Adelaidean here. We can't afford houses. The investors have bought most of the houses ( this is obvious because houses up for sale are up for rent a week later) Our income hasnt grown, and the people who live here are feeling the pressure.
Love everything that you said, I will add, please factor the wealth compounding that has happened since Covid, we are entering a very different and almost new world of wealth disparity and divide.
Very true! Can easily create second wind type impacts - perhaps the move to investor focus is from all the wealth creation post covid. Eg lot of wealth created in major capitals, creating investment second wind demand in more affordable areas
Affordability is a big issue in Perth The commercial property sector is well over priced i know personally of 6 bussinesses in wangara area who have closed bussinesses due to property's being sold to investors and rents doubled.im looking for property atm for my bussiness looking in 1.3 million range last property bought by investor paid 300000 extra can't substance the extra payments to be viable probably end up closing after 20 years of bussiness the true fact of commercial realestate at least i don't need to buy a house because that's the same.caravan parks are full with rents average $700 a weekdue to investors buying all the houses😢
FYI we generally mix the podcasts up with actual data based videos too. This particular video has another corresponding one with a lot of the research behind this on this channel 2025 property predictions
@ you’re gonna think I’m crazy. But I’ve gone against grain/heard and taken a gamble on Canberra, whilst I think is undervalued right now and good properties are selling for less than they were last year. Strategy is to hold long though. Let me know your thoughts.
@@maycoltreminio9914 i love this. Can i ask why? Is it investor property? I generally think it makes a LOT of sense buying during a down period. There's a lot of uncertainty to canberra around these electoral periods - why jump in now?
@@AusPropertyRedom Yes, an investment property via an SMSF. We have a property in Sydney and Brisbane already and that boat has sailed already, way too expensive for us to buy a decent property. Other major cities are so competitive and somewhat overvalued. Canberra could be a solid choice, especially with its stable rental demand driven by government employment. The supply of houses is more constrained compared to apartments, which might help with long-term capital growth. And one of the few places left to secure a house instead of an apartment for the budget we had. Election results and possible rate cuts may (very big may) give it the restart it needs.
I feel this channel deserves a lot more views and attention. Well covered contents good job! I am on board with you about Darwin!!!
Oh wow that’s so kind! Growing slowly, appreciate the love!
Agree
Adelaidean here. We can't afford houses. The investors have bought most of the houses ( this is obvious because houses up for sale are up for rent a week later)
Our income hasnt grown, and the people who live here are feeling the pressure.
Love everything that you said, I will add, please factor the wealth compounding that has happened since Covid, we are entering a very different and almost new world of wealth disparity and divide.
Very true! Can easily create second wind type impacts - perhaps the move to investor focus is from all the wealth creation post covid. Eg lot of wealth created in major capitals, creating investment second wind demand in more affordable areas
Affordability issue. Also so many empty commercial buildings. Could they not be converted into residential?
Sure let's continue with the flop/doss houses putting renters into the office or the linen cupboard like Hong Kong!
You get a like from me simply for putting timestamps
Ipswich qld over priced
Hard to see which way the Perth market will go. I do think Affordability is becoming a big problem tho
Great content gents.
Thank you!
Good content
Affordability is a big issue in Perth The commercial property sector is well over priced i know personally of 6 bussinesses in wangara area who have closed bussinesses due to property's being sold to investors and rents doubled.im looking for property atm for my bussiness looking in 1.3 million range last property bought by investor paid 300000 extra can't substance the extra payments to be viable probably end up closing after 20 years of bussiness the true fact of commercial realestate at least i don't need to buy a house because that's the same.caravan parks are full with rents average $700 a weekdue to investors buying all the houses😢
Great summary - well done guys
Awesome thanks so much!!
Adelaide will continue to outperform, CoreLogic has Adelaide at highest growth for January.
Strongggg still!
Zero data was presented in this video
FYI we generally mix the podcasts up with actual data based videos too. This particular video has another corresponding one with a lot of the research behind this on this channel 2025 property predictions
Melbourne will not out do Sydney till the government changes.
Very possible! It was based on value proposition between both states given current prices
@ you’re gonna think I’m crazy. But I’ve gone against grain/heard and taken a gamble on Canberra, whilst I think is undervalued right now and good properties are selling for less than they were last year. Strategy is to hold long though. Let me know your thoughts.
@@maycoltreminio9914 i love this. Can i ask why? Is it investor property?
I generally think it makes a LOT of sense buying during a down period.
There's a lot of uncertainty to canberra around these electoral periods - why jump in now?
@@AusPropertyRedom Yes, an investment property via an SMSF. We have a property in Sydney and Brisbane already and that boat has sailed already, way too expensive for us to buy a decent property. Other major cities are so competitive and somewhat overvalued. Canberra could be a solid choice, especially with its stable rental demand driven by government employment. The supply of houses is more constrained compared to apartments, which might help with long-term capital growth. And one of the few places left to secure a house instead of an apartment for the budget we had. Election results and possible rate cuts may (very big may) give it the restart it needs.