You said it, "today we have more dual income families". In the 50's, 60's and even 70's a one income family paid off their home in under a decade. All too often paid for property/home in cash. It did all go up a lot in the 70's, but still within a 1 income households max budget. In the 1980's (Bob Hawk era-ish) it went up to 15 to 20 years or a decade for a 2 income family. After that it was all greed and insane, with a 2 income family needing 2 decades to pay off a home, and today? So, the standard of life today is better? Guess the answer depends on what one looks at. How long it takes to achieve the Aussie dream or how quickly one can heat up a.meal!
No one seems to mention the increase in taxation over the years and the myriad of new taxes. Why? Or where all of this money from China from exports goes, it is in the system somewhere, or the strange expenses incurred by governments to satisfy a current whims, and it goes on and on. This post could go on forever.
To the Australian people why don't you think about buying a nice little block of land and building a off grid house using a 12volt solar panels and deep cycle batteries for power for the home and a wood stove with a hot water system and wood heater to keep your home warm and grow your own vegetable garden and raise a few animals for food and this way you can save your money and leave it in the bank 100%
Rough estimates, Block of land big enough to grow vegetables : 500k Tiny home or shed house fitted out with bathrooms and kitchen: 180K Septic system 40K Off grid electricity system 40k Total 760K + lower standard of living and good luck getting a loan for this project unless you have a steady job.
@@Entopysbane Dear sir you would only need a 5 to 10 acres and biuld a nice little shack and make you buy 12volt solar panels and deep cycle batteries and you will need a inverter as well to 240 volt electric for your 240 appliances also buy a wood stove and a wood heater and get a couple of water tanks also you need a wood hot water system, buy a bush block if you can . Good luck 👍
Unless the 50% capital gain tax is removed, house prices will not decrease, interest rates do squat. Otherwise, only a depression will decrease Aussie house prices accross the board.
Interesting assessment! Do you think this applies to other asset classes like shares, or just property? There is also the other consideration about removing negative gearing to soften property prices...
Very good video, thanks A few video ideas that I would appreciate - Margin loans explained in a context of investing in ETFs - Leveraged ETFs - dividend vs growth investing - to hedge or not to hedge sp500 ETFs - safe withdrawal rate from ETFs (fire related) Cheers
3.5 million ausies hoping the government will intervene and allow a housing correction. to those ausies locked out of the housing market for good, vote for anyone but Labor and Liberals, they have had plenty of time to fix this and yet here we are.. true change will begin when they start losing votes.
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Interest rates need to keep going up imo. Cheaper loans leads to higher demand without addressing supply.
Not necessarily, absolute no evidence that rates are linked to house prices.. look at 2023, rates at record levels and prices at record prices
I’d rather see 30 year mortgages to stop the flux
Tanking the market via more rate hikes won’t instigate more building of houses. It will only curb supply further. There’s a balance
Labor must also drop the intake of immigrants to less than new houses growth
Great video mate. It will definitely be an interesting year ahead!
Thanks bud!
Great video Brad
Thanks, I'm glad you liked it!
Another great video Brad. 😊
Thanks Mike, happy new year mate!
Great analysis
Thanks mate 👍
You said it, "today we have more dual income families".
In the 50's, 60's and even 70's a one income family paid off their home in under a decade. All too often paid for property/home in cash. It did all go up a lot in the 70's, but still within a 1 income households max budget.
In the 1980's (Bob Hawk era-ish) it went up to 15 to 20 years or a decade for a 2 income family.
After that it was all greed and insane, with a 2 income family needing 2 decades to pay off a home, and today?
So, the standard of life today is better?
Guess the answer depends on what one looks at. How long it takes to achieve the Aussie dream or how quickly one can heat up a.meal!
No one seems to mention the increase in taxation over the years and the myriad of new taxes. Why? Or where all of this money from China from exports goes, it is in the system somewhere, or the strange expenses incurred by governments to satisfy a current whims, and it goes on and on. This post could go on forever.
@robertchaplin not enough storage space on the cloud to cover all the insanity and outright corruption.
Has anyone heard the old saying: there is nothing new under the sun?
Nothing new but different shades 😉
To the Australian people why don't you think about buying a nice little block of land and building a off grid house using a 12volt solar panels and deep cycle batteries for power for the home and a wood stove with a hot water system and wood heater to keep your home warm and grow your own vegetable garden and raise a few animals for food and this way you can save your money and leave it in the bank 100%
Rough estimates, Block of land big enough to grow vegetables : 500k
Tiny home or shed house fitted out with bathrooms and kitchen: 180K
Septic system 40K
Off grid electricity system 40k
Total 760K + lower standard of living and good luck getting a loan for this project unless you have a steady job.
@@Entopysbane Dear sir you would only need a 5 to 10 acres and biuld a nice little shack and make you buy 12volt solar panels and deep cycle batteries and you will need a inverter as well to 240 volt electric for your 240 appliances also buy a wood stove and a wood heater and get a couple of water tanks also you need a wood hot water system, buy a bush block if you can . Good luck 👍
Lolllll
Unless the 50% capital gain tax is removed, house prices will not decrease, interest rates do squat.
Otherwise, only a depression will decrease Aussie house prices accross the board.
Interesting assessment! Do you think this applies to other asset classes like shares, or just property? There is also the other consideration about removing negative gearing to soften property prices...
Economic investigator Frank G Melbourne Australia is following this very important and informative report cheers Frank ❤
Welcome Frank G 🤝
It’s a new year and I’m shore the property problem is left behind in 2023 😃👍😉 go 2024 positive please 😉
Love the positivity 🙌
What do you think - will property prices rise or fall in 2024?
Its tapped out, stagflation, shortages balanced against loan approvals.
Very good video, thanks
A few video ideas that I would appreciate
- Margin loans explained in a context of investing in ETFs
- Leveraged ETFs
- dividend vs growth investing
- to hedge or not to hedge sp500 ETFs
- safe withdrawal rate from ETFs (fire related)
Cheers
Thanks for the ideas, appreciated mate 👍
3.5 million ausies hoping the government will intervene and allow a housing correction. to those ausies locked out of the housing market for good, vote for anyone but Labor and Liberals, they have had plenty of time to fix this and yet here we are.. true change will begin when they start losing votes.