That makes no sense??? The price is determined by supply and demand. We don't have enough houses hence the price keeps going up. Greed has nothing to do with it!!
@@flyingrc2041 there is enough houses look at Melbourne Take the incentive of investors and the house market is flooded It’s all greed by investors writing of there income tax off
Niro, you rock! I love your analysis and easy delivery style. Keep up the good work. Now let me posit a counter to the number always go up forecast you are predicting. If and its a big if, there is an economic downturn, say war in the pacific, say Chinese demand for steel collapses, the bottom falls out of the iron or price. Without that cash cow fuelling our economy our oversized government will need to triage, leading to loss of government jobs, as well as all the jobs because of government, hmmm, an example, what is the biggest drain on the Australian coffers right now? NDIS maybe? How big an employer in the Australian economy either directly or indirectly is NDIS, how many businesses hang off NDIS? What if we start mothballing the mines because operating costs exceeds returns. If our economy starts to unwind under these tidal forces, then there will be an unemployment spike, property foreclosure bonanza and a transition from home ownership to renting for the majority of not so wealthy Australians. This will mean a property price collapse. Followed by a feeding frenzy as the vultures swoop in to feast on the misery. There is no better way for the rich get rich then off the misfortune of others. You can bet your bottom dollar this is being architected. So in summary my counter to number always go up is that economic cycles are just that cycles and the downturns are built into the system. Enticing you into over committing now is exactly their play book. I say be cautious, hope for the best but always, always plan for the worst.
Love this guy, not sure of mosts people's vuew but he is SO good at speaking CLEARLY, slowly, and makes it SO easy to understand no fluff, just basic language that make complex issues quite simple to follow. Thank God because this whole country is full of so much confusion, mis truths and illogical scenarios. Thanks Nero you are priceless!
What about telling Australians the truth about the positive impact on home prices that illogical IMMIGRATION numbers, that were NEVER an election platform, have contributed to next generation aspirational homeowners being UNLIKELY to ever own a single home!!!!! Traditionally the cost of land was 1/3 with construction accounting for 2/3 of total outlay. Today these figures are reversed and CLEARLY have made it difficult for next generation aspirational 'homeowners??' Why this is the case may be worthy of further investigation by yourself??? Land costs have risen as a result of bizzare State Taxes eg. 'Windfall Tax' that is certainly NOT a Windfall for new purchasers. 🤔🤔🤔🤔🤔🤔 Cut the counterintuitive LAND taxes to increase SUPPLY of land at hopefully AFFORDABLE prices. 🏘🏘🏘🏘🏘🏘🏘🏘🏘🏘🏘🏘🏘🏘🏘🏘🏘🏘🏘🏘🏘🏘🏘
All these are carefully planned and set with love and care for our dear property investors, just as how God has carefully created and prepared the earth for life 💗🎉
One sure sign that the market is collapsing is the number of properties that are bought before market and the number of people at auctions. Hardly anyone is turning up to auctions and vendors will take what ever they can get before the auction. so there is a shortage of houses and nobody is turning up to auctions ... riddle me that Batman the first signs of a crash are becoming clearer by the day.
From Sydney found your channel for a real estate agent that was quoting your channel. My area in Blacktown they reckon the real estate will hit 1.6 to 1.9 agent advise me in 2028
@@libatalklieb5793 I hope so too, as I've been to 4 local agents for an idea of selling. And 3 out side the local area. Alot of people are selling up and moving into our area. Which is causing the local market to go up.
For me I'd prefer to put my money in super, bit less of a gamble, like you need house prices to double over 10 years, which may happen but it might not
Niro, you have not laboured on one point though. Property prices will bottom out if our country no longer becomes attractive to migrants. I Say this having multiple properties. As property prices continue to climb, my concern is that our fertility replacement rate is poor, and we are greatly reliant on migrants to do work here - be it skilled or menial. Even in the skilled segments, migrants are starting to rethink if they should come because quality of life is low, with very high taxes and escalating property prices. They might fare better in the long term if they stayed in their country of origin. If property doesnt self regulate, or plateau, then migrants wont come, and i feel that this will be the eventual crash that the property market will see. China, which in my mind, is our only way out of recession, is proving to be less and less friendly towards us.
We have Australians on exodus to SE Asia because it's so unaffordable here. Hopefully the migrants will try to go there instead of here (or stay/go the **** back in their country) and Aussies come back home.
There must come a point where the cost of a down payment of say 10% to get a loan is beyond first home buyers and immigrants. I think rents will continue to increase as most new home buyers will not have a deposit. We will get a price boom if investors get into the market. Will the government promote investors through incentives or continue to treat them as the problem not the solution. There are more votes in pretending to treat investors as the problem and vilify them. So rents will increase and property prices will modestly increase as ability to save a deposit is reduced.
Bro
There is enough houses
We have a issue with greed 😎
and so does this Niro guy. All he wants you to do is BUY MORE
@@matteobombonato5840He should go buy up some slums in Calcutta
That makes no sense??? The price is determined by supply and demand. We don't have enough houses hence the price keeps going up. Greed has nothing to do with it!!
@@flyingrc2041 wake up, the politicians will do ANYTHING to keep house prices rising
@@flyingrc2041 there is enough houses look at Melbourne
Take the incentive of investors and the house market is flooded
It’s all greed by investors writing of there income tax off
Niro, you rock! I love your analysis and easy delivery style. Keep up the good work. Now let me posit a counter to the number always go up forecast you are predicting. If and its a big if, there is an economic downturn, say war in the pacific, say Chinese demand for steel collapses, the bottom falls out of the iron or price. Without that cash cow fuelling our economy our oversized government will need to triage, leading to loss of government jobs, as well as all the jobs because of government, hmmm, an example, what is the biggest drain on the Australian coffers right now? NDIS maybe? How big an employer in the Australian economy either directly or indirectly is NDIS, how many businesses hang off NDIS? What if we start mothballing the mines because operating costs exceeds returns. If our economy starts to unwind under these tidal forces, then there will be an unemployment spike, property foreclosure bonanza and a transition from home ownership to renting for the majority of not so wealthy Australians. This will mean a property price collapse. Followed by a feeding frenzy as the vultures swoop in to feast on the misery. There is no better way for the rich get rich then off the misfortune of others. You can bet your bottom dollar this is being architected. So in summary my counter to number always go up is that economic cycles are just that cycles and the downturns are built into the system. Enticing you into over committing now is exactly their play book. I say be cautious, hope for the best but always, always plan for the worst.
NIRO WILL ALWAYS TELL YOU PRICE BOOM IS ON THE WAY , BECAUSE HE WANTS MORE CLIENTS
Not just him! The data is also clear house prices will continue to go up. We simply don't have enough houses
Love this guy, not sure of mosts people's vuew but he is SO good at speaking CLEARLY, slowly, and makes it SO easy to understand no fluff, just basic language that make complex issues quite simple to follow. Thank God because this whole country is full of so much confusion, mis truths and illogical scenarios. Thanks Nero you are priceless!
Are mining exports slowing, especially in WA and Qld?? If so them workers becoming available may halp depress prices a little.
nice video man, I've appreciated all your takes over the recent months
Thanks man. I appreciate your kind feedback
What about telling Australians the truth about the positive impact on home prices that illogical IMMIGRATION numbers, that were NEVER an election platform, have contributed to next generation aspirational homeowners being UNLIKELY to ever own a single home!!!!! Traditionally the cost of land was 1/3 with construction accounting for 2/3 of total outlay. Today these figures are reversed and CLEARLY have made it difficult for next generation aspirational 'homeowners??' Why this is the case may be worthy of further investigation by yourself??? Land costs have risen as a result of bizzare State Taxes eg. 'Windfall Tax' that is certainly NOT a Windfall for new purchasers. 🤔🤔🤔🤔🤔🤔 Cut the counterintuitive LAND taxes to increase SUPPLY of land at hopefully AFFORDABLE prices. 🏘🏘🏘🏘🏘🏘🏘🏘🏘🏘🏘🏘🏘🏘🏘🏘🏘🏘🏘🏘🏘🏘🏘
He’s a Jeet so won’t admit that.. The tsunami of this demographic will destroy us and Canada, and everywhere else it flocks
Perth has finally recovered from 2011 highs in some suburbs! 5:42 some bluechip suburbs are flat!
Thanks, Niro, always relying on the data!
Interest rates are not going down jobs will be lost
Watch the housing listing increase
Prices are going down down down
😂 ohhhh what a journey you’re about to go in….
bet u poor idiot
All these are carefully planned and set with love and care for our dear property investors, just as how God has carefully created and prepared the earth for life 💗🎉
One sure sign that the market is collapsing is the number of properties that are bought before market and the number of people at auctions. Hardly anyone is turning up to auctions and vendors will take what ever they can get before the auction. so there is a shortage of houses and nobody is turning up to auctions ... riddle me that Batman
the first signs of a crash are becoming clearer by the day.
Every boom ends.....wait for the Dow to drop buy at least 30%....then markets will freeze....
How many are knock down rebuilds? Diverting resources to add no additional stock
He make sure everybody jumps in to the property market to push up prices so that this guy can make more money with 50 properties still under mortgage
Markets within markets. Australia has a great many different markets.
Bro you will need to start a new TH-cam channel soon 😎
Thank you for being the voice of reason in these crazy times!
My pleasure. I appreciate the feedback
From Sydney found your channel for a real estate agent that was quoting your channel.
My area in Blacktown they reckon the real estate will hit 1.6 to 1.9 agent advise me in 2028
@@stuarthunter115 I hope you are right
@@libatalklieb5793 I hope so too, as I've been to 4 local agents for an idea of selling. And 3 out side the local area. Alot of people are selling up and moving into our area. Which is causing the local market to go up.
@@stuarthunter115’your area’ hahaha. Your area isn’t in Australia
For me I'd prefer to put my money in super, bit less of a gamble, like you need house prices to double over 10 years, which may happen but it might not
Niro, you have not laboured on one point though. Property prices will bottom out if our country no longer becomes attractive to migrants. I Say this having multiple properties. As property prices continue to climb, my concern is that our fertility replacement rate is poor, and we are greatly reliant on migrants to do work here - be it skilled or menial. Even in the skilled segments, migrants are starting to rethink if they should come because quality of life is low, with very high taxes and escalating property prices. They might fare better in the long term if they stayed in their country of origin. If property doesnt self regulate, or plateau, then migrants wont come, and i feel that this will be the eventual crash that the property market will see. China, which in my mind, is our only way out of recession, is proving to be less and less friendly towards us.
We have Australians on exodus to SE Asia because it's so unaffordable here. Hopefully the migrants will try to go there instead of here (or stay/go the **** back in their country) and Aussies come back home.
I work with a lot of immigrants, and they mostly say housing is super expensive where they come from, cost of living the same
Generally
There must come a point where the cost of a down payment of say 10% to get a loan is beyond first home buyers and immigrants. I think rents will continue to increase as most new home buyers will not have a deposit. We will get a price boom if investors get into the market. Will the government promote investors through incentives or continue to treat them as the problem not the solution. There are more votes in pretending to treat investors as the problem and vilify them. So rents will increase and property prices will modestly increase as ability to save a deposit is reduced.
Now i feel this guy is just making click bait vids, how much more can you talk about the same thing
Clickbait
Falling dwelling approvals is good. It means house prices and rents rise 🎉
Another load of garbage unsubscribed
Same thing again and again with click bait title and label. Boo! Unsubscribed for click bait self promoting video, yet again.
This guy creates panic buying through youtube to make more money. Boooo!