These people must be living on a different planet. I’m a mum and dad investor. I’ve been investing in property since 1989. My land tax which didn’t exist has gone $1200 to $3600 post pandemic, gave to say I live in Vic. This tax is on mostly apartments, where the land value is 50,000 to $80,000. Further more I will never educate my son to buy property in Australia because it is one of the biggest Scams ever created by the Gov, banks and developers. Most of us a constantly working to service investments that we will never pay off. We are mice trapped in a wheel that continually runs to make others rich.While we hold investment to make others richer. How are our children going to afford $3m homes at this rate. All I see is a devaluation of our dollar. Good luck to luck Australians, where a house in Reservior is $1m and a home in Frankston $980k
Good comment. AUD has been devalued nearly by half since 2013 which negates gains 45% gains on property not mentioning all the interest paid too. And given the quality of polititians we elect AUD path is only down, a long way down to go before hyperinflation begins and we join Argentina, Venezuela and the like.
@@mariapaola1783 my brother relocated canada 2 years ago. Next summer they buy soon a house in a 200-600k range. Wide variety options. Its like you can buy ,tacoma, thundra, silverado etc. not small utes like hilux ahaha
Maybe you shouldnt have hog houses depriving others of a home to live in while driving up prices? cry me a river. You made your money if you didnt, you would have sold your property.
As a licensed registered builder, my profit margin on a building project is around 15% on what I build for the propose of selling. It means that I need to invest, risk and use $1.5m in cash to make a gross profit of $225,000 inclusive of GST. I don’t think that’s honestly worth doing it when you take 10 year new home warranty insurance I give on these houses. Don’t get me wrong, I don’t mind giving warranty insurance on what I build, however, what I can build and how many I can build are limited by what I can borrow from the banks. This means that government should set up a system for builders where they can borrow to build and sell. Currently, all the banks are treating builders who are also small developers as end users and general clients who are borrowing to keep these houses for the next 30 years. If these rules are changed, builders can build more. Furthermore, builders and developers should not be charged with stamp duty if they buy a land or development site to develop / build to sell within 24months, depending on the complexity, scale and nature of the development project. This will reduce the final sale price too.
Whats the point if police nurses paramedics, teachers soldiers cant afford a home. A regular job or even double job cant afford nothing in australia. The vision of australia is to make aussie poor. Govt does not want to increase salary only to themselves.
@@13579john yes plenty of 600 then soon to average 1million. Meanwhile. usa and canada have still 200knhouses even if they have more population. Nurses ,paramedics and teachers can make more money when they have specialties. Not here. These jobs are like modern slavery to serve healthcare , education, and safety of the rich.
@@jackman2865 200k houses probably are the ones you dont want to live in. USA have houses for $1 if you want to live in those cities. Nurses , Paramedics and Teacher make easy 100k+ a year in Australia. What wages do they get in USA ? 50k ? + service tax, state tax.
@13579john nurse specialist in states of california is 100-160 per hour. Not for teachers, nurses and paramedics here. 100k is achievable because of night shift and Weekends. Rn 8 in nsw is less than 100k. Go figure at nsw health. 600k cant buy anywhere except for broken hill of course. We dont have 30 fix interest too. If you buy a house in covid. Lock in 30 years at 2 percent. Good life. Here focused more on negative gearing and interest hike. 6.5 % vs 2percent. Its like buying thundra proper pick up truck than the so called small tiny ute best selling Hilux. In short, you got a fixed 30 years mortgage at 2% and a chevy pick up. meanwhile 1 million mortgage with uptrending interest rate plus cant afford the latest hilux for camping. Lastly 100k is very small, just go to tax rent or mortgage. No more Disneyland. Stuck in the home with netflix.
As a licensed builder building couple of multi unit development site and knock down rebuild each year in Melbourne, I can say that I won’t be able to build any architectural builds in 5-7 years, as an outcome of my existing contractors are getting old and not finding any replacements yet. I started my apprenticeship in bricklaying back in 2001 as my step in the building industry and I have not seen anything similar to the current situation in the building industry over the past 23 years. The contractor skill sets available to builders are very limited and challenges, and all standards and NCC have been getting more and more complex each year…good luck
Real estate has hijacked the entire Australia, further widening the gap between the rich and the poor, irreversibly reducing the birth rate, and will gradually eliminate the few remaining manufacturing industries. The government is helpless in this regard. The only effort it has made is to continuously increase the number of immigrants.
We need to encourage our youth to acquire tangible skill sets and flock to less populated areas and build those areas up. It may take 1 or 2 generations, but that's the situation we're in. Our capital cities are already congested. We look at a landmass the size of the USA and quantify it based on the living conditions of 7 cities (Mainly 3 or sometimes 4). I'm aware there's a lot of arid land in Australia.... but there's still plenty of room to move interstate..And there's still plenty of room on the coastlines if people aren't willing to give up that short trip to the beach.
Land developers have significantly bumped up their prices, in terms of what they are charging per sqm. Building cost went up at the rate of inflation or slightly higher (like 5% per year) over the past 12-13 years. Furthermore builder profit margins went down significantly too. So you can blame it all on the land developers….
What a load of rubbish 🤣. Australia is on a down hill slide from what it was as far as a way of life. Great country with awesome beaches & life style. If you cant afford a roof over your head, & the new option has become raising a family in a high rise apartment that many take generations to pay off, in a country that has the greatest landmass to people in the world. That's a failure of epic proportions 👍
We definately need more hairdressers yoga teachers nail painters and chefs that can make an egg roll to come permanently with their family members all 20
Build new homes they will be bought by cashed up investors and air BnBs. It's a joke. First home buyers are relying on the bank of mum n dad delaying retirement keeping inflation and employment high!
Demand and supply imbalance is both a demand and supply issue. Sick of hearing that it is only a supply issue. Glad others didn't agree with Andrew. Also, what's stopping us from outsourcing large projects to experienced foreigners? It will free up tradies to work on houses and low density apartments. Not to mention it will probably save the state money. Please enlighten me.
People were talking about high property prices 200 years ago, when Charles Darwin visited Sydney. His book Voyage of the Beagle describes his experiences & observations. Prices rise. Get used to it.
![ประสบการณ์ จ้าง Developer ที่ผมจะไม่มีวันลืม [ภาค2]](http://i.ytimg.com/vi/pZbsSDRrmXA/mqdefault.jpg)
These people must be living on a different planet. I’m a mum and dad investor. I’ve been investing in property since 1989. My land tax which didn’t exist has gone $1200 to $3600 post pandemic, gave to say I live in Vic. This tax is on mostly apartments, where the land value is 50,000 to $80,000.
Further more I will never educate my son to buy property in Australia because it is one of the biggest Scams ever created by the Gov, banks and developers. Most of us a constantly working to service investments that we will never pay off. We are mice trapped in a wheel that continually runs to make others rich.While we hold investment to make others richer. How are our children going to afford $3m homes at this rate. All I see is a devaluation of our dollar. Good luck to luck Australians, where a house in Reservior is $1m and a home in Frankston $980k
Good comment. AUD has been devalued nearly by half since 2013 which negates gains 45% gains on property not mentioning all the interest paid too. And given the quality of polititians we elect AUD path is only down, a long way down to go before hyperinflation begins and we join Argentina, Venezuela and the like.
@@mariapaola1783 my brother relocated canada 2 years ago. Next summer they buy soon a house in a 200-600k range. Wide variety options. Its like you can buy ,tacoma, thundra, silverado etc. not small utes like hilux ahaha
@@jackman2865 how about his wages, is it half?
@@13579john mechanical engineer base 110K .. 400-600 is a big house. But not in toronto. House is a million like sydney.
Maybe you shouldnt have hog houses depriving others of a home to live in while driving up prices? cry me a river. You made your money if you didnt, you would have sold your property.
As a licensed registered builder, my profit margin on a building project is around 15% on what I build for the propose of selling.
It means that I need to invest, risk and use $1.5m in cash to make a gross profit of $225,000 inclusive of GST. I don’t think that’s honestly worth doing it when you take 10 year new home warranty insurance I give on these houses.
Don’t get me wrong, I don’t mind giving warranty insurance on what I build, however, what I can build and how many I can build are limited by what I can borrow from the banks.
This means that government should set up a system for builders where they can borrow to build and sell. Currently, all the banks are treating builders who are also small developers as end users and general clients who are borrowing to keep these houses for the next 30 years. If these rules are changed, builders can build more.
Furthermore, builders and developers should not be charged with stamp duty if they buy a land or development site to develop / build to sell within 24months, depending on the complexity, scale and nature of the development project. This will reduce the final sale price too.
Try 3D printing technology... The issue of warranty comes into picture due to type of materials that is being used now...
Maybe just provide tax incentives/concession for developer and builder. Like 15% income tax
Whats the point if police nurses paramedics, teachers soldiers cant afford a home. A regular job or even double job cant afford nothing in australia. The vision of australia is to make aussie poor. Govt does not want to increase salary only to themselves.
They can , plenty of 600k houses
This is how revolutions start, when the peasants are being oppressed. Mahatma Gandhi used civil disobedience to help fix similar problems in India
@@13579john yes plenty of 600 then soon to average 1million. Meanwhile. usa and canada have still 200knhouses even if they have more population. Nurses ,paramedics and teachers can make more money when they have specialties. Not here. These jobs are like modern slavery to serve healthcare , education, and safety of the rich.
@@jackman2865 200k houses probably are the ones you dont want to live in. USA have houses for $1 if you want to live in those cities. Nurses , Paramedics and Teacher make easy 100k+ a year in Australia. What wages do they get in USA ? 50k ? + service tax, state tax.
@13579john nurse specialist in states of california is 100-160 per hour. Not for teachers, nurses and paramedics here. 100k is achievable because of night shift and Weekends. Rn 8 in nsw is less than 100k. Go figure at nsw health. 600k cant buy anywhere except for broken hill of course. We dont have 30 fix interest too. If you buy a house in covid. Lock in 30 years at 2 percent. Good life. Here focused more on negative gearing and interest hike. 6.5 % vs 2percent. Its like buying thundra proper pick up truck than the so called small tiny ute best selling Hilux. In short, you got a fixed 30 years mortgage at 2% and a chevy pick up. meanwhile 1 million mortgage with uptrending interest rate plus cant afford the latest hilux for camping. Lastly 100k is very small, just go to tax rent or mortgage. No more Disneyland. Stuck in the home with netflix.
As a licensed builder building couple of multi unit development site and knock down rebuild each year in Melbourne, I can say that I won’t be able to build any architectural builds in 5-7 years, as an outcome of my existing contractors are getting old and not finding any replacements yet. I started my apprenticeship in bricklaying back in 2001 as my step in the building industry and I have not seen anything similar to the current situation in the building industry over the past 23 years. The contractor skill sets available to builders are very limited and challenges, and all standards and NCC have been getting more and more complex each year…good luck
good insight from builders perspective. Thanks for sharing
Cap investment properties to 2 per person or marriage. It’s a home, treat it like that you psychopaths.
Real estate has hijacked the entire Australia, further widening the gap between the rich and the poor, irreversibly reducing the birth rate, and will gradually eliminate the few remaining manufacturing industries. The government is helpless in this regard. The only effort it has made is to continuously increase the number of immigrants.
According to the 2021 Census, there were 1,043,776 unoccupied dwellings in Australia, which is 10.1% of the country's private dwellings:
Good point!
We need to encourage our youth to acquire tangible skill sets and flock to less populated areas and build those areas up. It may take 1 or 2 generations, but that's the situation we're in. Our capital cities are already congested. We look at a landmass the size of the USA and quantify it based on the living conditions of 7 cities (Mainly 3 or sometimes 4). I'm aware there's a lot of arid land in Australia.... but there's still plenty of room to move interstate..And there's still plenty of room on the coastlines if people aren't willing to give up that short trip to the beach.
if you dont own property in this country you are a second hand citizen, only here to fund the almighty property investor.
Land developers have significantly bumped up their prices, in terms of what they are charging per sqm. Building cost went up at the rate of inflation or slightly higher (like 5% per year) over the past 12-13 years. Furthermore builder profit margins went down significantly too. So you can blame it all on the land developers….
Opportunity for foreign buyers?
Always
Opportunity for anyone with deep pockets
What a load of rubbish 🤣. Australia is on a down hill slide from what it was as far as a way of life. Great country with awesome beaches & life style.
If you cant afford a roof over your head, & the new option has become raising a family in a high rise apartment that many take generations to pay off, in a country that has the greatest landmass to people in the world. That's a failure of epic proportions 👍
get rid of land zoning, like Japan
let the market build whatever they want
Tradies with compliant knowledge not the rubbish they are pushing these days.
This entire conversation is noise.
Good old replacement theory. Replace Australians with migrants
Clickbait. What city is set to surge?
19:15
We definately need more hairdressers yoga teachers nail painters and chefs that can make an egg roll to come permanently with their family members all 20
Build new homes they will be bought by cashed up investors and air BnBs. It's a joke.
First home buyers are relying on the bank of mum n dad delaying retirement keeping inflation and employment high!
Demand and supply imbalance is both a demand and supply issue. Sick of hearing that it is only a supply issue. Glad others didn't agree with Andrew.
Also, what's stopping us from outsourcing large projects to experienced foreigners? It will free up tradies to work on houses and low density apartments. Not to mention it will probably save the state money. Please enlighten me.
Still never get to own your own land!?!?!? and yes get rid of stamp duty like they promised when they were bring the GST in
Scary times, the older generations have a lot to answer for
Why do we need to work? Just borrow money and buy house
People were talking about high property prices 200 years ago, when Charles Darwin visited Sydney. His book Voyage of the Beagle describes his experiences & observations. Prices rise. Get used to it.
Election 2025