment instantly wash over the faces of our smug and greedy as our own financial and property markets go out of control.
It may not come as such but it will pop at some stage ... 15 - 18 times average earnings for a entry level house in Melb & Syd, uber drivers giving advice of crypto strategies - could even be Dotcom Mk2 that blows us up. Time to keep your powder dry I think.
when are we going to have $500 notes printed with all these millionaires in australia now, $100 doesnt seem enough
what a turnaround from last year when this channel and these commentators were confidently predicting a property crash of minimum 20%. Somehow with no population growth, no wage growth and the removal of government stimulus the number #1 factor driving this is once in a lifetime low interest rates
So was everyone else...
@@shawn5210 i think we all underestimated how far the government would go to intervene prevent prices falling. I think the Australian property market is like the banks and is too big to fail
@@phillusted7364 government doesn’t want to get the blame ... they stimulus it very very crazy ... next would be mortgage keeper on the cards
Never trust an agent...
No immediate migration ? There has been 480,000 expats move back to Australia yeah no immigration this rubbish will end when the pitchforks get sharpened
You guys really need a Jamie... Great content tho.
Hi, what did you think the primary areas for improvement were?
@@NucleusWealth They have one, his name is Jayden.