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Australian property is not my problem anymore, we sold our Sydney home and purchased 12 Condos in the foreign ownership quota in Thailand at an average price $60,000 Aud each and receiving $14,000 Aud per month all fully rented to expats.
Hey, Thanks for sharing it over here, did you hire a local agent to buy in Thailand, how it works. Can you please share the contact details of the person.
Awesome content PK !! Just wondering where I could access property data? Would you recommend Picki or RP Liogic? If so, does RP Logic have a free access for non-commercial users?
@@AusPropertyMasteryWithPK Why not Picki, it shows much better data than RP Logic? I would use Picki, SQM, On the house, not DSR, the data there is not reliable.
@@IReckon8 I’m speaking from experience of hundreds of people who have used multiple platforms. My 2c.. you’re welcome to use whatever ☺️ Ultimately best is core logic raw data which costs 20-30k.. clean it yourself. Ultimately that’s the source of everything. No one else is the originator of data
Thanks PK. Have you done a video on the demographics of property owners? I am hearing sceptics say ordinary workers can't afford a property but that is my point. Investment property ownership is reserved for the above average income earners or your subscribers Home ownership is not designed for the average person or the non-subscribers. I personally just settled on an investment property in sydney and will load up on another one next year.
@@ConstructionHoney no but the potential of developing an AI software to scrape realestate websites and choose the best investment homes for you to purchase can be a game changer
The 22 years olds have been born into hamsterwheel economy inherited by their parents! This is nothing to celebrate, but rather a push of how not to be in Australia when wages lagging behind property prices. The 22 year old will foot the bill, and they are too young at 12 years today to understand what is unfolding for them.
What a total disaster. What’s happened to my poor country and the egalitarian culture we so prized and which has been the reason why so many foreigners want to live here. Houses should be something used to be lived in and not for speculation. To that end, housing should only be available for purchase by Australian citizens and immigration should be significantly reduced.
so should jobs vanish? none of the modern jobs would exist without the modern nature of the population. if you want to live in the 60s, only the jobs of the 60s can exist.
@@vaughnstewart2529none of the jobs you see in the cities from internet and computer tech, to finance, , none of which even was a dream in anyone's mind back in the 60s
It looks that way. I recall this demand for public housing now in 2023. I also know how it looks like in Europe and how it ended or drags out. The high buildings and towers look nice from a distance, but the socio economics around this are a breeding ground on tight space. The investors of apartment complex will be proud, until they realise that they will never get a majority to get some thing done as a owners committee. They basicaly signing up for some thing what acts like a water tower. If there is no pressure for the appartments, the rental return is rubbish, followed by a drop in actual value. By the time they want out they wont get their money back for many years. The body corporate on the other site is laughing and will charge rates and levies. The banks earn quite good too. The state tax revenue at point of buying and selling make money too. The council make good money too for water and rates. The maintenance contractor charges well too. The rental agent will be busy even when they cant get a tenant. The developer and the buyer are the 2 parties at risk of being stung. If you buy and apartment in tower 1 first and then a 2nd tower is beying built next to it the rent can be half. Like a water tower, no pressure, no returns. Its best to leave this for public housing.
yes, lets kowtow to a few who get into power by skullduggery and hope they magically are able to figure out the right prices and population sizes for everyone. and anyone who disagrees can be sent to the outback
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❤ JOIN THE COMMUNITY & GET FREE SUBURB TIPS + STRATEGIES
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Australian property is not my problem anymore, we sold our Sydney home and purchased 12 Condos in the foreign ownership quota in Thailand at an average price $60,000 Aud each and receiving $14,000 Aud per month all fully rented to expats.
I am curious, what part of Thailand is that? Bangkok and Phuket are not so cheap.
@@baby4u320 Pattaya is a buyer's paradise prices start from about 32k upwards
Oh wow
@@keithblack2264 whats the process to buy in Pattaya? is it easy or difficult
Hey, Thanks for sharing it over here, did you hire a local agent to buy in Thailand, how it works. Can you please share the contact details of the person.
Hi Pk
This is one of the best vedio you posted in recent times. Thank you mate. Lots of value on it.
Another quality content and buyer agents don't really like you sharing this secret. Love your content and your course.
Thanks mate
Awesome content PK !! Just wondering where I could access property data? Would you recommend Picki or RP Liogic? If so, does RP Logic have a free access for non-commercial users?
I do not recommend Picki
@@AusPropertyMasteryWithPK Why not Picki, it shows much better data than RP Logic? I would use Picki, SQM, On the house, not DSR, the data there is not reliable.
@@IReckon8 I’m speaking from experience of hundreds of people who have used multiple platforms. My 2c.. you’re welcome to use whatever ☺️
Ultimately best is core logic raw data which costs 20-30k.. clean it yourself. Ultimately that’s the source of everything. No one else is the originator of data
@@AusPropertyMasteryWithPK how far back does CoreLogic data go? 30 years? Can I get data back from 50 or 100 years ago?
Always informative Pk keep it up
Thanks PK. Have you done a video on the demographics of property owners? I am hearing sceptics say ordinary workers can't afford a property but that is my point. Investment property ownership is reserved for the above average income earners or your subscribers Home ownership is not designed for the average person or the non-subscribers. I personally just settled on an investment property in sydney and will load up on another one next year.
Hey you can just google it.. average income for investor is something like under 110,000
Thank you PK.
Thanks PK for your awesome content as normal.
Hey pk, love your work. where can I find more info where the migrants are heading at suburb level? Thank you
Not sure that will be available
This data is not available
Good video. Great content.
What does the WEF want to happen to private property ownership?
Great analysis mate
Im.37 lol thats us bro. 2 kids and 1 x ppor . Not sure if im going to own it in 10 years 🤔
Agree get a 4 x 2 with land bro 500 sqm
Love this video, it is education
hervey bay has had a huge growth
Strangely there is a housing crisis/ shortgage globally.
And it isnt going away it will cause big social unrest people voting for radical independents in parliament bring it on
Owned by few. I know someone who owns 60 properties
Thanks PK.
Mildura Vic is going to boom !
Can you do a video on how AI can possibly disrupt real estate market?
Lol
Why can they build houses?
@@ConstructionHoney no but the potential of developing an AI software to scrape realestate websites and choose the best investment homes for you to purchase can be a game changer
Thank you ❤!
thanks PK
The 22 years olds have been born into hamsterwheel economy inherited by their parents! This is nothing to celebrate, but rather a push of how not to be in Australia when wages lagging behind property prices. The 22 year old will foot the bill, and they are too young at 12 years today to understand what is unfolding for them.
Decline in home ownership < 50s declines to 54% thats 25% decline in 30years and it wont improve maybe get lower
The boomers or retirees all moved to the Hobart or cairns depending on how they feel about the weather.
What a total disaster. What’s happened to my poor country and the egalitarian culture we so prized and which has been the reason why so many foreigners want to live here. Houses should be something used to be lived in and not for speculation. To that end, housing should only be available for purchase by Australian citizens and immigration should be significantly reduced.
Yeah, before 1966 were the days.
Then you turn into Japan instead... Not enough babies to sustain growth.
Just treat immigrants like extra babies, who immediately start paying taxes.
so should jobs vanish? none of the modern jobs would exist without the modern nature of the population. if you want to live in the 60s, only the jobs of the 60s can exist.
@@hayekianman What are these "modern jobs" and "modern nature of the population" you speak of?
@@vaughnstewart2529none of the jobs you see in the cities from internet and computer tech, to finance, , none of which even was a dream in anyone's mind back in the 60s
Property prices are going up. Buy now before it's to late!
BS
they the labor government put the maritime school there with the nurses being trained there you do the demographics
Do these charts include the death of baby boomers?
Yes that's why there are fewer of them
You made the case for communism. I am a proud communist
Oops it’s a slippery slope
It looks that way. I recall this demand for public housing now in 2023. I also know how it looks like in Europe and how it ended or drags out. The high buildings and towers look nice from a distance, but the socio economics around this are a breeding ground on tight space. The investors of apartment complex will be proud, until they realise that they will never get a majority to get some thing done as a owners committee. They basicaly signing up for some thing what acts like a water tower. If there is no pressure for the appartments, the rental return is rubbish, followed by a drop in actual value. By the time they want out they wont get their money back for many years. The body corporate on the other site is laughing and will charge rates and levies. The banks earn quite good too. The state tax revenue at point of buying and selling make money too. The council make good money too for water and rates. The maintenance contractor charges well too. The rental agent will be busy even when they cant get a tenant. The developer and the buyer are the 2 parties at risk of being stung. If you buy and apartment in tower 1 first and then a 2nd tower is beying built next to it the rent can be half. Like a water tower, no pressure, no returns. Its best to leave this for public housing.
yes, lets kowtow to a few who get into power by skullduggery and hope they magically are able to figure out the right prices and population sizes for everyone. and anyone who disagrees can be sent to the outback
Hervey bay has had huge growth
Sure has!