Martin has always been right in saying where things should go. Even when property prices we're falling following the post covid highs, he said the government would pull the immigration lever to bring up demand and thus house prices. And look what happened, 2 Canberra's worth of people in one year. People want to have it over him because his predictions haven't come to fruition, but when there's no more levers to pull and half of Australia is living in poverty, he will be right.
That was a super interesting conversation. Especially the similarities and differences between the Australian and UK property markets. It makes you realise that government policies really matter and we should all be paying closer attention to them.
Martin is correct to point out that Australia’s interest rates are too low compared to the UK (and the rest of the world). The RBA should have started raising rates earlier and higher. Regards with UK’s landlords (17%), I hear that a lot of the landlords are very wealthy people or corporations. That is the consequence of their tax laws. Martin is right that people pouring their money into high-rise are getting burnt. Strata fees are not only very high many have huge issues. Shop around.
Good that you called Martin out for his 2020/21 price fall predictions of 40% which he repeated ad nauseum including on ABC radio. He’s walking it back now but there are plenty of alarmist recordings from the time.
Yes i remember that well! I was ready to sell with that as a one factor to sell at the time ! I c glad i did not because my property value has almost doubled! And i would of been homeless or renting waiting for the drop! But many did sell at the time and are regretting it. To be fair to Martin he did not forsee the huge government stimulus to prop and push up the property market! Also now with immigration , shortage of material ,builders, land release , and housing stock. In saying that in the near future i can see a 1929 to 1939 depression prolonged and on steroids. With the property market dropping 40% & even much more.
Conclusion: the UK is actually taking responsible steps to address the unaffordable prices of buying and renting property. I.e. increased social housing and no tax breaks for housing investment.
Hasn't helped them that much prices are terrible compared to there wages and sounds like More corporate investor's rather than mums and dads ,which I think is worse
Martin might be right Best, worst, maybe, 33.3 % up or down or 33.3 % not going anywhere scenario, but It’s the market that’s absolutely totally ridiculous
The advantages and disadvantages of migration include various factors. The advantages include a more flexible labor market, and a larger pool of skills, whereas the disadvantages include crowding, congestion, and increased demand for public services due to immigration , the great housing con job and everyone is having a bite
You don't think the fact that all future generations will not be able to buy a house without massive outside help from family is not gloom and doom? How can you save for a deposit with massive rents to pay? Yes you can wheel and deal to get up the property ladder but that can only work for a tiny minority.
@@amraceway that's right! I like how they talk about how people who listened to Martin may have missed out.....without acknowledging the fact that everyone younger than that will never have the opportunity of missing out!
@@amraceway my kids will become landlords by the age of 21, with my help. If you’re not making plans for YOUR future and for YOUR children’s future, you should consider yourself a failure.
Couldn't agree more . Sitting on the sidelines was the biggest mistake the previous generations made .They could have easily bought a couple of properties each 30 years ago . No point finger pointing now , the boomers should have thought better in the 90's and 2000's and invested for the kids and grand kids.
@@PradyVK boomers didn’t think about investing because they had everything delivered to them on a silver platter. Free education, free medical, good wages and lots of wage rises.
Great job guys, have been waiting to have this contrast:- So summary Australia 1.2million homes by 2029 USA 3 million homes by 2029 UK 1.5million? homes by 2029 Qu: Why are they jumping and why all in sync by 2029? AI? Climate change? Wanted to be excited as a renter but options are still moving to Europe....because who's building 6 million homes over 5 years? Sounds like vote buyer....we need to deal with/where Seniors are going and when. Because I'm guessing in just 5 years they will be turning 80.....🎂 another 20 years to go and still living in the community since aged care review just said we've privatised again, gonna cost you $40k more and no cap on what Bain, Blackrock, Blackstone can charge now "limitless lifetime cap". Where's the advocate thst launched that 🤑. So they stay in community longer, everyone buys caravans to pitch in verge🏕🏕🏕🏕🏕
Martin has always been right in saying where things should go. Even when property prices we're falling following the post covid highs, he said the government would pull the immigration lever to bring up demand and thus house prices. And look what happened, 2 Canberra's worth of people in one year. People want to have it over him because his predictions haven't come to fruition, but when there's no more levers to pull and half of Australia is living in poverty, he will be right.
I have great regard for Martin North , he is so consistent that he consistently gets his predictions wrong 😉
@@PradyVK The market can stay irrational, longer than you can stay solvent. Don’t try and time it.
@AussieZeKieL , need to understand the property clock .Try to do research on that .
@@PradyVKThere is no way to time cleptocracy bs
That was a super interesting conversation. Especially the similarities and differences between the Australian and UK property markets. It makes you realise that government policies really matter and we should all be paying closer attention to them.
Martin is correct to point out that Australia’s interest rates are too low compared to the UK (and the rest of the world). The RBA should have started raising rates earlier and higher.
Regards with UK’s landlords (17%), I hear that a lot of the landlords are very wealthy people or corporations. That is the consequence of their tax laws.
Martin is right that people pouring their money into high-rise are getting burnt. Strata fees are not only very high many have huge issues. Shop around.
Excellent thank you compulsory listening
Martin, the only not biased opinion
Good that you called Martin out for his 2020/21 price fall predictions of 40% which he repeated ad nauseum including on ABC radio. He’s walking it back now but there are plenty of alarmist recordings from the time.
Yes i remember that well! I was ready to sell with that as a one factor to sell at the time ! I c glad i did not because my property value has almost doubled! And i would of been homeless or renting waiting for the drop! But many did sell at the time and are regretting it. To be fair to Martin he did not forsee the huge government stimulus to prop and push up the property market! Also now with immigration , shortage of material ,builders, land release , and housing stock. In saying that in the near future i can see a 1929 to 1939 depression prolonged and on steroids. With the property market dropping 40% & even much more.
Detective of Money Politics is following this very informative content cheers from VK3GFS and 73s from Frank
I wonder how many houses are owned by their pollies 🤔
Conclusion: the UK is actually taking responsible steps to address the unaffordable prices of buying and renting property. I.e. increased social housing and no tax breaks for housing investment.
Hasn't helped them that much prices are terrible compared to there wages and sounds like More corporate investor's rather than mums and dads ,which I think is worse
Martin might be right Best, worst, maybe, 33.3 % up or down or 33.3 % not going anywhere scenario, but
It’s the market that’s absolutely totally ridiculous
The advantages and disadvantages of migration include various factors. The advantages include a more flexible labor market, and a larger pool of skills, whereas the disadvantages include crowding, congestion, and increased demand for public services due to immigration , the great housing con job and everyone is having a bite
So martin, you are an investor?
I’m a perma bear when it comes to pricing real estate in Bitcoin or Gold.
You spout on about being an expert but you’ve never thought about transport.
With your opening statements and introduction on your interest I will not listen to you. What a mouthful worth of rubbish.
Martin, why don’t you do an interview with PK Gupta?
I’d love to see your doom and gloom opinions get challenged.
You don't think the fact that all future generations will not be able to buy a house without massive outside help from family is not gloom and doom? How can you save for a deposit with massive rents to pay? Yes you can wheel and deal to get up the property ladder but that can only work for a tiny minority.
@@amraceway that's right! I like how they talk about how people who listened to Martin may have missed out.....without acknowledging the fact that everyone younger than that will never have the opportunity of missing out!
@@amraceway my kids will become landlords by the age of 21, with my help.
If you’re not making plans for YOUR future and for YOUR children’s future, you should consider yourself a failure.
Couldn't agree more . Sitting on the sidelines was the biggest mistake the previous generations made .They could have easily bought a couple of properties each 30 years ago . No point finger pointing now , the boomers should have thought better in the 90's and 2000's and invested for the kids and grand kids.
@@PradyVK boomers didn’t think about investing because they had everything delivered to them on a silver platter.
Free education, free medical, good wages and lots of wage rises.
Great job guys, have been waiting to have this contrast:-
So summary
Australia 1.2million homes by 2029
USA 3 million homes by 2029
UK 1.5million? homes by 2029
Qu: Why are they jumping and why all in sync by 2029?
AI?
Climate change?
Wanted to be excited as a renter but options are still moving to Europe....because who's building 6 million homes over 5 years? Sounds like vote buyer....we need to deal with/where Seniors are going and when. Because I'm guessing in just 5 years they will be turning 80.....🎂 another 20 years to go and still living in the community since aged care review just said we've privatised again, gonna cost you $40k more and no cap on what Bain, Blackrock, Blackstone can charge now "limitless lifetime cap". Where's the advocate thst launched that 🤑. So they stay in community longer, everyone buys caravans to pitch in verge🏕🏕🏕🏕🏕
With your opening statements and introduction on your interest I will not listen to you. What a mouthful worth of rubbish.