Why Is Australian Housing So Expensive?
ฝัง
- เผยแพร่เมื่อ 16 พ.ย. 2024
- Glad we finally got it all figured out.
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Edited by ædish :) | / aedishedits
Outro music | @CMT8
#atrioc #clips #twitch
![เปิด อาณาจักร หมื่นล้าน "สาระตั้ม" l [Nickynachat]](http://i.ytimg.com/vi/3XE0nPF4YkQ/mqdefault.jpg)
As an Australian I was actually really excited to hear the Battle report 😭
Australian Housing isn’t as expensive as those Enron Hats ($35 plus shipping Big A you’re robbing me here!!)
hes a true enron at heart
That’s cheap
@@sunnohhhey big A, didn’t expect to see your alt account
@@Jantixzit’s a good quality hat, for $35 I don’t think it’s all that bad
I mean its a custom hat from a creator, not kmart. Id say worth the price
Kendrick dissing the housing market would dive it into the ground
Like it really needs the help dying
Certified inflation
Certified poor
@@JantixzIn this great nation
My landlord’s such a whore
@Jantixz That was so weak. Byting is only cool if you got skills. No rhyme, not even much sense behind it. Try again or stop.
@@Jartran72 This is sarcasm… right?
I'm an Australian finance broker who works internally for our largest lending aggregator, if you want someone to actually talk about Aus finance I'm a long term VODfrog :)
I can't tell if your profile pic shows you with a mustache or an implanted bulldogs upper lip.
Damn bro, just destroying this kids stache-confidence for no reason
@@khrishp I'm handsome as fuck and the stache works, stay mad.
@hemmoau I’m about your age work in Brissy as finance broker wbu?
@@reecedover3492 yeah man 25yo Sydney broker
Honestly, Skyler really had some unique perspectives on this. I can't wait to repeat them as my own ideas when my friends ask me about the Australian housing crisis!
I don't even care about the housing here is Queensland, but the Big E hat is $54 + $38 shipping 😭
It’s bad in Brisbane too, but not too bad outside the city
@@BirnieMac1 true, but I've lived in Brisbane my whole life and now I'm doing uni here too, and so many people have to be here just to go to uni because moving out from parents or to a different state even, seems impossible
huh?? hat is $35 + shipping. and shipping is free for me personally. pretty reasonable
@@kenana5941 AUD and international shipping cost...
@@kenana5941 exchange rate
Bro went to New Zealand, Landed in Auckland and still thinks it's part of Aus?
We must say that Canada is a part of the US in retaliation
Hey man, I'm just happy to be included
@@normalmighty I can relate man, the best thing about the Australian housing crisis is it makes Canada get remembered for our own nation-wide housing crisis
He probably was just looking at the flags if I had to guess... Funny af tho
It doesn't help that to a non-Australian/non-New Zealander, those flags are identical.
as some one in Melbourne here's 5 dot points for those with even a teeny tiny interest.
- population growth driven by an reliance on immigration for numerous industries
- urban sprawl and a general disproportionate amount of single family houses. (less dense)
- our supply of houses is recently being created by the greediest property developers you can imagine.
- Melbourne and Sydney are so centralised in terms of business, an hour outside of each it is mad max until that land is eventually eatten up by property developers.
why do they call him BIg a when he is very little
It’s short of BIG Ass glizzies
Because of the implications 😈 If you know what I mean 😉
Its big A(sshole) duh
He’s got big glizzy hands
@@him_That_is_me🗣️🔥🔥glizzy gang rise🔥🔥🔥🌭🌭🌭🌭😈😈😈😈
I really thought Dr Battle was going to make some meta point about how endless sub-contracting is a driving force in rental and property inflation here in Australia.
How the fuck is Adelaide on this list? Last I checked the city's growth slowed so much that it caused the state to lose federal government seats.
Nahh, we've always sat at 0.6-1% pop growth per year, it's just that Sydney/Melbourne sit at 1-2% and are already 4x our size so while we gain 10k people a year, they gain 80k. The bigger issue for Adelaide is little to no new housing being built and vastly increasing interest from outside the state of people who want to invest in real estate but are priced out of Melbourne/Sydney as they rose sharper and earlier than Adelaide did. But over the last 3 years Adelaide median house price has increased by 50% (I will never own a house :))
Surprisingly, lots of people are moving here and the city and as the guy above said, no new houses are being built to accomodate demand.
i live in Adelaide. Best city in Australia. Besides from housing, its the best place you can live. Why I got a farm 25mins from CBD
@@SalvatorOCE Dude, don't tell people that or more will move there and housing will be even worse 😂
I'm surprised Brisbane isn't there, you'd be lucky to get a house near the city for less then a million
The Battle Report never disappoints
At this point I really want to see a battle report that isnt a bit. Like doing the actual report and big A being satisfied is a bit in itself
It’s been incredibly hard for myself to move out of home because prices are so insane. Even with the income of two people (granted they’re not very high paying) even most townhouses are unaffordable, it will most likely be impossible for us to get a home loan. Finding anything that isn’t in the bad part of a bad neighbourhood is tough because shitboxes can be ‘valued’ at $1m+ unless you go to the very outer suburbs of Melbourne.
Isn’t the real reason it’s expensive is because it serves as a big tax loophole? If so, then the price doesn’t seem that bad if one has the money to buy one, though it seems that poorer Australians probably can’t benefit from it.
As a Canadian almost half of our population lives in those 2 cities so yeah it brings up the averages quite a bit
Same for Australia and Sydney/Melbourne. Seeing Adelaide, a city who's growth is so heavily in decline that their state lost parliament representation, still be on the top list is wild.
Australia is worse for Sydney Melbourne
Doesn't mean prices aren't to high look at new zealand most our population is in auckland but that doesn't mean it's not expensive every where else it just means you have more centered populations
And then, somehow, the other shit cities end up also more expensive. It's more broad based here in more places after the Toronto investor cancer truly spread eastward
As a Canadian outside of those cities, all of our cities are unaffordable. Except Winnipeg, but who wants to live in Winnipeg
im actually rolling man this is the funniest thing ive ever seen
I live in Western Sydney; can confirm, housing is physically unaffordable even in the cheeper areas
Thanks big A for this masterclass on outsourcing
The Late Battle Report, into a Procrastinated Bait and Switch feat. Punch, into....
Sawborg Destructo and Skyler. Perfect.
Thank God I got everything I needed today to understand Australia this really is the news required in the modern day can't wait to watch Bluey on my way out next week!
6 of the 15 are american cities and whats crazy is that new york has on average basically just as high but the level of billionaires and multi millionaires factored in for salary drops the "X times the median income" number because their yearly incomes greatly skew the "average income" numbers by so much. You need to be making like 160k + to afford a home on long island and the vast majority of people make under 50k many below 30k per year
a lot of people are working minimum wage jobs and not getting full time. If you worked at $16/hr for 52 weeks of full time 40hrs per week before taxes you would make about 33k after taxes youre lucky to have 25k but then factor in the prices of food, travel for work, gas, rising bill prices etc from monopolies like gas and electric companies (Oops my bad theyre considered an oligopoly since each gas and electric company decided, lets just take huge sections of the us and that way we are many companies but no other smaller companies can come in and survive because we own all of the existing infrastructure")
It’s the median though (not mean) so it’s not affected much by those insanely rich outliers
6/50 vs 3/7 though
It's the median though so their outrageous salaries don't skew it
Sure it's only 3 cities in Australia, but that's honestly like 50% of them, I'm pretty sure California alone has just as many cities as the entirety of Aus.
I’m my area, which is one of the worst in aus, there are only 23,000 ish houses for rent. Out of those 24 are considered in the affordable bracket.
Bro did you just call Auckland an Australian city?
Bait used to be believable
australia should invade
you're all like family to us bru
Really wrapped up nicely. Very educational
Almost gave up, and then BATTLE REPORT - all the HYPE
absolutely no notes on this battle report
“Almost Canadian” yup sounds about right, me and everyone else I know is paying 800-900$ a month for student housing in Hamilton
I feel like I understand the Australian housing market so much more now
I was so excited for the title there is actually nothing of value here it’s so funny
You deadass couldn't pay me to live on that huge empty ass island so this is wild to me.
Ever heard the rent number from an Australian and thought "damn that actually isn't so bad"? That's WEEKLY. Wouldn't surprise me if it was Murdoch that encouraged the shift because lower number = good. Also, 1:20 my fave Australian city Auckland 🇳🇿
Was very interested to hear why the Australian Housing Market so expensive as I live in Sydney this was very informative thank you Atrioc! I am so well informed now! Australia an Island AND a Continent?! that explains so much.
Quick breakdown from an Aussie for people actually curious. We can only build on the coast and can only go so far in before the land becomes inhabitable (we are mostly dessert and stuff), people deciding to move here and finally houses are just more expensive then what they should be even without those things in play. Im genuinely considering leaving this country for this reason, I dont want to though cause i got friends and family, i also cannot be stuffed going through what ever job transition stuff id have to do as a carpenter. The housing economy is horrible here.
Bro our rental crisis is insane. Anglicare recently did a study looking at over 45,000 rental properties across Australia and found that only 0.6% were affordable if you were earning full time minimum wage, 0.2% if on the age pension and if on job seeker or youth allowance 0%.
Wow that doctor battle what a brilliant mind looking forward to the next battle report
That battle report was honestly inspiring, I might be 60 years into my career and the CEO of Cocaine but honestly, might just become a journalist now.
We moved from South Texas to Ontario Canada in 2021 and me and my mom have to rent because she cant afford to buy a house currently since she doesnt wanna make herself house poor and use all her retirement savings so we share a $3000 a month rent payment +utilities.
This video has almost as much content as a battle report.
Atrioc gotta watch the Purple Pingers interview on The Project, I know he'd get a giggle out of it
The problem with the Australian housing market is 9/10 of the country is an unlivable hellscape. So when 4 cities are in the top 15 most expensive cities that only leaves 1 or 2 places to live in the country
On da bus thanks for keeping me distracted and safe from the crackhead pterodactyls they're oozing tonight
/j
I could have put a deposit down on a place here in Sydney. Instead bought a Lehman Brothers jumper which costs about the same to ship to Australia
Spider tax
As an Aussie I had a paralytic response to seeing this thumbnail
Those battle reports are always worth it
As an Australian, I feel a lot more confident about my future after watching this ❤❤
Thanks Sawborg, and sorry but Skylar was useless.
auckland, famous australian city
3 reasons why housing is expensive everywhere in the western world:
1. Immigration
2. Immigration
3. Immigration
BATTLE REPORT LETSGO BEEN WAITING MONTHS
California with 4 Cities in the top 15 is also crazy
The issue is that houses are now investment properties for those looking to make money rather than homes for those looking to live.
controversial opinion: it's the Chinese money coming into Australia and investing in real estate that making housing prices out of control. Australia and Canada are both top destinations for high value Chinese immigration.
confirmed atrioc house md review ?
Dang... I actually wanted to learn about Australian housing market tho lol
"There's only 2 Canadian ones" because Canada barely has any cities. I mean, we have a lot of cities but they aren't cities by what most people would recognize as cities; almost all our "cities" have barely a larger population than many small towns in the US.
currently watching this as I go over the Sydney harbour bridge to work so I can not save for a house 💯
As an ausie i might be homless soon
I trust Doctor Battle more then Doctor Carbonation ong fr fr
can't wait for another report from the only doctor we can trust, learned so much about the australian housing market
As a freelancer on Fiverr, I never thought I would come across my video in an actual video I watch lmaooooo
(I’m Skyler)
wait ong?
@@astrovation3281 yes ong
The seriousness of this video reflects the seriousness of the Australian governments reaction to housing crisis 🫡
Housing market is bad but not as bad as shipping prices on the merch
just live in the US 4head
Meanwhile Hong Kong prices leaving everyone in dust while the market is criticising our housing prices is dropping too much that it’s creating negative equity
Hong Kong is probably the only city on that list where it kinda makes sense that housing is expensive. It's one of the most densely populated places on earth and there's not that much room for expansion.
@@crediblesalamander8056About half of the people there own their home or are in public housing btw. Unlike the other cities listed, car ownership is very low due to its extensive public transportation.
australia been taking way too many notes from the US. Choose literally any other big country to mimic australia please
It’s a global effort to ensure permanent renters. Land is finite. There’s not going to be more land. Its value climbs as the population increases. Its constant ROE to hold property. I guess until it isn’t lol
Yeah except we don’t have that problem here in Australia lol
@@theaussiewaffle4276 how so?
@@masonparker24so much of australia is uninhabited. it’s not that every square foot of land is increasing in value because there’s ever growing demand and finite supply it’s speculation that certain areas will continue being more desirable then other areas
It's insane that two of the countries with the highest housing prices are also some of the least densely populated ones. The housing market is almost completely divorced from both land availability and population growth, it's mostly market speculation.
im supporting aedish because he supports me
I live in a terrible housing market and all I get is a battle report lol
I FEEL SEEN TOO MUCH BY THIS VIDEO AS A AUSTRALIAN
poor new zealand getting left out
the main reasons are:
- Immigration at extremely high levels
- The government essentially subsidising property investors so they buy them up at a very good price for them (negative gearing)
The reason why none of it is being stopped is because the old people would get really mad at you stopping negative gearing and immigration rates because then their investment properties would tank :( also immigration bc of unis and uber
Great report, Skyler should subcontract you for the next sawborg report for the next Punch report for the next Battle report :)
@@MagicMonkey96 who the fuck is skyler
why the fuck did we ever allow housing to become an "investment", it's a complete catastrophe.
@@glugtrop2010 wasn’t he the guy sawborg subcontracted?
Kind of correct, but immigration is necessary for Aus gdp. Without it we would most likely be in a post covid recession. Also governments need to subsidise property investors to put downward pressure on housing (supply and demand). The real solution to housing is more supply by removing limiting zoning laws, have a look at the eastern suburbs in syd for example or the northshore, youll see giant mcmansions with no affordable or dense housing. (source: Work at the federal department of the treasury)
Bluey that’s why
Housing is expensive for young people because all of them wanting to live in very tiny isolated spots globally all at once.
Manhattan - hell yeah!
New Jersey suburbia - fuuu! Nothing to do.
Paris, London - hell yeah!
French or British countryside - fuuu! Boring!
Even people with remote work value "fun of city life" more than "affordable housing". What we see is just a "fun tax".
My parents moved to the far north of Europe just because housing there was more affordable.
My grandfather lives in bloody Siberia for the same reason. Over there you can get land for free.
Can you imagine a modern American hipster relocating to Utah from Los Angeles for the same reason?
Sorry. Not sorry.
Battle report > rap beef
Did you just say Auckland is in Australia? 1:21
Look at the nation's average square footage around the world, Australia is number #1. Homes are way too big.
Australia has 80% of the land mass of the USA but only 7% of the population… nowhere near as dense so of course average house size is gonna be bigger with so much more land area per person
@@djjezza I think that's something that could be said about any country. What it tells us is the market is saturated with mostly big unaffordable homes. It's a supply issue for affordable homes.
@@jacobhholt Hong Kong is the least affordable country on that list and the average house is 484 sq ft, so seems the primary issue isn’t size of dwelling
A land value tax would fix this
Bro thought auckland was Aussie
A doctor a day keeps the battles away 🙏
i still dont know why australian housing is so expensive
did anyone understand wtf he said at the start of the video?????
SAWBORG THA GOAT
I’ll never get bored of Americans remembering Australia exists
I mean its kind impressive given how monumentally small our population is we still have some notoriety in the world.
It's realy not that small. There are more countries with fewer people than Australia than countries with more. Besides, notoriety is mostly related to wealth and cultural exports rather than population size. Almost no one gives a shit about Ethiopia, even though it has around 100 million people.
purplepingers is actually a hero tho it’s a policy failure for every homeless person so him doing whatever he can to help is actually so great
Can we get a battle report on battle report? I missed the first 6 episodes
I thought this was going to be insightful, can someone please explain why my rent went up from $425 to $600 per week, on a property that last sold in 2014 for $217,000
By my figuring, There is no way that this MF has not paid the mortgage off charging rates like that, unless they are only paying interest on the principle.... And hoping to sell off the house for its current "Market value" of around $750,000 or more, whiule having regular jackoffs like me service their mortgage.
BATTLE REPORT LFG
What if we all squat for a weeke. A weeke of being homeless and crash the houseing market
we’re glizzy guys, of course we comment ‘first’
THIS AS might be the best comment of all time
rent moving to $710/wk between myself my mother and my partner. wish us luck big a
GWARRRRRRR
End zoning
auckland is in nz
its going great down here 🙂 (help)
Auckland ain’t Australian
Auckland isnt Australian. As a New Zealander, i am deeply offended. Please get your facts right. Imagine if i said Vancouver was American. Absolutely despicable Big A
What about Dublin lol
As an Australian, I legit wanted a real battle report. Thinking I should just move to Thailand at this point.
😢
Cheers for making a joke of our housing market it’s horrible here btw and it isn’t really funny would have been nice to share some sort of information on it but disappointing to be honest
Sup big dawg 🤙
aukland is nz