spending 40 years working and paying debt to the banks so i eventually own a basic $1.5M house is a con as everyone else is doing the same and at the end we still only owe 1 house regardless of its value
@@arun6404 Capital Gains Tax exemption I assume. But no point doing that just move into the house for 6 months before you sell if you really want to be exempt.
put a $150K tax on knockdowns as the number of beautiful homes being knocked down and rebuilt to satisfy status and ego in straya is staggering..clogging up construction of additional supply..not to mention the environmental damage with all this waste
And everyone here is building sterile properties that have less soul than the people buying them. Im on the gold coast and its gotten worse if that's possible
!!!!!!!!!!! You talk lots about Sydney! We all know Sydney is expensive- no one in their 20/30 in their right mind is thinking of buying there! Can you please talk about other places… rural areas, Perth, Brisbane etc - can you talk about Brisbane and the housing crisis there! The pressure they are under with the up coming Olympics, Everyone is moving to Brisbane area because it is “more affordable” is there any other significant reasons, and what is happening in the market up there!? Where is it booming, what does it look like in 10-20 years? Please! Ps I love you, and your advice has helped me get in the market 🙏❤️ !!!!!!!!!!!!!!!!!!!!!
And unemployment is rising too! The rich are getting teacher and the rest will own nothing and be happy. Unless Australians fight back, life as we know it I’ll disappear very soon.
If you believe we are not going to have a recession (which I agree with you on). Then interest rates will stay higher for much longer, than most people are thinking they will.
I am a fan of your videos and an investor with three investment properties in Au. A few days back I recommended your channel to my friend and he said that all buyer's agencies / youtuber's have excuses to say that it's always a good time to buy, they never say wait for the market to change. I would have answered that it is always good to buy (if possible) rather than timying market, but looking for your response as well 🙏👍
Also good luck finding a builder to build your home when they have been going bust at the rate they have.. Inventory will decrease no doubt.. Similar thing is happening in Las Vegas ( no inventory)
Be lucky they don’t take your money and then go bankrupt and take years of costly legal fights to find you are still getting $0 or cents on the dollar. Meanwhile getting cut out of the market due to the continual climb.
Keating - Hawke should never sold the Commonwealth Bank - We need a Govt bank-. The Banks are the main reason why we are in so much trouble - Gangster-
@@galactica1980That is a fair argument, but you also need to factor in the saving you get from buying a house over here. For example, I purchased my house for $400,000 (which is now worth circa $500,000). The equivalent build is probably $900,000 in Melbourne or Sydney. So I am saving $400,000K. If I am paying Insurance of $2000 per year it would take me 200 years to be worse off. If I factor in rates on top it would take me 66 years to be worse off but I don't really consider to be a total write off. Yes, it is pretty high, but it also includes water, and it helps maintain the area. I understand is a simplistic way of putting it but houses over here are WAY cheaper than down South and EVEN Darwin!?? Which also has cyclone and flood risk. Crime is no worse than Darwin, and Darwin is strangely significantly more expensive despite the better connectivity and services in North Queensland.
I am on telephone hold again. Waiting for customer service, Brahahahahahahahah!! When you want help you want it now. I am prepared to pay, I will pay the help persons wage and more, even at $100 per hour it would only work out to be a few bucks. Common sense ? It will not work, they want, and are training everyone to be on the phone with "apps ' coming out of their arses. Where will they find their customers when no one has a job?
spending 40 years working and paying debt to the banks so i eventually own a basic $1.5M house is a con as everyone else is doing the same and at the end we still only owe 1 house regardless of its value
@@leonie563why move into the other houses?
@@arun6404 Capital Gains Tax exemption I assume. But no point doing that just move into the house for 6 months before you sell if you really want to be exempt.
Buy 3?
straya is now the land of inequality..debt for the majority to prop up a ponzi..truly breathtaking what has been done to livelihoods in straya
I have had a DA in with the local council. The process has taken over 2 years so far and we haven’t even put a shovel in the ground…. It’s pathetic
It's ridiculous mate I feel your pain we've had ours sitting with the council for a year also
@@tyronhancock3875 what council?
put a $150K tax on knockdowns as the number of beautiful homes being knocked down and rebuilt to satisfy status and ego in straya is staggering..clogging up construction of additional supply..not to mention the environmental damage with all this waste
And everyone here is building sterile properties that have less soul than the people buying them. Im on the gold coast and its gotten worse if that's possible
!!!!!!!!!!!
You talk lots about Sydney! We all know Sydney is expensive- no one in their 20/30 in their right mind is thinking of buying there! Can you please talk about other places… rural areas, Perth, Brisbane etc - can you talk about Brisbane and the housing crisis there! The pressure they are under with the up coming Olympics, Everyone is moving to Brisbane area because it is “more affordable” is there any other significant reasons, and what is happening in the market up there!? Where is it booming, what does it look like in 10-20 years? Please!
Ps I love you, and your advice has helped me get in the market 🙏❤️
!!!!!!!!!!!!!!!!!!!!!
If you’re in the market why do you need to know.
@@anywhereroam9698 why do you need to know why I’d like to know?
Great video Ravi. Clear delivery.
Good points about:
1. Supply shortage due to lack of new builds.
2. Demand with capacity vs confidence.
Try total economic worldwide COLLAPSE!
And unemployment is rising too! The rich are getting teacher and the rest will own nothing and be happy. Unless Australians fight back, life as we know it I’ll disappear very soon.
If you believe we are not going to have a recession (which I agree with you on). Then interest rates will stay higher for much longer, than most people are thinking they will.
So if interest rates decrease. It will only cause housing prices to keep sky rocketing.
I am a fan of your videos and an investor with three investment properties in Au. A few days back I recommended your channel to my friend and he said that all buyer's agencies / youtuber's have excuses to say that it's always a good time to buy, they never say wait for the market to change. I would have answered that it is always good to buy (if possible) rather than timying market, but looking for your response as well 🙏👍
Cause those dogs have nothing to lose, more ppl buying means these salesman still have jobs
@@quoclien3343dogs😂😂😂😂
hi Ravi parramatta is good place to invest for rental apartment.
Also good luck finding a builder to build your home when they have been going bust at the rate they have.. Inventory will decrease no doubt.. Similar thing is happening in Las Vegas ( no inventory)
Be lucky they don’t take your money and then go bankrupt and take years of costly legal fights to find you are still getting $0 or cents on the dollar.
Meanwhile getting cut out of the market due to the continual climb.
Great to see that you had a break since last week, thanks to me!
🤮🤮🤮
So banks which write the loans and have great visibility significantly changes their tune from just 4 months ago.
Keating - Hawke should never sold the Commonwealth Bank - We need a Govt bank-. The Banks are the main reason why we are in so much trouble - Gangster-
What are your thoughts on Townsville big fella? Specifically Townsville?
Townsville here too mate.
Insurance and rates are pretty steep. Some others mention high crime too? - although crime rates are up many places due to revolving doors.
High crime I can confirm@@galactica1980
@@galactica1980That is a fair argument, but you also need to factor in the saving you get from buying a house over here. For example, I purchased my house for $400,000 (which is now worth circa $500,000). The equivalent build is probably $900,000 in Melbourne or Sydney. So I am saving $400,000K.
If I am paying Insurance of $2000 per year it would take me 200 years to be worse off. If I factor in rates on top it would take me 66 years to be worse off but I don't really consider to be a total write off. Yes, it is pretty high, but it also includes water, and it helps maintain the area.
I understand is a simplistic way of putting it but houses over here are WAY cheaper than down South and EVEN Darwin!?? Which also has cyclone and flood risk.
Crime is no worse than Darwin, and Darwin is strangely significantly more expensive despite the better connectivity and services in North Queensland.
@@dannyn6762 we just bought a place in Tville about 2 months ago and got tennants in recently.
New sustainable legislation will add 20 to 30,000 to a build good luck Australia
with all the people coming in to Australia youd think home and land packages are a good way for people to get into the housing market
How the government's latest plan to build 1.2m will affect the price and rent ?
Wishful thinking...will take 10 yrs and still mot achieve this goal of 1.2 hses
Another quality video mate.. Keep up the good work.
Hello what's your thoughts about property in the southern highlands nsw 2575?
Go an call your local concrete company now it’s the base of construction and they are hunting hungry for work
Great content, Ravi
I am on telephone hold again.
Waiting for customer service, Brahahahahahahahah!!
When you want help you want it now.
I am prepared to pay, I will pay the help persons wage and more, even at $100 per hour it would only work out to be a few bucks.
Common sense ?
It will not work, they want, and are training everyone to be on the phone with "apps ' coming out of their arses.
Where will they find their customers when no one has a job?
if you're a student of 18.6 year real estate cycle none of this is new. expect higher prices until 2026
resources for this pls?
Agreed
@@RealmGhostthe secret life of realestate and banking - book
@@RealmGhostit’s due to the precession of mars in retrograde every 18.6 years.