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Awesome chat! Basic, truth & wisdom

That is genius. Thanks for interviewing prof Keen

Great information from the guest. Thanks for posting.

What about when interest rate cuts happen?

In Canberra agents put Price Withheld on some sold properties which is very annoying ….. surely that can’t be right ?

Property near me was advertised guide price 800k...went to 1.25 million...these auctioneers and re agents are slimy a...holes.

I disagree in that at times you are competing with the auctioneer in that I have seen smaller bids refused by the auctioneer. So in this case you are competing directly with the auctioneer.

One problem in comparisons by the general public in NSW ( don’t know elsewhere) is that many agencies don’t allow publication of sold prices. Troublesome when doing your own comparisons.

National legislation is absolutely required. 👍

Great presentation I listen Compulsory

I think I just had an aneurysm listening to this guys rambling

Canada has just cut immigration. Get ready.

How about no incentives for purchasing homes for any person or group.

I am South Australian, only yesterday I was talking to a woman who had just moved from SE Queensland and they were aiming to buy a home in SA..

The simple shocking truth is that houses have basically doubled in Adelaide since the start of Covid, wages have remained the same. The Professor? discussing working from home, buying on line? is he really with it? Genuinely for the first home buyers, unless you got on the housing train before Covid, forget it!

Detective of money politics is following this very informative content cheers from VK3GFS and 73s from Frank from Melbourne Australia

The average cost to build a new house in Australia grew 29% in 5 years, from $345,000 (2019-2020) to $444,000 (2023-2024). The average completion time for new houses also rose 50% from almost 7 months in September 2019 to around 10 months in June 2024. (ABS Stats www.abs.gov.au/articles/home-building-through-pandemic )

Great presentation thank you compulsory listening

Thanks for another entertaining guest Chris and Veronica.,

Says alot if your daddy needs to bid for a property for you. Country is cooked

Good insights from a great guest here👍🏼

Ha! Property has become a pump and dump instrument used by buyers agents.

If you bought a house before Covid in Adelaide like me you’re set for life! If not you’re screwed..

We are in Tasmania and have been together 9 years and we had about a hundred grand each when we established ours - we have purchased and sold 7 homes in our fund in that time and now have a million - no fund could have done that for us Yes it’s hard work and loads of legislation etc but we pay the right people to do the right things Our property is a dual income one so it will give us 1100 per week in retirement so we are happy with that It’s not for the feint hearted though and it’s not set and forget but we are very happy we did it We are 55

The more rules and regulations put on landlords the more rents increase it's just simple mathematics.

Excellent thank you compulsory listening

The property crash is only a problem because of the system of considering real estate as an investment good isn't it?

I generally ignore MMT'rs. That being said this has been the best representation of Prof Keens take on MMT, since I've started watching him. Which for me is more about how the Fiat is distributed, not the premise itself. His "never gonna happen" scenario is far more aligned with my own. While equally if not moreso never gonna happen is my approach, I believe it should be UBI, possibly universal healthcare, and interest free credit for a nation of entrepreneurs. Next step would be Land value tax implementation.

Basically do NOT buy an investment property in victoria, particularly an apartment. Its far too risky. There are excessive taxes and endless regulations. In victoria if a tenant says they cant find anywhere else to live vcat will let them stay after the lease has ended. Landlords can struggle to live in their property

This is the funniest stuff I can watch as a renter of 20 years and recent home owner. Keep delivering the hits. Thank you for your service.

Vic's over the top legislation isn't over the top. With regards to the environmental standards, that's over the top. However, there are requirements for electrical gas and alarm safety in there which are well within best practice safety protocols e.g RCD requirement which is a safety feature. By not having those, you are putting the occupants at risk.

You'll find more state and national regulations and legislation to follow to prevent rental incomes from continuing to rise further. It will continue, and the taxation burdens that result from people having to pay higher rents or not being able to afford housing are far more costly than having some investors exit the property market. A shake-out of real estate investors is required.

The biggest issue is that previously in Victoria after the first 12 months if the tenant was not looking after the property from a cleaning/maintenance aspect they could be told the lease would not be renewed with no discussion why. This was obviously after the tenant during the first 12 months was given guidance on what was a reasonable standard of cleanliness and wear. No reason was given but they always knew why because communication was clear and ongoing early. What do we do now to protect our property? Carpets, curtains, ovens, paint finishes etc are all incredibly expensive to rectify and replace now. I think disputes on bond recovery will explode as the opportunity to mitigate this issue early has now been legislated out.

Goverment interference has crashed Victoria's economy. They have killed the goose that lays the golden eggs.

They had a cronulla riots member Maclay Longhurst working under Bresic Whitney for years and they were ok with that. What kind of values does this estage agency hold to keep a hold of such a character.

Good measured general advice on resi property investment. Thanks

housing is not a right in any country but to win votes the squids at the top promise lots.

Great presentation thank you compulsory listening

Are you serious ? Bresic Whitney under value their properties all the time. They give all kinds of excuses. In the filter to search, they may put highest amount as (eg) $900,000 then when you query the price that the vendor is expecting - its much higher that that max filter price. Such BS artists. And talking about auctioneers extracting more money out of people !! How the hell is that something to be so proud of?

Great guest as usual.

Crazy to follow Domain's statistics.

Thanks team. Good chat. Calm and considered.

I feel like I am listening to someone who has been living on a different planet ... what don't you understand about the fact that Australia just went through an open broad daylight fascist dystopian coup, and we are now supporting a proxy war against Russia in Ukraine led by banderite Nazis and sheep-dipped NATO "mercenaries", we are supporting a genocide in occupied Palestine, economic wars against anyone who doesn't bend over for the USA, and we recently went through the single most obvious fraud of any kind in the entire global history of fraud, and not one person in government got punished ... do you think these things have no impact, or are you so brainwashed you just cannot admit to the reality you live in??

Chris Bates makes great grunts, like an old ram

Woman in her 40's here and yes sir, you are correct, hahaha... We have a family SMSF and I do all the work including lots of research! Great video, thanks so much, enjoyed watching.

Over 60, the government changed the rules about 3 years ago and now you have to keep at least $6000 in the account otherwise the account is closed. Prior to that the balance was $1000. Bastards. The government always screws us.

Great topic and guest. I learn a lot from these experts. Thanks.

Smart guest here pandering to the favourite gender here…flattery will get you everywhere

I swear I heard a bovine trying have input in the audio at times..

I feel for young couple who had a SMSF and lost $500k (Abcnews, AFR). Lesson there was don't take advice from a company to invest in a property product. Either buy a home yourself directly so you own it. Not use third party spruikers. If they are lucky they may get a pittance back through the Compensation Scheme of Last Resort (CSLR).