You are not alone , i regularly see 7 guys who live in their cars or vans here in nw tas on my daily 2 km dog walk, 2 years ago i would see 1 or 2 at most.
You can thank inflation for that. It all comes down to interest rates. When cash flow is higher, people renovate/add value bc the cash is available. If not, then here we are. I am an interior designer btw. Market has picked up massively in the last 6 months bc investors and those with assets are buying and adding valuing /renovating knowing interest rates will be cut…it’s inevitable. Btw I’m in commercial fit out and client do renovate and build etc. when the market is low, bc they negotiate good costs with contractors/trades etc.
@@tweetybird2013 Several states revoked permits for logging for the great net zero god. Though they are trying to find ways around the optics like giving away logging rights for free to overseas corporations... cause that's a great idea.
This is what happened in New Zealand in the space of 10 years from mass immigration the population of New Zealand went from 4 million to 5 million people and now the average wage cant even afford to buy a home thanks to mass immigration and the level of homelessness has become something like America
High immigration help the big realstate investers to multiply their money 3 folds in no time .Banks make billions every quarter on loans .Politicians will get kick backs from these businesses and many of them are also part of these businesses .No one cares about the over stretched services ,crowded roads and long waiting and ramping at hospital emergency departments. Working class middle class is spending most part of their income to repay the massive mortgages or high rents.Its pathetic here ..greed is at its peak
Housing Crisis fixed in 24 Hours 1) half immigration asap 2) Non residents charged a 200% tax on purchase price 3) Non residents who own an Australian property and not rented it in last 12 months. 200% tax on purchase problem problem solved
At most foreign investment in all forms of housing is only two percent. They pay the highest taxes whilst keeping the rental market afloat. If you had the power and actually put that into law those investors would sell to first homeowners thus decreasing not only taxes for the country but now even less rental supply. In that respect all I can say is what are you on and can I have some please?!
Only party saying immigration should be severely curtailed! Libs, Labour, Greens, Teals all shills for unchecked immigration to help Harvey Norman sell TV’s and property developers flog more land miles from the city centre!
Housing prices going up is a sign that there is a lack of opportunities in the economy. If you could start a business and make 15% yoy on your capital, you wouldn’t sink it in bricks and glass. Houses are fundamentally a depreciating asset. The second the mismatch between supply and demand resolves itself, buyers will disappear. If unemployment ticks up sufficiently, the governments hand will be forced and immigration will be limited, foreign born Australians will also start to leave. When this will happen , nobody knows but that will be the turning point
And claire o neill said: Clare O’Neil: We want to bring housen price growth into something sustainable. So we are not trying to bring down house prices. But we don’t want to see some of the growth that we’ve seen in some parts of the country, where you are getting double-digit increases in house prices year-on-year. Interviewer: Why don’t you want to see house prices drop? Because if you’re a young person looking at what’s ahead of you, you definitely want to see house prices come down. Clare O’Neil: Well, that may be the view of young people. That’s not the view of our government. We want to see sustainable price growth…
it's not just supply and demand though Ravi, it's speculative. the current prices factor in future gains, you even talk about how gains offset the interest. if the psychology shifts to expect stable prices, the investor sell-off will begin. when prices genuinely drop, the psychology reinforces. it doesn't take a dramatic event, just the gradual realisation that house prices are ultimately tethered to reality.
Over Migration helps investors. Pushed house prices bye 50% over the priced .last 10 years. It's not a crisis it's a emergency. The prime minister can injoy he's 4.5millon Villa
It is only relevant if you want to know how many locally born are feeling they were squeezed out of their birthplace. The actual numbers show net growth in population. BUT you can see the number of departures easily enough, just google it.
Yes but who can afford to buy there? There are no good jobs in these areas, It's all about affordability. Consider that government is now forcing Australians to return to office work. Good luck with your 5 hour car drive to work 5 days a week.
Immigrants always buy in new or affordable old areas not everyone work in cbd Lots of new factories offices businesses always around these cheap affordable areas for example campalfield full of big industries,Cragiburn and all new affordable suburbs where you can buy. 600k houses are only few minutes away Immigrants never able to buy inner city suburbs never that’s how it works your data is wrong
There should be limited property investors. Housing is a human need not a speculative investment for people to create wealth. The government need to tax gas and mining and create a sovereign wealth fund and loan out low interest loans too first homebuyers. After that, let the free market take care of itself. Limit immigration as well.
@Awakedave never said I agreed. Just want to here his POV. Also why would you limit immigration. So much of immigration are students and most of the rest are recruiting people that fill our need for jobs and drive the economy. More houses should be getting built by the government like they were decades ago, not decreasing migration
A lot of the policy makers are also investors (although many of them deny this and hide their investments very carefully). Basic human nature is to protect yourself, so they don’t want to lose on their investments. It will take a lot of selfless politicians that genuinely care for the commoners for real drastic changes to happen. This is how I view it.
Why is no one talking about the main underlying problem? Australians, and the rest of the world have stopped having babies. Capitalism requires continued growth - that means more people to keep paying more tax to keep the system running. The government have no choice but to keep immigration high to maintain population growth. Everything collapses with population collapse. It's obviously coming.
The cause and effect is the other way around. Women particularly want to nest especially when wanting to have babies and with a real estate market designed to never correct from the pricing driven by speculation, keeps the average young couple from being able to buy a home to start a family in. Most women do not want to start a family while renting. The opposite is true for new arrivals though. When they arrive into Australia it is already a dream come true, and in that mindset they are ready to start a family immediately, hence the birthrate gap between migrants and locally born Australian. The reality is that no government will intentionally stop the price growth until the majority of voters are no longer property owners (that is fast approaching). Once young couples can afford a home again the birthrate will correct itself because putting aside society trends, most women have a biological drive to be mothers, most, not all. The finance industry and as a flow on the property industry is the origin of the breakdown of western society. I am not a leftie or a conservative, in fact I am technically an economist, but I can see from watching this globally for decades, that our own greed is the undoing of western culture, whereas the equally greedy Eastern Hemisphere have done a better job of retaining families.
Being saying that for years, Lithgow still has two bedroom houses for under $500k and here in the Blue Mountains homes for the past three years has had a negative gain of eight percent which makes me wonder about the so called scarcity as well as prices blown up by all forms of media.
The great Australian dream has turned into a nightmare.
Could! Mate…..it’s already ruined! I’m sleeping in my van!!!!
You are not alone , i regularly see 7 guys who live in their cars or vans here in nw tas on my daily 2 km dog walk, 2 years ago i would see 1 or 2 at most.
Building cost are so high now. Builders are going bust left right and centre. This a good reason for people not building as well
You can thank inflation for that. It all comes down to interest rates. When cash flow is higher, people renovate/add value bc the cash is available. If not, then here we are. I am an interior designer btw.
Market has picked up massively in the last 6 months bc investors and those with assets are buying and adding valuing /renovating knowing interest rates will be cut…it’s inevitable. Btw I’m in commercial fit out and client do renovate and build etc. when the market is low, bc they negotiate good costs with contractors/trades etc.
Its going to get worse, due to timber prices in this country going up because NSW government has stopped all logging in State forests.
@@tweetybird2013 a lot of homes these days are not made of timber. Bricks, steel studs, gyprock. This isn’t an issue
@@tweetybird2013 Several states revoked permits for logging for the great net zero god. Though they are trying to find ways around the optics like giving away logging rights for free to overseas corporations... cause that's a great idea.
This is what happened in New Zealand in the space of 10 years from mass immigration the population of New Zealand went from 4 million to 5 million people and now the average wage cant even afford to buy a home thanks to mass immigration and the level of homelessness has become something like America
$1.7 million luxury apartment that is 3 bedroom 2 bathroom 2 car park spaces. A joke really.
High immigration help the big realstate investers to multiply their money 3 folds in no time .Banks make billions every quarter on loans .Politicians will get kick backs from these businesses and many of them are also part of these businesses .No one cares about the over stretched services ,crowded roads and long waiting and ramping at hospital emergency departments. Working class middle class is spending most part of their income to repay the massive mortgages or high rents.Its pathetic here ..greed is at its peak
Peak stupidity.
Housing Crisis fixed in 24 Hours
1) half immigration asap
2) Non residents charged a 200% tax on purchase price
3) Non residents who own an Australian property and not rented it in last 12 months. 200% tax on purchase problem
problem solved
At most foreign investment in all forms of housing is only two percent.
They pay the highest taxes whilst keeping the rental market afloat.
If you had the power and actually put that into law those investors would sell to first homeowners thus decreasing not only taxes for the country but now even less rental supply.
In that respect all I can say is what are you on and can I have some please?!
How about re zoning some house blocks to apartments and increase imagination of building related trades
More immigrants should fix it
I own 4 houses.
Making $240K PA on rent.
Finished school in year 10.
Just be smart and buy 20 years ago.
Vote One Nation 😂
They are mad!
I’m voting one nation
Only party saying immigration should be severely curtailed! Libs, Labour, Greens, Teals all shills for unchecked immigration to help Harvey Norman sell TV’s and property developers flog more land miles from the city centre!
A vote for one nation is a vote for Gina?
Housing prices going up is a sign that there is a lack of opportunities in the economy. If you could start a business and make 15% yoy on your capital, you wouldn’t sink it in bricks and glass. Houses are fundamentally a depreciating asset. The second the mismatch between supply and demand resolves itself, buyers will disappear.
If unemployment ticks up sufficiently, the governments hand will be forced and immigration will be limited, foreign born Australians will also start to leave. When this will happen , nobody knows but that will be the turning point
And claire o neill said:
Clare O’Neil:
We want to bring housen price growth into something sustainable. So we are not trying to bring down house prices.
But we don’t want to see some of the growth that we’ve seen in some parts of the country, where you are getting double-digit increases in house prices year-on-year.
Interviewer:
Why don’t you want to see house prices drop? Because if you’re a young person looking at what’s ahead of you, you definitely want to see house prices come down.
Clare O’Neil:
Well, that may be the view of young people. That’s not the view of our government. We want to see sustainable price growth…
it's not just supply and demand though Ravi, it's speculative. the current prices factor in future gains, you even talk about how gains offset the interest. if the psychology shifts to expect stable prices, the investor sell-off will begin. when prices genuinely drop, the psychology reinforces. it doesn't take a dramatic event, just the gradual realisation that house prices are ultimately tethered to reality.
Over Migration helps investors. Pushed house prices bye 50% over the priced .last 10 years. It's not a crisis it's a emergency. The prime minister can injoy he's 4.5millon Villa
I never thought” it’s not house going up it’s the value of the dollar going down”
That changes the way I look at real estate
Just subscribed 😊
I wish the government would shut the gates… we have enough here to house now.
We are Zimbabwe
Can you show the stats on how many people are leaving Australia
It doesn't matter how many leaving. Labor/Liberal WEF parties will keep flooding Australia with millions and soon tens of millions per year.
See my comment above
Population is booming so it can't be that high
It is only relevant if you want to know how many locally born are feeling they were squeezed out of their birthplace. The actual numbers show net growth in population. BUT you can see the number of departures easily enough, just google it.
Two here! Me and my wife are leaving this cooked country in July! Just working up to EOFY
The price of a basic old 3 bedroom 1 bathroom house in bad suburbs of Townsville have literally doubled in the last 2 years
You should have bought one 2 years ago
buying property for negative gearing purposes > not renting out > reduced number of rentals available... smart Gov
Your data wrong middle class suburbs you can buy a 4 bed house for 650k lots of middle class immigrants suburbs lots of properties available
Not in an area that most people want to live in.
Yes but who can afford to buy there? There are no good jobs in these areas, It's all about affordability. Consider that government is now forcing Australians to return to office work. Good luck with your 5 hour car drive to work 5 days a week.
Immigrants always buy in new or affordable old areas not everyone work in cbd
Lots of new factories offices businesses always around these cheap affordable areas for example campalfield full of big industries,Cragiburn and all new affordable suburbs where you can buy. 600k houses are only few minutes away
Immigrants never able to buy inner city suburbs never that’s how it works your data is wrong
@@TIPUSULTANLYLLPURIA lol, 650k is not middle class, it's entry level mate. Middle class is 1-1.5 million.
Thanks Ravi. I am a subscriber.
I'd love a video debunking people's claims if there were no property investors it would help housing affordability
There should be limited property investors.
Housing is a human need not a speculative investment for people to create wealth.
The government need to tax gas and mining and create a sovereign wealth fund and loan out low interest loans too first homebuyers. After that, let the free market take care of itself. Limit immigration as well.
@Awakedave never said I agreed. Just want to here his POV. Also why would you limit immigration. So much of immigration are students and most of the rest are recruiting people that fill our need for jobs and drive the economy. More houses should be getting built by the government like they were decades ago, not decreasing migration
The Adaxum presale is gaining momentum fast-early adopters, don’t miss this chance!
Bro is a genius at marketing
A lot of the policy makers are also investors (although many of them deny this and hide their investments very carefully). Basic human nature is to protect yourself, so they don’t want to lose on their investments. It will take a lot of selfless politicians that genuinely care for the commoners for real drastic changes to happen. This is how I view it.
All politicians are rich, they are not and will never be able to relate to those that they govern...
Great advice
another great video Ravi
Why is no one talking about the main underlying problem? Australians, and the rest of the world have stopped having babies. Capitalism requires continued growth - that means more people to keep paying more tax to keep the system running. The government have no choice but to keep immigration high to maintain population growth. Everything collapses with population collapse. It's obviously coming.
The cause and effect is the other way around. Women particularly want to nest especially when wanting to have babies and with a real estate market designed to never correct from the pricing driven by speculation, keeps the average young couple from being able to buy a home to start a family in. Most women do not want to start a family while renting. The opposite is true for new arrivals though. When they arrive into Australia it is already a dream come true, and in that mindset they are ready to start a family immediately, hence the birthrate gap between migrants and locally born Australian. The reality is that no government will intentionally stop the price growth until the majority of voters are no longer property owners (that is fast approaching). Once young couples can afford a home again the birthrate will correct itself because putting aside society trends, most women have a biological drive to be mothers, most, not all. The finance industry and as a flow on the property industry is the origin of the breakdown of western society. I am not a leftie or a conservative, in fact I am technically an economist, but I can see from watching this globally for decades, that our own greed is the undoing of western culture, whereas the equally greedy Eastern Hemisphere have done a better job of retaining families.
They can't afford kids mate.
Got my position locked in during the Adaxum presale. This project is a no-brainer!
Prices will double again in next 7 years. Imagine sh*t houses in Elizabeth Downs, SA, Logan, QLD and Balga, WA for $2 million. That time is coming.
2 million in AUD is like 1 million 10 years ago. AUD will continue devaluing as Australian economy is being flushed down the toilet it seems
Great video mate
This presale is moving fast. Adaxum is attracting all the right attention.
Excited for Adaxum’s next steps.
Hey all, Adaxum presale still open-early opportunities like this don’t last.
Feeling bullish on Adaxum after joining the presale. This project has everything it needs to succeed.
Do top 10 suburbs to invest in Aus right now video?
Adaxum could dominate the E-commerce-DeFi space soon.
The potential for Adaxum in the E-commerce space is massive. Glad I got in during the presale!
Adaxum is attracting big players for a reason. Glad I joined the presale before it’s too late.
If you’re not paying attention to Adaxum, you’re missing out. Secured my tokens before the next phase!
Adaxum’s innovative approach to E-commerce integration is a game-changer. Joined the presale today!
Adaxum’s focus on real-world applications makes it a standout project. Joined the presale today!
I thought there was no class system until I seen your video.
Adaxum presale is worth exploring. Love ADX
ADX has massive potential to 50x. Secured my tokens during the presale!
Adaxum’s ecosystem is one of the most impressive I’ve seen. Locked in my position today.
Happy to have some ADX.
ADX: early move, big rewards.
I have one property with search property and about to go for a second
I thought there was as no class system until I seen your video.
Adaxum’s integration of E-commerce and DeFi is the perfect formula for long-term success.
So many bots
ADX Adaxum to the moon soon.
With Adaxum’s ambitious goals, this is a project worth watching.
Like Japan's million dollar house market did. That's how it would collapse.
Subscribed!
Got my ADX tokens early, feeling confident about the potential returns.
Adaxum’s presale bonuses made it an easy decision for me. Locked in my position early!
Adaxum’s presale is a golden opportunity. Grabbed my ADX tokens just in time!
Projects like Adaxum are rare. Locked in my position today, and I’m feeling great about it.
Lithgow and whalan and bidwill and emerton and shalvey and penrith need immigrants to improve the place
Being saying that for years, Lithgow still has two bedroom houses for under $500k and here in the Blue Mountains homes for the past three years has had a negative gain of eight percent which makes me wonder about the so called scarcity as well as prices blown up by all forms of media.
With Adaxum’s ambitious goals, this project has the potential to dominate in 2025. Glad I got in early.
You should be teaching people how to buy property cash with your own money and stay away from debits loans it’s trap take your sleep away
I'm out! Woo hoo!
Yapper 😂😂😂😂😂
No meaningful sense just yapping
then you must be doing something wrong
Adaxum delivers value, not just hype.
Already participated in the Adaxum presale, and I’m feeling pretty good about the future of ADX. Time to get in while the price is still low!
Hi everyone, Adaxum’s roadmap looks solid. It’s worth taking a look.
ADX is a hidden gem right now, but it won’t be for long. Locked in my position early in the presale!
The Adaxum presale is flying under the radar, but I’m not missing out.
Got into the Adaxum presale after reading their whitepaper. The future looks promising!
Whales are accumulating ADX, and I’m glad I joined the presale before the big wave.
The ADX presale is gaining traction fast-secured my tokens before it’s too late.
Adaxum presale almost sold out.
The Adaxum presale has been smooth and straightforward. Grabbed my ADX tokens with no hassle!
Adaxum unlocks E-commerce potential.
Adaxum has strong fundamentals.
ADX is a smart move.
Just locked in my ADX tokens during the presale-excited to see how Adaxum evolves.
Adaxum: Early entry, big rewards.
Adaxum presale is gaining momentum.
Adaxum is worth the hype.
ADX tokenomics look super promising!
ADX presale offers solid bonuses. Don’t sleep on this opportunity!
E-commerce and ADX go together.
welcome to Indalia
The future of DeFi and E-commerce is here, and it’s called Adaxum. Secured my position during the presale.
ADX is selling out fast.
Could🤣wot Fkn show u been watching. “Could” yea good one
Hey all, Adaxum is a project that’s flying under the radar now, but it won’t stay there for long. Locked in my tokens early!
ADX tokens are flying under the radar for now, but that won’t last long. Secured my tokens today!
Adaxum presale is a no-brainer.
Glad I got ADX early.
Feeling confident about my early investment in Adaxum. This project has massive potential!
Got my ADX tokens during the presale. Adaxum’s unique vision is what sold me.
Adaxum tokens are flying fast!