Economy goes down - property up; economy goes up - property goes up 😅 So Australian firmly believes their property price will rise forever. Good luck. 😊
It is deeper than that. In normal economic times property prices would have fallen already. The reason why it hasn’t so far is that a) supply is very low since building has become too expensive and risky b) the trust in government and currencies around the globe is falling significantly, so more people feel safer in tangible assets
I don't need statistics to tell me my standard of living is dropping. The big question is will unemployment rise to a significant extent. If it does then cuts in interest rates won't be enough to stimulate housing demand. It's a pity governments are now lapdogs to corporate demands for increase immigration. Last thing we need right now is more pressure on renters. Politics in this country is in a sorry state.
Again, thin guy appears to be all about pumping up house prices. He must own a few. We are in a recession, the ONLY reason house prices are not going down is because we have massive migration and have the most wealthy migrants in the world. They come in with enough money to buy houses outright. And in this low house availability state, that's all is needed to keep house prices sky high. The fact is house prices are in a bubble, and if you think the gov is going to keep allowing rich immigrants in, it will stay high, but we will also have nurses, school teachers, etc living in cars outside your house. Something has to give and you making a bet of buying a house right now as it will pop sooner or later.
Finally, some logic! This Ponzi system is going to have side effects that will last for decades! You can see it already. Hospitals, Schools & Infrastructure imploding too 3rd world standard. Eventually the Cashed-up Migrants will work out they can buy cheaper property and live in 3rd world countries that have better facilities. Australia was once a great 1st world Country that looked after its people. Greed & Corruption have destroyed this beautiful place & young good honest Australians are paying for it instead of getting a fair go like previous generations. The old saying you can't have your Cake and eat it is a perfect example of Cashed up Boomers complaining that they can't get into a GP, or their Pizza was cold when it arrived at their house that's worth 1.9 million. I also forgot to mention the crime rate that is going to spiral out of control, the police system will be like somebody using a watering can to put out a bushfire. Government has screwed up big time and they know it but will kick the can so far down the road because the wound is beyond healing, like an alcoholic that keeps drinking even though deep down they know its screwing their life, relationships & health. It's called facing the music and the Government don't want to know about it. If you plan on staying in Australia, you better be ready for shitter times than this! If you've got some Cash or Capital that can be liquified my advice would be to get out and head too Southeast Asia and wait this out for the next 20 years, you can live off nothing over there if your smart enough & stay away from other foreigners.
Hi , i have a question not related to this video you posted..somewhere i learnt that you can use the home loan paid for the residential property , reinvest that money in to etf or any investment firms and use the interest for tax purposes
Banks may have a much more conservative concept of capacity to pay to qualify for finance then in the past. But as this point a great depression wouldnt deter property speculators. Time to invest in Bunk beds as every rental becomes a share house
Your head is in the clouds. I’m bookmarking this video for a good laugh. A recession means job losses and a lot of mortgages unable to be paid. House prices to collapse
"The fact is interest rates will be cut next year". That's not a fact. That's an opinion. Opinion of the same people who got terribly wrong about the rate rises so far. Also, it's smart that you didn't talk about rising unemployment that goes with a recession.
When you made this video America and Australia had already reversed their stance and admitted inflation is soaring back we could literally see it coming back with power bills and fuel. Rate hike November after q3 inflation data
Bro, you are just copying content from Ravi Sharma and myself. I’ve had like 20 people DM me about various videos where you’re just copying insights, thumbnails concepts, titles etc etc
Hold on a sec...these migrants arriving can only buy new housing off the plan, not existing housing. If we are not building enough new housing for them then they will continue to rent which will drive up demand for rental property. Also, who is going to hire all these migrants?? Does Australia even have enough jobs for them? We have more kids coming to their working age looking for work as well (teenagers). I have 2 teenage kids and they have been looking for work for 10mths and nothing.
Deflation is bad for the Government,Inflation in the economy keeps the Government Solvent,with everything going up,increases tax revenue.Deflation is good for the economy because it gets rid off bad businesses,and creates new ones which are better.....there have been too many zombie companies which exist,but dead wood in the economy.....for the average Joe,deflation is good.....for the Government and the Rich ,deflation is bad as taxes and assets go down....
Deflation is the contraction of the money supply. Since our monetary system is debt based. It requires debt to grow in perpetuity to sustain our lifestyle. Less consumer confidence equals less debt and less spending therefore economy contracts.
Been in a recession for a looooong time already, In old metrics we are all but in a depression
Economy goes down - property up; economy goes up - property goes up 😅 So Australian firmly believes their property price will rise forever. Good luck. 😊
property doesn't follow economy, its all about supply and demand, and there is little supply
You spoke my mind. He doesn't understand economy and one thing he know is property goes up up up.. ha ha ha 🙂
It is deeper than that. In normal economic times property prices would have fallen already. The reason why it hasn’t so far is that a) supply is very low since building has become too expensive and risky b) the trust in government and currencies around the globe is falling significantly, so more people feel safer in tangible assets
I don't need statistics to tell me my standard of living is dropping. The big question is will unemployment rise to a significant extent. If it does then cuts in interest rates won't be enough to stimulate housing demand. It's a pity governments are now lapdogs to corporate demands for increase immigration. Last thing we need right now is more pressure on renters. Politics in this country is in a sorry state.
Again, thin guy appears to be all about pumping up house prices. He must own a few.
We are in a recession, the ONLY reason house prices are not going down is because we have massive migration and have the most wealthy migrants in the world. They come in with enough money to buy houses outright. And in this low house availability state, that's all is needed to keep house prices sky high. The fact is house prices are in a bubble, and if you think the gov is going to keep allowing rich immigrants in, it will stay high, but we will also have nurses, school teachers, etc living in cars outside your house. Something has to give and you making a bet of buying a house right now as it will pop sooner or later.
100 per cent.
Finally, some logic! This Ponzi system is going to have side effects that will last for decades! You can see it already. Hospitals, Schools & Infrastructure imploding too 3rd world standard. Eventually the Cashed-up Migrants will work out they can buy cheaper property and live in 3rd world countries that have better facilities. Australia was once a great 1st world Country that looked after its people. Greed & Corruption have destroyed this beautiful place & young good honest Australians are paying for it instead of getting a fair go like previous generations. The old saying you can't have your Cake and eat it is a perfect example of Cashed up Boomers complaining that they can't get into a GP, or their Pizza was cold when it arrived at their house that's worth 1.9 million. I also forgot to mention the crime rate that is going to spiral out of control, the police system will be like somebody using a watering can to put out a bushfire. Government has screwed up big time and they know it but will kick the can so far down the road because the wound is beyond healing, like an alcoholic that keeps drinking even though deep down they know its screwing their life, relationships & health. It's called facing the music and the Government don't want to know about it. If you plan on staying in Australia, you better be ready for shitter times than this! If you've got some Cash or Capital that can be liquified my advice would be to get out and head too Southeast Asia and wait this out for the next 20 years, you can live off nothing over there if your smart enough & stay away from other foreigners.
Haff is about as effective as bailing out a Super tanker with a teaspoon,
Hi , i have a question not related to this video you posted..somewhere i learnt that you can use the home loan paid for the residential property , reinvest that money in to etf or any investment firms and use the interest for tax purposes
Banks may have a much more conservative concept of capacity to pay to qualify for finance then in the past. But as this point a great depression wouldnt deter property speculators. Time to invest in Bunk beds as every rental becomes a share house
Your head is in the clouds. I’m bookmarking this video for a good laugh. A recession means job losses and a lot of mortgages unable to be paid. House prices to collapse
very interesting
"The fact is interest rates will be cut next year".
That's not a fact. That's an opinion. Opinion of the same people who got terribly wrong about the rate rises so far.
Also, it's smart that you didn't talk about rising unemployment that goes with a recession.
Something does not add up. Werner talks about interest rates follows growth. Anyone with a backyard should build a granny flat--$$
When you made this video America and Australia had already reversed their stance and admitted inflation is soaring back we could literally see it coming back with power bills and fuel. Rate hike November after q3 inflation data
Nope....there needs to be a big reset...interest rates need to keep going up
Buy now? Lol when global recession is nigh. Yeah right housing affordability not considered
Hopefully a black swan event will cause property prices to fall.
Let me guess…, you own no property yourself.
Good luck waiting for that to happen champ.
Interest rates to 15% should bite hard, Welcome Blackrock and Vanguard your new overlords
You will be waiting a while. 18.6 year property cycle in full swing
Bro, you are just copying content from Ravi Sharma and myself. I’ve had like 20 people DM me about various videos where you’re just copying insights, thumbnails concepts, titles etc etc
you know your economy is in the toilet when 4% is too high.....
Hold on a sec...these migrants arriving can only buy new housing off the plan, not existing housing. If we are not building enough new housing for them then they will continue to rent which will drive up demand for rental property. Also, who is going to hire all these migrants?? Does Australia even have enough jobs for them? We have more kids coming to their working age looking for work as well (teenagers). I have 2 teenage kids and they have been looking for work for 10mths and nothing.
Excuse the ignorant question, but why is deflation bad for economy
Deflation is bad for the Government,Inflation in the economy keeps the Government Solvent,with everything going up,increases tax revenue.Deflation is good for the economy because it gets rid off bad businesses,and creates new ones which are better.....there have been too many zombie companies which exist,but dead wood in the economy.....for the average Joe,deflation is good.....for the Government and the Rich ,deflation is bad as taxes and assets go down....
Because that only happens if people can't pay their bills feed themselves or pay taxes ,
Deflation is very dangerous because people won’t spend
Deflation is the contraction of the money supply. Since our monetary system is debt based. It requires debt to grow in perpetuity to sustain our lifestyle. Less consumer confidence equals less debt and less spending therefore economy contracts.
@@funkyguy99Yes debt backed by faith alone 😂😂😂😂😂😂
Good. This insane economy needs the brakes applied forcefully. It's going to hurt, but this nonsense cannot continue.
Perc capital recession will mean nothing