Thanks for sharing. Financial education is crucial today to demonstrate incredible resilience and discipline in a volatile market, masterfully balancing strategy and insight to achieve success. This dedication to continuous learning is inspiring... managed to grow savings from about 100k to a decent 340k in a few weeks... I am especially grateful to Chusmon Anderson whose deep experience and traditional trading acumen have proven invaluable in this complex, ever-changing financial landscape.
Population growth is solely due to immigration. I would suggest that a lot of immigrants are renting not buying. This is because they either don't yet have a deposit or are still trying to settle into a new environment. This is reflected in the low rental vacancy rate. Investors are leaving the market due to increased compliance costs, increased land tax, increased renters rights (pets, changes to lease termination laws etc) leading to fewer rentals available which is reflected in low rental vacancy rate. Cost of living is driving renters to share rental accommodation or return home leading to a very slight jump 0.1% in vacancy rate. Owner occupiers are not selling because they can see that reserve prices are not being met in say 40% of all auctions in Melbourne. There is a lot of financial distress, it's just hidden, as the banks are not forcing properties into receivership like they did during the GFC as it creates panic and major financial loss to the bank. So fewer investors, higher than the last seven years interest mortgage rates, higher cost of living and lowering auction clearance rates have all combined to dampen the market considerably. Until interest mortgage rates reduce the status quo will largely remain. This is not hate just the current scene in Melbourne. If you invest against the trend when property is on sale I agree early 2025 may bottom before a strong price rebound. Property investing is 10+ years and based on the long-term horizon which should be positive.
@@JoanneBurford09 you should clarify...its land tax for individual owner. If you own property in trusts such a discretionary or smsf etc the land tax is not much different to some other states such as Qld. But for an individual owner, the land tax threshold is much lower than in most other states.
Victoria is a hellscape. Run away from Victoria. Rape of the landlord in Victoria. Great video content, fundamental economic analysis, great work Nero, very happy with you.
The properties will continue to rise because the salaries and services are rising too. So if theres a chance to buy properties take advantage of it. But the only question is, how to hold it long term and deal with the problems like tenants and maintenance.
Salaries only rise a little , but properties price rise a lot ? What services u talking about ? It is supply and demand , supply in Sydney is up , demand is coming down . How do u think it gonna happen in Sydney ? Properties price rise again ? Who can afford to buy ?
😂 property prices will decline in 2025 .if the average person is not making more money .how can they afford higher prices. Prices can go to 3Million. Yet average person makes less then 100000$ . fundamental 😂
he's lying folks... Property prices are dropping off a cliff... Was just looking at average prices on corelogic on properties in Sydney in the last month, they are down between $40,000 and $100,000 ... the crash is on
Are you American? You seem to think Sydney is the only real estate market in Aus like an American thinks the US is the only country on the planet. There are many markets in Australia and most investors avoid Sydney for a reason. Just because Sydney might be tanking doesn't mean the rest of the markets are too.
@@Redhotrock why? Prices have been ridiculous in Sydney for years and yet people still want to live there and get large mortgages. You may not be able to afford the property price but someone else can which is all that is needed to maintain the property value.
Thanks for sharing. Financial education is crucial today to demonstrate incredible resilience and discipline in a volatile market, masterfully balancing strategy and insight to achieve success. This dedication to continuous learning is inspiring... managed to grow savings from about 100k to a decent 340k in a few weeks... I am especially grateful to Chusmon Anderson whose deep experience and traditional trading acumen have proven invaluable in this complex, ever-changing financial landscape.
Actually, financial education is always good. I've heard a lot about him but no one seems to provide his contact information. How can I reach him? 🙏🙏🌺
HIS TELE GRAM
Anderson6x9 ✊✊✊ ✊✊✊🚀🚀🚀
Thanks for the info... I will contact him as soon as possible. I also want to gain good knowledge and stop losing. 🙏🙏
I and my brother are favoured financially, Thank you Chusmon Anderson $32,000 weekly profit regardless of how bad it gets on the economy
Prices may come down in the short term or flat line for a few years but will go up again when interest rates come down again
Investors are all cashing in
Don’t be fooled hold back watch the crash 2025
They said house prices would dive 2 years ago and they didn't
@@jism1125who are they
@@nathanparkinson3955 the so called experts
All his videos are in a nutshell, "Price will boom, keep pumping it up". I have seen some of his videos and they all have the same message.
Population growth is solely due to immigration. I would suggest that a lot of immigrants are renting not buying. This is because they either don't yet have a deposit or are still trying to settle into a new environment. This is reflected in the low rental vacancy rate. Investors are leaving the market due to increased compliance costs, increased land tax, increased renters rights (pets, changes to lease termination laws etc) leading to fewer rentals available which is reflected in low rental vacancy rate. Cost of living is driving renters to share rental accommodation or return home leading to a very slight jump 0.1% in vacancy rate. Owner occupiers are not selling because they can see that reserve prices are not being met in say 40% of all auctions in Melbourne. There is a lot of financial distress, it's just hidden, as the banks are not forcing properties into receivership like they did during the GFC as it creates panic and major financial loss to the bank. So fewer investors, higher than the last seven years interest mortgage rates, higher cost of living and lowering auction clearance rates have all combined to dampen the market considerably. Until interest mortgage rates reduce the status quo will largely remain. This is not hate just the current scene in Melbourne. If you invest against the trend when property is on sale I agree early 2025 may bottom before a strong price rebound. Property investing is 10+ years and based on the long-term horizon which should be positive.
Wow wtf happened in Vic?
@@Soundmaster91land tax
@@JoanneBurford09 you should clarify...its land tax for individual owner. If you own property in trusts such a discretionary or smsf etc the land tax is not much different to some other states such as Qld. But for an individual owner, the land tax threshold is much lower than in most other states.
Victoria is a hellscape.
Run away from Victoria.
Rape of the landlord in Victoria.
Great video content, fundamental economic analysis, great work Nero, very happy with you.
The properties will continue to rise because the salaries and services are rising too. So if theres a chance to buy properties take advantage of it. But the only question is, how to hold it long term and deal with the problems like tenants and maintenance.
Salaries only rise a little , but properties price rise a lot ?
What services u talking about ?
It is supply and demand , supply in Sydney is up , demand is coming down .
How do u think it gonna happen in Sydney ? Properties price rise again ? Who can afford to buy ?
Until interest rates come down, there is no growth mate. It's stopped.
😂 property prices will decline in 2025 .if the average person is not making more money .how can they afford higher prices. Prices can go to 3Million. Yet average person makes less then 100000$ . fundamental 😂
he's lying folks... Property prices are dropping off a cliff... Was just looking at average prices on corelogic on properties in Sydney in the last month, they are down between $40,000 and $100,000 ... the crash is on
Only people with no house believe theres a crash coming.
@@jism1125 absolutely or their not educated enough to understand property cycles.
Are you American? You seem to think Sydney is the only real estate market in Aus like an American thinks the US is the only country on the planet. There are many markets in Australia and most investors avoid Sydney for a reason. Just because Sydney might be tanking doesn't mean the rest of the markets are too.
If prices don’t fall then people would start leaving Australia
In case of global economic depression properties would fall around 50% at least
@@Redhotrock why? Prices have been ridiculous in Sydney for years and yet people still want to live there and get large mortgages. You may not be able to afford the property price but someone else can which is all that is needed to maintain the property value.