I would agree on the 1% interest rate discount for investors on one condition: only on new builds. Otherwise, you're just driving up the demand (prices) for established properties and pushing housing further away from first-home buyers.
47:05: very simple way to allow more development. Simply remove any grounds for restrictions. That's purely legislation. Make it at the state level, so councils aren't affected.
I think John nailed the question at 41:04 rite now it’s neither buyers or sellers, it’s markets with in markets, some areas are doing better than others but its over all still nuts, I think 2024 may slightly turn the tide overall and become more buyers
The Australian property market is completely out of whack we should have had a crash a very long time ago It appears that as artificially inflated and continuously going up heavily reliant upon first home owner grants
These people aren’t accidental millionaires from buying property years ago if they have voted the political parties benefiting them over the years. The tax incentives of investing in shares and property in Australia is unique to the world. There is a reason Australia are the most leveraged in the world and 4 of the 7 biggest companies on the ASX are banks.
Really enjoyed this podcast very informative about property as well as addressing some issues Australia is going through in regards to housing. Mark I'm a big fan of your insights in this matters if only current government can take some advice from you. Great work keep it coming. 👍 👏
The other problem with holding property for less than 10 years, is that the first 10 years of the loan are predominately inteterest and you don’t pay off much of the principal.
any business have a risk , real estate are unpredict , not one know what is gone happed tomorrow because is not only what happend in australia is also what happend in the world. But if you see some one buy a property in 1 million in the next 30 years will be same property 3 to 4 million or much more , you can see history , the same property that buy 1 million was 30 year ago $200 or $300k why is that because population grow if population grow where are gone live ? I been in property about 12 years ago . everyone will have the chance to buy some time on they live and if you miss it , you will because time say that is going up and up and up will harder to get it. This is true when say , buy where you can afford and rent where you can live. is all depend of the bank if lend you or help You , with the money because are not other way to buy , not one of you family or friend will lend you money to buy a house or unit. Of course the bank have to made money to , nothing is for free in this world.
There's plenty of good insights, but I'm wondering how much more property prices can be pushed? Oddly enough, what I'm seeing these days, is Real Estate agents are selling the house, but Buyers Agents are selling the market! They have become the biggest spruikers since covid.
You want to buy a house all of us do first dont live the high life save as much has you can,go old school use cash not your phone or card so that when you apply for a loan they don’t have any data about your spending,use your car payment to establish a credit rating.last get financial intelligence in the real estate market.Hope you get on the ladder
@@totallyraw1313 tradesman e.g (bricklayer, floor coverer, labourers) abattoir workers, correctional officers, cleaner and more if your willing to put the work in it's just people are lazy and want it easy, I've done 3 of those jobs with no qualifications
The discussion is very unsophisticated. They don't have the language or conceptual skills. And someone may not be able to buy 3 X 1 million dollar houses but they may be able to accumulate 8 houses to the value of 3m. These guys seemed to ignore the fundamentals of finance and serviceability
HI There...Can I ask why not start your property ladder in Vietnam or Thailand etc etc...Why are all discussions on buying property in Australia when Asians buy property in Australia because it's Cheap for them...?
Mark, your days are over mate. Stop trying to be relevant. You company ran a bigger loss this year than the previous. Go try fix that before telling everyone else what to do
!["ซี - เอมี่ " ย้อนความรัก 19 ปี ที่ต้องทนกันและกัน... | แฉ 22 ต.ค. 67 [2/3] | GMM25](http://i.ytimg.com/vi/ykv9ILzatHM/mqdefault.jpg)
Thanks so much for having me on the show Mark and Yellow Brick Road - was great to chat property in such a real and open environment. Chat again soon.
I would agree on the 1% interest rate discount for investors on one condition: only on new builds. Otherwise, you're just driving up the demand (prices) for established properties and pushing housing further away from first-home buyers.
47:05: very simple way to allow more development. Simply remove any grounds for restrictions. That's purely legislation. Make it at the state level, so councils aren't affected.
I think John nailed the question at 41:04 rite now it’s neither buyers or sellers, it’s markets with in markets, some areas are doing better than others but its over all still nuts, I think 2024 may slightly turn the tide overall and become more buyers
The Australian property market is completely out of whack we should have had a crash a very long time ago It appears that as artificially inflated and continuously going up heavily reliant upon first home owner grants
So good John Pidgeon 💪 awesome interview! Like your NRL debut hit the big time after working hard and consistently for many years👌 great work mate
Cheers Jay - thanks for the support!
These people aren’t accidental millionaires from buying property years ago if they have voted the political parties benefiting them over the years. The tax incentives of investing in shares and property in Australia is unique to the world. There is a reason Australia are the most leveraged in the world and 4 of the 7 biggest companies on the ASX are banks.
Really enjoyed this podcast very informative about property as well as addressing some issues Australia is going through in regards to housing. Mark I'm a big fan of your insights in this matters if only current government can take some advice from you. Great work keep it coming. 👍 👏
Glad to hear it and thank you for watching!
The other problem with holding property for less than 10 years, is that the first 10 years of the loan are predominately inteterest and you don’t pay off much of the principal.
With the average mortgage now being $4500 compared to rent only being between $1,600 to $2,000 why the hell would anybody buy
Capital Gains expectations of course.
Hey Mark, are you on TRT?
any business have a risk , real estate are unpredict , not one know what is gone happed tomorrow because is not only what happend in australia is also what happend in the world. But if you see some one buy a property in 1 million in the next 30 years will be same property 3 to 4 million or much more , you can see history , the same property that buy 1 million was 30 year ago $200 or $300k why is that because population grow if population grow where are gone live ? I been in property about 12 years ago . everyone will have the chance to buy some time on they live and if you miss it , you will because time say that is going up and up and up will harder to get it. This is true when say , buy where you can afford and rent where you can live. is all depend of the bank if lend you or help You , with the money because are not other way to buy , not one of you family or friend will lend you money to buy a house or unit. Of course the bank have to made money to , nothing is for free in this world.
Social media has warped some ppls sense of reality. An avg First home buyer who wants the $2m home in the nice suburb.
There's plenty of good insights, but I'm wondering how much more property prices can be pushed?
Oddly enough, what I'm seeing these days, is Real Estate agents are selling the house, but Buyers Agents are selling the market!
They have become the biggest spruikers since covid.
You want to buy a house all of us do first dont live the high life save as much has you can,go old school use cash not your phone or card so that when you apply for a loan they don’t have any data about your spending,use your car payment to establish a credit rating.last get financial intelligence in the real estate market.Hope you get on the ladder
How many people in their 20s would be on as much as 80 or 90 grand a year??
Most tradesmen around 25 years old would be making between $90K and $110K
There's plenty of jobs you can earn that with no qualifications
@@shanesummers1458 Like what jobs?
@@totallyraw1313 tradesman e.g (bricklayer, floor coverer, labourers) abattoir workers, correctional officers, cleaner and more if your willing to put the work in it's just people are lazy and want it easy, I've done 3 of those jobs with no qualifications
The discussion is very unsophisticated. They don't have the language or conceptual skills.
And someone may not be able to buy 3 X 1 million dollar houses but they may be able to accumulate 8 houses to the value of 3m. These guys seemed to ignore the fundamentals of finance and serviceability
HI There...Can I ask why not start your property ladder in Vietnam or Thailand etc etc...Why are all discussions on buying property in Australia when Asians buy property in Australia because it's Cheap for them...?
Immigration is good in moderation but the amount post covid is absolutely out of hand.
Lower interest rates for landlords and workers fighting for a job, how elitist and anti-Australian!
Without immigrants we wouldn't have great coffee and food...we'd just be eating what the brits had. Give me a banhmi over dampa any day!
Mark, your days are over mate. Stop trying to be relevant. You company ran a bigger loss this year than the previous. Go try fix that before telling everyone else what to do