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I work in building and builders are collapsing all around me and the government is not doing anything to stop it and on the other side of the coin are approving dramatic levels of immigration? Surely the government cannot be so incompetent? Unless they are owned by global corporates who have an agenda of hyper inflate until collapse to then swoop in and cash in for a purchase on the penny?
@stanlyqbrick1621 migrants and non home owners maybe. But home owners won't be. It's clearly not an issue as lots or migrants are still coming so they must be able to afford it
@@jameslay1348 but its clearly a Ponzi scheme? Propped up by rich immigrants (mainly chinese)buying at one end and poor immigrants to make it look like the economy has supply and so is functional. The reality is that the middle class that naturally sustains and grows a country is diminishing at a huge rate and thus the result is a few haves and mostly have nots and that creates huge issues around crime and racism etc. What's the point of living in a rich house on the hill surrounded by a favela?
When the middle class gets eroded, the least of anyone's concerns will be how many properties they own. Extreme inequality always leads to civil unrest and violence/crime. Homeowners and investors actually need to go against their short term financial interests if they want to maintain a society in which they want to live.
That's THE million dollar question. We know that the PK crew has been buying in Townsville, Bunbury, Mackay, Rockhampton and Perth and that they started buying in the northern suburbs of Melbourne, most likely in the Hume council. So I agree with you about the Perth yet to come, but unsure about the current Perth number 2?
Its a tight rope of seizing investment opportunity vs considering the higher good. Housing shortages and fast rising prices isnt a good thing. Dont let greed get out if control. Im looking for my first property but im not looking to go crazy. Is Townsville the next Perth? Where is the next next Perth? Id like to fo PK course but im bitten once twice shy with courses.
Mayhe Australia should focus on driving up immigration levels where no average worker can afford to live. In that way the government can say how well the economy is doing 😕
Real issue is coming from gov. One hand say increase housimg supply, other hand says the builder needs to follow complicated building rules, short consultant, short trades, short of material, interest high. How do you thing they can build more house if the gov squizes the builder to do their job. The condition right now pretty bad, not only many builders falling apart and also the good one call quit. If the gov does not wake up..price will always go up and you can only buy apartment or townhouse that affordable. No other choice to meet the demand. That is what the gov think about meeting the housing supply.
The reason house prices go up more than apartments and townhouses are because of body corporate fees. And people like to be able to have a conversation without your neighbour hearing you from a room as close as another bedroom.
Hi mate, it would be great if you could cover the fact that there’s close to 3000 homes in nsw that are selling for below listing prices and being discounted at upto 40% and in inner Sydney. Victoria has close to 5000. These are not properties for sale but properties that have been significantly discounted. Stock levels that are rising by the week. No of job losses in especially with the TIER 1 consulting companies. The collapse of the Chinese economy and what it means for our biggest export sector. I do believe that the other side has to be captured. Try driving through inner Sydney past all these new high rises at night. How many lights do you see on? There’s a lot of empty buildings. I feel that a certain narrative gets pushed over and over again.
The gov should incentivise builders by creating incentives for those that build over x a year. No company or income tax to that that achieve the required levels. no duty / tariff / tax on goods used to build. Etc etc. Demand state and local gov rezone land within x of a city centre. Ensuring multi family and high density. Treat it like the crisis it is.
Genius insight....wonder why overpaid beaurocrats didn't think of that? Fat cats sleep in the sun. Hungry dogs get the bone AND vote for common sense!!!!🤫🤫🤫
He owns 3 homes including his PPoR. He recently sold another in 2021 for $2.2m which he had to split with his ex-wife, so likely pocketing $1.1m in cash as there was no mortgage attached to it.
Another great insightful video. So is a unit or townhouse better than nothing? I own 2 rental properties on the Sunshine Coast and all things considered, being single income I can only borrow another $350,000.... I cant afford to buy detached house and land but i can get a townhouse/unit in Townsville for that for example. Do I invest in a unit or sit tight on what i have paying down PPOR motgage..... Im 40 hoping to be financially secure by 50...I dont expect an answer just thinking out loud, Thanks mate.
@chrisscullynz I strongly suggest you shop around to brokers to get creative before you use up the borrowing power the current one is saying you have. I definitely think you should invest if you can afford to but you don't want to limit yourself for the next one. Also...do PKs course, best money I've spent in property and that includes properties that have more than doubled in 3 years.
Hello Pk, i am in delima whether to buy established house to live in or building new in Perth. supply of house in the market is so low resulting higher price. So in such scenarios would it it be good to build new? Your advice would be highly appreciated.
There is no shortage, the investors are holding up 10 to 50 or 100 properties. All held by way of mortgages. It only takes one big economy to collapse which has a ripple effect on other economy, businesses will collapse, unemployment will rise, no one can afford to buy or rent.
Have you thought of the poor families suffering the housing crisis? Large disparity between the rich and the poor makes the community unsafe and it is not our interest making it worse. We ARE rich because many people didn’t have the property ladder.
@EastWood2004 lol. No one cares. Australians don't care! If they did care, they would be peaceful protests and everyone calling for a stop to migration until housing and infrastructure caught up and for albo to step down. But no one is! What does that tell you? More people have houses than don't have houses. And most are voters who want to see there house prices go up. God bless albo for house price and rental growth.
@EastWood2004 no one cares! Australians don't care!. If they did care, they would be peacefully protesting and asking Albo to step down. But they are not! All investors and home owners want to see their house prices and rents to increase and Albo has done an amazing job by making so many home owners rich. And theres more home owners that are voters than non home owners who want to see their homes go up in value. And long may it continue. I think he allowed 1.6m people into Australia last 3 years. I'm hoping if he's re-elected he can beat that record and do 5m in 3 years with very few new houses. This will continue to increase house prices and rents.
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Cool. Australia is set to build some really cool and affordable tent cities.
15 minute cities actually. But yes would be tents for the ones who don't submit willingly.
I work in building and builders are collapsing all around me and the government is not doing anything to stop it and on the other side of the coin are approving dramatic levels of immigration? Surely the government cannot be so incompetent?
Unless they are owned by global corporates who have an agenda of hyper inflate until collapse to then swoop in and cash in for a purchase on the penny?
@stanlyqbrick1621 this is why I'll be voting albo again. Makes investors and home owners rich. God bless him.
@@jameslay1348 How can you be rich living in a favela? Because that's what going to eventually happen.
@stanlyqbrick1621 migrants and non home owners maybe. But home owners won't be. It's clearly not an issue as lots or migrants are still coming so they must be able to afford it
@@jameslay1348 but its clearly a Ponzi scheme? Propped up by rich immigrants (mainly chinese)buying at one end and poor immigrants to make it look like the economy has supply and so is functional.
The reality is that the middle class that naturally sustains and grows a country is diminishing at a huge rate and thus the result is a few haves and mostly have nots and that creates huge issues around crime and racism etc. What's the point of living in a rich house on the hill surrounded by a favela?
its all on purpose and its happening globally
When the middle class gets eroded, the least of anyone's concerns will be how many properties they own. Extreme inequality always leads to civil unrest and violence/crime. Homeowners and investors actually need to go against their short term financial interests if they want to maintain a society in which they want to live.
I assume the next Perth is Townsville and the next next Perth is parts of Melbourne?
Toensville is cyclone party
That's THE million dollar question. We know that the PK crew has been buying in Townsville, Bunbury, Mackay, Rockhampton and Perth and that they started buying in the northern suburbs of Melbourne, most likely in the Hume council. So I agree with you about the Perth yet to come, but unsure about the current Perth number 2?
@@noskich government is planning to putting plenty of supply in north and west of Melbourne in the next decade. So don't think that would be good idea
No rate cut in 2024 for sure, and it can be only .25 or .5 in 2025
Its a tight rope of seizing investment opportunity vs considering the higher good. Housing shortages and fast rising prices isnt a good thing. Dont let greed get out if control. Im looking for my first property but im not looking to go crazy. Is Townsville the next Perth? Where is the next next Perth? Id like to fo PK course but im bitten once twice shy with courses.
Mayhe Australia should focus on driving up immigration levels where no average worker can afford to live. In that way the government can say how well the economy is doing 😕
Real issue is coming from gov. One hand say increase housimg supply, other hand says the builder needs to follow complicated building rules, short consultant, short trades, short of material, interest high. How do you thing they can build more house if the gov squizes the builder to do their job. The condition right now pretty bad, not only many builders falling apart and also the good one call quit. If the gov does not wake up..price will always go up and you can only buy apartment or townhouse that affordable. No other choice to meet the demand. That is what the gov think about meeting the housing supply.
The assumption only newly built homes constitutes the inventory is patently false. Most properties bought or sold are not newly built.
First by constant inflation, then by sudden deflation ...
Is it too early for Geelong, Ballarat and Bendigo, or a great time to buy because sentiment is terrible and rates haven't cut yet?
The reason house prices go up more than apartments and townhouses are because of body corporate fees. And people like to be able to have a conversation without your neighbour hearing you from a room as close as another bedroom.
Hi mate, it would be great if you could cover the fact that there’s close to 3000 homes in nsw that are selling for below listing prices and being discounted at upto 40% and in inner Sydney. Victoria has close to 5000. These are not properties for sale but properties that have been significantly discounted. Stock levels that are rising by the week. No of job losses in especially with the TIER 1 consulting companies. The collapse of the Chinese economy and what it means for our biggest export sector. I do believe that the other side has to be captured. Try driving through inner Sydney past all these new high rises at night. How many lights do you see on? There’s a lot of empty buildings. I feel that a certain narrative gets pushed over and over again.
@@runswmily I’m not super bullish on Sydney either
No cut this year. First cut will be in March 2025, 25bps
The gov should incentivise builders by creating incentives for those that build over x a year. No company or income tax to that that achieve the required levels. no duty / tariff / tax on goods used to build. Etc etc. Demand state and local gov rezone land within x of a city centre. Ensuring multi family and high density. Treat it like the crisis it is.
Genius insight....wonder why overpaid beaurocrats didn't think of that? Fat cats sleep in the sun. Hungry dogs get the bone AND vote for common sense!!!!🤫🤫🤫
Land titles are the issue, if that was streamlined and made development easy….. 7 star energy rating amongst the rest of red tape for new builds
No rate cuts this year
Houses in Sydney will almost double by 2030, especially upto 20-30km from the cbd
We predicted this in our Economics Class in1985.
We pay ourselves too much.
No for 2024 we won’t see a rate cut until Feb - March 2025 in my opinion
Great video PK
Thanks for the great video PK! What's the ratio of sales vs houses for sale for Canberra?
I think they will wait until a massive market scare before dropping rates. They will hold iff as long at they can.
Good! People go get crazy now and buy everything. Then you will realise what you got yourself into.
All the best!
Remember that people only care about themselves, im willing to bet albo owns many houses
He owns 3 homes including his PPoR. He recently sold another in 2021 for $2.2m which he had to split with his ex-wife, so likely pocketing $1.1m in cash as there was no mortgage attached to it.
Another great insightful video. So is a unit or townhouse better than nothing? I own 2 rental properties on the Sunshine Coast and all things considered, being single income I can only borrow another $350,000.... I cant afford to buy detached house and land but i can get a townhouse/unit in Townsville for that for example. Do I invest in a unit or sit tight on what i have paying down PPOR motgage..... Im 40 hoping to be financially secure by 50...I dont expect an answer just thinking out loud, Thanks mate.
@chrisscullynz I strongly suggest you shop around to brokers to get creative before you use up the borrowing power the current one is saying you have. I definitely think you should invest if you can afford to but you don't want to limit yourself for the next one. Also...do PKs course, best money I've spent in property and that includes properties that have more than doubled in 3 years.
Stick to house with land, you can get that for 350
@@MrCjwr88 Thanks for the comment mate, appreciate it.
@@AusPropertyMasteryWithPK You're a legend mate. My gut is telling me that, thanks for the conformation.
@@AusPropertyMasteryWithPK Have you done a video on borrowing off smaller lenders? It seems safer to go with the big four banks but im not sure.
Rate cut doesn't mean property values going up.
That's not what all the property spruikers think. They seem to think once drops do start dropping that prices are going beyond the moon
Im renting at the moment and regret selling my house a couple of years ago.. but ah well saving now for a deposit for an apartment wtf
te rule is, sell and buy. you only got yourself to blame as thats how the game is played. You live and learn
@@guitarmute why did you sell?
ouch! Was it a womens fault?
@@ritmolatino1627 facts
@@AusPropertyMasteryWithPK financially couldn't cope lost job during the pandemic
Hello Pk, i am in delima whether to buy established house to live in or building new in Perth. supply of house in the market is so low resulting higher price. So in such scenarios would it it be good to build new? Your advice would be highly appreciated.
@@tsheltrimtenzin5776 I m building, just got rip off,,
Buy established… I’ve done a video, RUclips new vs old pk Gupta
@@AusPropertyMasteryWithPKhave you done any videos on the next perth ?
No.
March 2025.
If rate cut this years house will be going (price ) again
going where? up or down?
@@ritmolatino1627 interest rate drop down house will going up for sure
They all will come back to Melbourne
There is no shortage, the investors are holding up 10 to 50 or 100 properties. All held by way of mortgages. It only takes one big economy to collapse which has a ripple effect on other economy, businesses will collapse, unemployment will rise, no one can afford to buy or rent.
But people need a roof over their heads. Limit migration. We need innovation and more home builds.
What will be the next and next next Perth?
where is the next Perth then??
If you wait to 2030 to buy you gonna be in trouble
NO
Isn't Canberra a capital city? 🤔
No
Check out the 18.6 year land cycle 👌 big crash in land and housing and stocks starting 2026
@@candreou85 I’ve done a video on it. Fake news
@@AusPropertyMasteryWithPK how is it fake news?
@@candreou85 refer to my video on it
2024 - No
This is assume that people are jailed in Sydney.😂
This is great news. I'll be voting albo again so he can increase migration and reduce home builds making investors rich. God bless Albo.
Me too🎉
Have you thought of the poor families suffering the housing crisis?
Large disparity between the rich and the poor makes the community unsafe and it is not our interest making it worse.
We ARE rich because many people didn’t have the property ladder.
Why poor people poor? Why rich people rich? Everyone know why
@EastWood2004 lol. No one cares. Australians don't care! If they did care, they would be peaceful protests and everyone calling for a stop to migration until housing and infrastructure caught up and for albo to step down. But no one is! What does that tell you? More people have houses than don't have houses. And most are voters who want to see there house prices go up. God bless albo for house price and rental growth.
@EastWood2004 no one cares! Australians don't care!. If they did care, they would be peacefully protesting and asking Albo to step down. But they are not! All investors and home owners want to see their house prices and rents to increase and Albo has done an amazing job by making so many home owners rich. And theres more home owners that are voters than non home owners who want to see their homes go up in value. And long may it continue. I think he allowed 1.6m people into Australia last 3 years. I'm hoping if he's re-elected he can beat that record and do 5m in 3 years with very few new houses. This will continue to increase house prices and rents.
It's cheap in wa. And then Darwin
Wake up.. smell some coffee... Govt is trying to stop this crazy price rise
😂😂 in your dreams
No 😂
No in 2024
Is any Australian property ownership better than no property ownership at all? Yes or No answers only.
Yes or no.
Yes or No
How many investment properties should one own?
i got 25 and ill like to have 5 more
Sell a few while you can. Greed is not GOOD. $$$$$$$😂😂😂
The answer is ‚boomer’ 😂
I better hurry up and buy
😆 chinese its always them 😆
I think this is all bs !