Many first-time home buyers struggle with one big question: Where do I even begin? Know the answer through this link: www.willbellmortgagebroker.com.au/home-sweet-homeowner
One comment in this video stands out. “ wages are rising faster than inflation”. On what planet??? I have been going backwards for 20 years. Maybe politicians are beating inflation but normal everyday Aussies definitely are not.
if the data is right then inflation should be headed back up. my best guess is that if the it's right it's from the public spending. I have one client who is a driver for NDIS clients who is earning $250k. i am not joking.
RE rates: You are bang on. People are complaining about how rates are high but we are still lower than the historical average. People need to stop relying on rate drops given we are in the sweet spot according to the RBA. Our economy needs to continue on the basis that rates won't drop, or by much if they do, and push forward from there. If that means we see people having to sell up as a result, so be it.
@@markovasil1608 Not quite right. The RBA cash rate is still below the historical average since 1992. While variable rates are higher now, that's due to banks' costs and margins, not just the RBA. You can see this because banks are dropping their rates despite the cash rate holding firm. You're right though in saying that house prices have doubled while wages haven't kept up, but that's a separate issue from how interest rates are set.
Good video, I like your delivery style. Couple of notes, data can only tell you what has happened, not what will happen. Removal of negative gearing led to rent rises only in Sydney. I think they fell or were flat everywhere else.
The reserve bank is on track to give us stagflation by not putting rates up high enough quick enough, this trundling along feels very much like stagflation
Negative gearing should only be for new builds. That would help increase the housing stock. To me a huge part of the problem with price to income ratio going insane is also from the CGT discount. That needs to go... I think your summary is excellent although I feel attention could be added to the CGT discount although I get you can always add something in a summary.
The supply numbers are okay. It's demand supported by immigration. Our birth rate is below replacement and yet our population is exploding. My personal belief is it is to keep the Ponzi going.
Thanks. I'm fine with that. I think it's ok for real estate so long as the money is going to work in reaching the country's goals. For example -increasing housing supply.
Few recognise that property prices in Australia are the result of dual income and not tax policy. As a tax professional changes to tax policy will only tweak the margins unless so significant to make property investment untenable, and even then owner occupied property will be unaffected. I suspect there will be an effective bifurcation of the property market in coming years with the cookie cutter new builds of recent years being market dogs and those without bank of mum and dad priced out.
@@mareecrick2379 this scam is mainly driven by illicit money from south east Asia, artificial demand-supply imbalance, unlimited interest only mortgage scam by banks etc.. apart from govt sponsored tax breaks especially 50% CGT discount... Shame on the perpetrators of this... Many people migrated recently have started realising the ground realities and started packing up for return. The system should now start targetting the next set of uninformed people...
Why so different than the New Zealand housing market which has a a substantial drop since 2021 and still coming down . Why so different than Australia yet so close in proximity? Would you invest today in NZ or AU?
Great summary Will. Most commentators have fixed opinions but this was an excellent summary of need to know history. My view is we’re in for a very painful time and the sooner we rip off the Band-Aid the better!! Still hurts
Australian property has been an awful investment compared to US assets. The housing shortage is a result of covid lockdowns, high interest rates and ridiculous levels of migration. Ofcourse the government will convince people its all about greedy landlords
Great content, as always! Could you help me with something unrelated: I have a SafePal wallet with USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). Could you explain how to move them to Binance?
Based on most analysts in Canada, Australia and the UK there should have been a bust a few years ago. But it did not happen. Something peculiar happened These nations flooded the country with millions of migrants. This created a massive demand for accommodation which in turn inflated rents. Which in turn inflated house prices. This prevented the bubble. It appears like house prices have rached a tipping point. If you check the original prices of homes like apartments in CBDs, units and townhouses you will find most are selling below the original price, much below and with few buyers. The homes that are selling at a good margin are multimilliond dollar homes in the affluent suburbs. But these buyers a few, and are the super rich who have $10M and above in spare money and are paying wat above the market price. The average home prices include these homes so you get inflated figures.
Me thinketh beautiful and amazing Greater West, close to stations, stopping centres with doer uppers on large blocks of land around $700,000. Sorry girls, no ensuites or Island benchtops!@!?😉😁
Many first-time home buyers struggle with one big question: Where do I even begin? Know the answer through this link: www.willbellmortgagebroker.com.au/home-sweet-homeowner
One comment in this video stands out. “ wages are rising faster than inflation”. On what planet??? I have been going backwards for 20 years. Maybe politicians are beating inflation but normal everyday Aussies definitely are not.
if the data is right then inflation should be headed back up. my best guess is that if the it's right it's from the public spending. I have one client who is a driver for NDIS clients who is earning $250k. i am not joking.
RE rates: You are bang on. People are complaining about how rates are high but we are still lower than the historical average. People need to stop relying on rate drops given we are in the sweet spot according to the RBA. Our economy needs to continue on the basis that rates won't drop, or by much if they do, and push forward from there. If that means we see people having to sell up as a result, so be it.
Your wrong, interest rates haven’t been this high since 2005 when houses were 1/2 the price. But wages aren’t double. Therein lies the problem
@@markovasil1608 Not quite right. The RBA cash rate is still below the historical average since 1992. While variable rates are higher now, that's due to banks' costs and margins, not just the RBA. You can see this because banks are dropping their rates despite the cash rate holding firm. You're right though in saying that house prices have doubled while wages haven't kept up, but that's a separate issue from how interest rates are set.
Good video, I like your delivery style. Couple of notes, data can only tell you what has happened, not what will happen. Removal of negative gearing led to rent rises only in Sydney. I think they fell or were flat everywhere else.
Just came across your video, congratulations on a balanced analysis,
The reserve bank is on track to give us stagflation by not putting rates up high enough quick enough, this trundling along feels very much like stagflation
Stagflation is best case in 2025/26. I suspect incoming recession. Buckle up 😂
Currency devaluation. Aud is the new peso.
@Garden-offgrid that's why I think the currency will devalue. My home has gone up a lot in value but it's not something to celebrate imo.
Negative gearing in Aust does keep rents down! If you have every lived in USA you will know how much more renting property costs
Negative gearing should only be for new builds. That would help increase the housing stock. To me a huge part of the problem with price to income ratio going insane is also from the CGT discount. That needs to go...
I think your summary is excellent although I feel attention could be added to the CGT discount although I get you can always add something in a summary.
Exactly... Also RBA cannot close their eyes to the scam by banks giving interest only loans for property investment. This scam has to stop...
The supply numbers are okay. It's demand supported by immigration. Our birth rate is below replacement and yet our population is exploding. My personal belief is it is to keep the Ponzi going.
So just ignoring record immigration I guess huh 🤦🏻♂️
@@mr_jdes supply numbers will never keep up with the population boom. Our leaders know it but don't want to talk about it.
We need tax cuts not tax hikes. F@ck that
IMO negative gearing is fine as long as it's quarantined to income from real estate and not other sources of income.
Thanks. I'm fine with that. I think it's ok for real estate so long as the money is going to work in reaching the country's goals. For example -increasing housing supply.
Great video, honest and less opinion more just facts. Great job 👍
Thanks mate. I've probaby had too much opinion in previous vids so that's great to hear!
It's finish we had 2000 to 2024 what goes up must come down ❤
Fantastic breakdown of the Australian property market thanks Will
Thanks mate!
Few recognise that property prices in Australia are the result of dual income and not tax policy. As a tax professional changes to tax policy will only tweak the margins unless so significant to make property investment untenable, and even then owner occupied property will be unaffected. I suspect there will be an effective bifurcation of the property market in coming years with the cookie cutter new builds of recent years being market dogs and those without bank of mum and dad priced out.
@@mareecrick2379 yes. We are doing twice as much work for half as much. Should be twice as rich but alas.
@@mareecrick2379 this scam is mainly driven by illicit money from south east Asia, artificial demand-supply imbalance, unlimited interest only mortgage scam by banks etc.. apart from govt sponsored tax breaks especially 50% CGT discount...
Shame on the perpetrators of this...
Many people migrated recently have started realising the ground realities and started packing up for return. The system should now start targetting the next set of uninformed people...
Thank you for your videos. You are spot on.
Why so different than the New Zealand housing market which has a a substantial drop since 2021 and still coming down .
Why so different than Australia yet so close in proximity?
Would you invest today in NZ or AU?
Great summary Will. Most commentators have fixed opinions but this was an excellent summary of need to know history. My view is we’re in for a very painful time and the sooner we rip off the Band-Aid the better!! Still hurts
Thanks Geoff. I agree. Whatever move we make there will be more pain.
Australian property has been an awful investment compared to US assets. The housing shortage is a result of covid lockdowns, high interest rates and ridiculous levels of migration. Ofcourse the government will convince people its all about greedy landlords
You dont know about the housing crisis you are very wrong and miss out most of the main points
Great content, as always! Could you help me with something unrelated: I have a SafePal wallet with USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). Could you explain how to move them to Binance?
Negative gear 2 investments and thereafter remove it
Based on most analysts in Canada, Australia and the UK there should have been a bust a few years ago. But it did not happen.
Something peculiar happened
These nations flooded the country with millions of migrants. This created a massive demand for accommodation which in turn inflated rents. Which in turn inflated house prices. This prevented the bubble. It appears like house prices have rached a tipping point. If you check the original prices of homes like apartments in CBDs, units and townhouses you will find most are selling below the original price, much below and with few buyers.
The homes that are selling at a good margin are multimilliond dollar homes in the affluent suburbs. But these buyers a few, and are the super rich who have $10M and above in spare money and are paying wat above the market price. The average home prices include these homes so you get inflated figures.
Boom or bust 🤔 crash n burn management not only investment strategies
Me thinketh beautiful and amazing Greater West, close to stations, stopping centres with doer uppers on large blocks of land around $700,000.
Sorry girls, no ensuites or Island benchtops!@!?😉😁
700 houses for sale in Torquay..
The property is bust its Doom Doom ❤
I'm attending an interview as an underwriter please help me for more information
On 14th of Feb 1966 the biggest crime in Australia's history was committed.
Clare needs to go. She screwed up immigration. How did she get this job????
It's a BS
Australia pm is like joe Biden.