Great insights applied with real data. In your opinion do you think a 5ish percentage correction is most likely then what happens afterwards does the market then grow higher? Do you think prices are starting to slightly decline aligning to such a correction?
Don't bother with idiots like this and the over the top thumbnails. It's all clickbait, no-one can predict the future, not even someone as sure of himself as this bloke.
After 2 years of offers and hunting we just secured a property south end of GC. And over that period I watched the prices skyrocket by 12-15% in every suburb each year. I knew once rates cut it's going to go ballistic. So I was in somewhat of a panic. Not to mention the rental vacancy in that area is 1%! This is a property for our family to live in. So now we own one previously rentvested property close by, and finally a property for us to live in. Your content has been helpful over the years of searching to keep me confident and informed. Thank you mate.
I just watched a video that said there is zero demand from local Australians as birth rates are at 1.6. The immigration is whats causing demand both permanent and the huge amount of temp visas whoch take up 27% of rentals. Slow immigration and house prices will correct.
anyone with land and room to build a plumbed Granny flat is sitting pretty, very pretty Getting $350 a week for a one bedroom 50 sqM build is entry money.
This is great insight and is the problem we have atm with the country. Our population has a low birth rate, as such we need immigration to compensate for it. The second problem is the cost to build new housing and infrastructure is too expensive this means rent and property are going to keep going up. Negative gearing is probably the only reason we have a demand to build housing atm. Ravi what are your thoughts on unit and apartment there prices have been stagnant for the last couple of years but I'm looking as an investment for 1 passive income and two to have a facility with the bank. I'm able to leverage some pretty cool government support that the general public are not applicable for and would like your thoughts on it.
first to comment wow.. Hi Ravi, I live in melbourne and wanted to purchase my PPOR but confued as prices are still falling and sentiments seems very down. I am thinking to buy now but not sure if it will fall more. I have seen a property in suburb called - Ormond, a free standing house but it is a old house and needs renovation. do you think it is right time to go in and purchase in melbourne.
After much thoughts, my conclusion is, buying property is not the only option for investment. Start to think on other investment ways. Just buying S&P500 index and staying put for 5 years pretty much gives the same returns as investing in property..
Hi Ravi, Just wondering why you deleted my comment ? And the link to another video ? Could you do a counter response to the video link I posted please 🙏 ❤
If we haven’t bought home yet does it make sense to wait or still purchase a home in 2024-2025 . Thanks
Buy asap
Wait for what?
Australia will need to have a housing market correction . Government and property investors. Banks media will do anything to prevent this.
how can there be a "correction" when demand continues to outpace supply??
You say its crashing one week and its going to rise the next.
I’ve never said it’s crashing 😂 I said there might be a correction but not for at least 18-24 months
@grandiora
A correction is different to a crash bruz lol
Ravi hasn’t once said a crash is coming soon
Great insights applied with real data.
In your opinion do you think a 5ish percentage correction is most likely then what happens afterwards does the market then grow higher?
Do you think prices are starting to slightly decline aligning to such a correction?
Don't bother with idiots like this and the over the top thumbnails. It's all clickbait, no-one can predict the future, not even someone as sure of himself as this bloke.
After 2 years of offers and hunting we just secured a property south end of GC. And over that period I watched the prices skyrocket by 12-15% in every suburb each year. I knew once rates cut it's going to go ballistic. So I was in somewhat of a panic. Not to mention the rental vacancy in that area is 1%! This is a property for our family to live in. So now we own one previously rentvested property close by, and finally a property for us to live in.
Your content has been helpful over the years of searching to keep me confident and informed. Thank you mate.
I just watched a video that said there is zero demand from local Australians as birth rates are at 1.6. The immigration is whats causing demand both permanent and the huge amount of temp visas whoch take up 27% of rentals.
Slow immigration and house prices will correct.
Like the part where you said ‘ the currency is basically useless’. Haha
1997 is the starting point of massive house prices..You'll see on an online graph..
anyone with land and room to build a plumbed Granny flat is sitting pretty, very pretty
Getting $350 a week for a one bedroom 50 sqM build is entry money.
This is great insight and is the problem we have atm with the country. Our population has a low birth rate, as such we need immigration to compensate for it. The second problem is the cost to build new housing and infrastructure is too expensive this means rent and property are going to keep going up. Negative gearing is probably the only reason we have a demand to build housing atm. Ravi what are your thoughts on unit and apartment there prices have been stagnant for the last couple of years but I'm looking as an investment for 1 passive income and two to have a facility with the bank. I'm able to leverage some pretty cool government support that the general public are not applicable for and would like your thoughts on it.
first to comment wow..
Hi Ravi, I live in melbourne and wanted to purchase my PPOR but confued as prices are still falling and sentiments seems very down. I am thinking to buy now but not sure if it will fall more.
I have seen a property in suburb called - Ormond, a free standing house but it is a old house and needs renovation. do you think it is right time to go in and purchase in melbourne.
If u try to pick bottoms, all u get are smelly fingers😂😂
That's the best opportunity. I am getting heavy on Melbourne purchase for myself and my clients. Best time. When everyone zig, you zag
beeing following property for a long time it's just going to get more expensive if you don't buy now
Hey Ravi, thanks for the video.. look like you had a good feed before hand the recording aswell 💪🏾 get into it
Its reality bro! Good content!
Lithgow and whalan and bidwill and shalvey and emerton and penrith need immigrants to improve the place
Love your analysis and common sense Ravi! Thanks for your great content. 👍🙏
What you can buy today, you can't buy tomorrow.
After much thoughts, my conclusion is, buying property is not the only option for investment. Start to think on other investment ways. Just buying S&P500 index and staying put for 5 years pretty much gives the same returns as investing in property..
Is the government going to change negative gearing?
people voted against it in 2019, don't think they'd touch it
Labour just said they not touching it
Come to werribee and hoppercrossing very cheap
How about the 100m of taxpayers money he used to improve the road to his 4.5m house...
wow, amazing, a private road costing $100m just for him to drive to his house... too funny mate
I love these videos so much Ravi
It should but pas port printer goes brrrrrrrrr
Hi Ravi,
Just wondering why you deleted my comment ?
And the link to another video ?
Could you do a counter response to the video link I posted please 🙏 ❤
makes more sense than Matt Barrie,while I agree with 99% of his point,when he compared a 22m Sydney home to a 2nd hand cruise ship😂
The enviable collapse is on the horizon.
What the hell is an investment property
When you rent a place, someone owns it. generating cash from rent
You buy on equity and Pray to the Lord or the Aussie government that you double your purchase price every 7 years
I consider myself slapped… hard 😫
Dont buy, its gunna crash
Haha I’ve been hearing that for a long time😂
@@lee.j7077 I heard that more than a decade ago and didn't buy... whoops.