The average mortgage on the central cost Terrigal ECT is 1 $100000 million plus this is not going to end well think about that first home buyers have never seen a correction yet 🤔🤔🧐🧐🧐
I was on a walk in Terrigal and ran into a young girl looking at a sold property sigh and she said she has just had approval for a 950,000 thousand mortgage I said well done what are you going to do she said buy before I miss out, her mother standing next to her rolled her eyes. 🤔🤔🤔🙏🙏🙏
I'm personally stuck between 2 points of history 1921 or 1930 where Australia is the US was and the US is Wienmar German. Either way i see an inflationary depression and people have to understand that it's all about cash flow. If your only buying because you think things will go up in price you gambling.
One more thing interest rates will go back to average which was around 6 percent and even when it goes back to only 4% in a few years there will be blood 🩸 on the street looking forward to buying with my 3.5 million then 😉😉😉😉💰💰
I don’t think investors not being able to pay mortgages will ever happen in Australia. For example your 3+ mil loan portfolio will still be positively geared after 2% interest increase. And, people with negatively geared properties are already well off because banks always calculate the repay-ability at 7% interest rate. So, unless there is a mass unemployment, I don’t see a massive correction happening anytime soon. The recent 22% temporary increase has already cooled down and now it is back at 10% increase compared 2020 ( from my observations in Western NSW). So, in average the prices will go up 8-10% up every year.
I think once the boarders open up internationally and the Gov allow immigration to grow experientially we will see a rebounded boom late 2023 early 2024 .
I'm not sure if the last 18 months of 30 to 50% growth hasn't used up most of the next 5 to 7 years worth of property price growth. I doubt we will get more than 2 rate rises this year. Rate rises are more closely linked to wage growth, rather than inflation.
@@1tansu1 I tend to agree, with the exception of Brisbane perhaps. The Olympics (which don't actually do anything useful), may give it a bit longer range before the gas runs out.
Ppl seem to forget the high number of immigrants coming in who are brining large cash deposits as they are moving here permanently. House prices will still rise. The only way to stop them go even more crazy is to get the interest rate higher asap. This bubble is getting inflated by low interest rate and new immigrants
![BIG Four BANK Cuts Variable Rates a MASSIVE 0.5% - But, There's A BIG CATCH! [Home Loan Reviewed]](/img/1.gif)
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The average mortgage on the central cost Terrigal ECT is 1 $100000 million plus this is not going to end well think about that first home buyers have never seen a correction yet 🤔🤔🧐🧐🧐
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I was on a walk in Terrigal and ran into a young girl looking at a sold property sigh and she said she has just had approval for a 950,000 thousand mortgage I said well done what are you going to do she said buy before I miss out, her mother standing next to her rolled her eyes. 🤔🤔🤔🙏🙏🙏
I'm personally stuck between 2 points of history 1921 or 1930 where Australia is the US was and the US is Wienmar German. Either way i see an inflationary depression and people have to understand that it's all about cash flow. If your only buying because you think things will go up in price you gambling.
Some good advice mate!.
Brisbane you can buy a penthouse unit for 600 to 700 thousand that’s why the drop will be min there 👍😀
One more thing interest rates will go back to average which was around 6 percent and even when it goes back to only 4% in a few years there will be blood 🩸 on the street looking forward to buying with my 3.5 million then 😉😉😉😉💰💰
Awesome summary of the article. Congrats on the move! 🥰🥰
I don’t think investors not being able to pay mortgages will ever happen in Australia. For example your 3+ mil loan portfolio will still be positively geared after 2% interest increase. And, people with negatively geared properties are already well off because banks always calculate the repay-ability at 7% interest rate. So, unless there is a mass unemployment, I don’t see a massive correction happening anytime soon. The recent 22% temporary increase has already cooled down and now it is back at 10% increase compared 2020 ( from my observations in Western NSW). So, in average the prices will go up 8-10% up every year.
11% is too modest.. more likely 22-28%
Time in the market beats timing the market.
No matter the market, no matter the price.
I think once the boarders open up internationally and the Gov allow immigration to grow experientially we will see a rebounded boom late 2023 early 2024 .
I'm not sure if the last 18 months of 30 to 50% growth hasn't used up most of the next 5 to 7 years worth of property price growth.
I doubt we will get more than 2 rate rises this year.
Rate rises are more closely linked to wage growth, rather than inflation.
I doubt there is fuel left in the tank.
@@1tansu1 I tend to agree, with the exception of Brisbane perhaps. The Olympics (which don't actually do anything useful), may give it a bit longer range before the gas runs out.
Are Rumble Kongs and Boss Beauties long term hold or are we flipping them back into crypto?
Looooooooong term my guy 🚀
Ppl seem to forget the high number of immigrants coming in who are brining large cash deposits as they are moving here permanently. House prices will still rise. The only way to stop them go even more crazy is to get the interest rate higher asap. This bubble is getting inflated by low interest rate and new immigrants
Shhhh….haha yeah I didn’t mention that in this video but, totally agree! Massive demand incoming
Is this still true if there's another coming lockdown next year?
If your sitting on the sidelines you will miss the boat
There is no boat. It sailed away in 2020.
So many scam bitcoin comments. This is why crypto is a cesspool
Have a look at Angelina Varquez in the comments. This is why I dont buy Bitcoin lol.