Increasing, the rates won’t help with foreign buyers because they come in with cash what needs to happen, is to prevent foreign buyers from raising the prices by changing laws around foreign ownership
Thank you for sharing your perspective. It's a valid concern that foreign buyers, especially those making cash purchases, could potentially drive up property prices, making it more challenging for local buyers to enter the market. Altering laws surrounding foreign ownership could indeed be one way to address this issue. Different countries have adopted various measures to manage foreign ownership and its impact on the local real estate market. Such measures can include increased taxes or stricter regulations on foreign buyers, or implementing policies that prioritize local buyers. It's a delicate balance to maintain, as foreign investments also contribute significantly to the economy and the development of the real estate market. It might require a multifaceted approach, involving not only legal and fiscal measures but also encouraging more housing developments to increase supply and thus, potentially, alleviate some of the upward pressure on housing prices. Each solution comes with its own set of benefits and challenges, and it would be essential to consider all aspects, including the long-term impacts on the economy and the real estate market, before implementing any major changes.
Australia has dragged it's feed for 15 years on implementing the foreign investment anti laundering guidelines. As such there is a lot of illigal investment into Australia. We are one of the only countries left not following the guidelines making us one of the favorite part of the world to hide money. So yes, foreign money is a big reason prices are being held high when in interest rate hiking market prices should be going down. The current government has promised to implement the guidelines but as yet has shown no interest. It was part of their election promises.
I really don't understand - my house was valued at 740k in 2021, and it's currently valued at 670k (and nothing about the property has changed) - why is everyone talking about the prices going up, I don't see it??
It's definitely a head-scratcher when you hear all this buzz about property prices going up, and then you see your own home's value take a dip from $740k down to $670k, especially when nothing's changed with your place. This kind of situation can happen for a bunch of reasons. Maybe the overall market's on the rise, but your local area's seeing a different trend, or shifts in interest rates are making buyers a bit hesitant, cooling things down a bit. Then there's the big picture stuff like how the economy's doing or how confident folks are feeling about spending their cash, which can also sway property values. Even though it might not feel like it, the condition and appeal of properties can shift what they're worth too, even if it's just about what's trendy. It's a mixed bag, really, with lots of moving parts that can nudge your home's value in unexpected directions.
Pretty depressed by the state of housing in Australia. Looking to move to Vietnam to escape the greed. My mental health is more important than participating in the Australian PONZI Scheme
I'm really sorry to hear about the distress you're experiencing regarding the housing situation in Australia. It's a challenging scenario and your feelings are completely valid. Prioritizing your mental health is extremely important and exploring alternative living arrangements, such as considering relocation to a country with a lower cost of living like Vietnam, can be a sensible decision.
You know the history of the French hotel and restart on the beach at nha trang right? A couple of French tourists built it, then when it was finished the viet government kicked them out of the country and took possession of it. Now it’s communist run. That’s the Vietnamese housing market in a nutshell
Guys I do not know what data you are looking at but it is not true. People keep saying that prices are going up but I do not see prices going up. I am in the construction field and that is not the case. The rent market is the one going up as it is trying to catch up to the price rises of the past years. Don’t worry, ALBO I’ll take in another 2 million people next year.
I understand your perspective and it's always valuable to have insights from different sectors like construction. It's true that market dynamics can vary greatly from one sector to another, and from one region to another. The rent market has indeed been experiencing its own set of challenges. It's crucial to have a nuanced understanding to navigate these market conditions effectively. The factors affecting housing and rent prices can be complex, and we aim to provide our clients with clear and accurate information to support their home buying journey. Your on-the-ground observations are certainly a valuable part of the broader picture. Thank you for sharing your insights.
Literally I'm starting to think I'm losing my mind. Looking at my own property's value, and the values of properties around me and construction at the moment, value has gone DOWN more than anything and I don't understand why everyone keeps saying it's going up. Unless they're looking at highly prestigious and coveted areas and properties, everything seems to be either steady or going down.
@@GoblinsAreAGirlsBestFriend real estate is all about confidence and, if you think you will ever get true data from real estate agents, brokers, etc, think again. As Peter Shiff would say, it is like asking the mafia to give you the statistics on crime. By the way, investment properties (1-2 bedrooms apartments) are down 15-20% in my area. But guess what, according to the media real estate is up 8%, make this up!
Lets assume your right! Australia is going green and by 2025 the CBDC and Digital IDs will be in full swing, we now know the UK is forcing home owners to upgrade to a new sustainable home at their own cost. Which means people will be forced to take out loans with the new monetary system which is coming in 2024...do you realise that the central planners will control everything you do with the new Digital system and your 15 min cities? But, good luck with it all
People use credit and keep spending. People keep getting into debt, soon the debt bubble will go bust which will completely destroy people's lives and businesses. The real inflation People is 23%+ and gowing month on month the lies from the RBA are now showing!
I understand your concerns regarding the ongoing credit usage and the potential for a debt bubble, as well as your insights on inflation. The economic landscape can indeed present challenges, and the figures from different sources may sometimes present varying pictures.
@@MortgageBrokerAustralia spoken like a true politician. You will always see things from a broker's prospective and not how things are. Mostly you guys parrot the government and RBAs line which is perfectly fine because you guys sell debt to others! However if you can sit here and tell me with a straight face that the globe is not facing a debt bubble...not sure what to say. As far as different data sources go...I talk to the average person on the street and what they are telling doesn't align with what the CPLie is saying or the gouhls running this shit show. Problem reaction solution this is the RBAs and governments tactics. Increase the rental crisis by importing over 600,000 people from overseas while the average Australian who pays their taxes can't even afford to rent a property. The reality for most Australian is alot different then the criminals running Australia are telling us!
Won’t happen. It survived covid. The government keeps it afloat by bringing in cashed up immigrants. Which supplies buyers and keeps the supply demand high
Elephant sized tip, anywhere the Indian diaspora favors is is safe investment to trend upwards. Note the disproportional census increase of South Asian immigration since 2002 and match it to housing affordability in Aus, at different stages it likely mirrored that in Canada, UK etc.
I know youre replying to comments and trying to be neutral and all but it is That simple; legislate tax implications to foreign buyers/inventors, just like their own country do. It still helps the economy via tax, and gives locals a fair chance. Right now foreigners are mostly cashed up and will bid the highest, whilst the locals are looking for medium priced bids and flipping. Therefore, theres a trend in short term gain and long term gain, depending on which side youre on.
Replacement migration will continue to rise and so will home prices. India and China have roughly three billion people, these nationalities will Replace the founding stock of Australia within half a century.
When the stock market crashes, the impact on house prices isn't always immediate and can vary. A crash often leads to lower interest rates as central banks try to stimulate the economy, making mortgages more affordable and potentially boosting demand for housing. However, the crash can also shake economic confidence, making consumers and investors wary of making big financial commitments like buying a home, which could pressure house prices to drop. Additionally, the "wealth effect" means that as people see their investment portfolios shrink, they might feel less wealthy and be more hesitant to invest in real estate. Thus, the relationship between a stock market crash and house prices is complex, influenced by factors like interest rates, economic sentiment, and individual financial circumstances.
people are wrong. they have short memories. give in 6 months, they will wake up to the harsh reality. aus dollar will be d.s. offshore investors will dump. prices skyrocketed in ireland too. nek minut
Thank you for expressing your viewpoint. It's always insightful to hear diverse perspectives on the market and economic trends. Your comparison of the current situation to past events in other regions like Ireland is thought-provoking.
My friend is a temporary resident and wanted to invest in term deposits , but all banks says u need to be PR or citizen.. is there any bank that's offers term deposits for TR ? 😢😢😢😢😢
We wanted to put a granny flat on our property in Logan city to help with the rent shortage. Logan council charges 22000 for the pleasure. This is only for rental. No thanks we will wait a bit.
Listing numbers are booming.. They dropped month on month sure, but the month ended on a tuesday.. Listing numbers have already clawed that drop back and gained nearlly 2000 in the first 2 days of the month..
Owner occupiers entering the unit market is a ticking time bomb. In St. Kilda East, Melbourne, which is traditionally 70% investor/ 30% owner occupier, those numbers have reversed over the last 12 months or so. If that trend is wider spread than just the inner South East, and it continues, what we're calling a rental crisis at present is going to look like a holiday in only a few years' time. It wouldn't surprise me if smart investors leaving the market are taking their cash and buying shares in Ray's Tent City and BCF. This is a disastrous emerging trend.
Thank you for bringing this topic to our attention. It indeed presents a complex scenario with potentially significant impacts on the housing and rental markets. The shift from a primarily investor-led market to one driven by owner-occupiers in areas like St. Kilda East may indeed indicate a broader trend that could affect rental availability and prices. The potential ripple effects on the rental market, and the subsequent implications for individuals and families searching for rental properties could indeed exacerbate the current rental crisis. The mention of smart investors diversifying their portfolios by moving away from the real estate market and into other areas is an interesting observation. The real estate market’s dynamics are complex and influenced by a multitude of factors. It would require a deep dive analysis to understand the full scope and potential long-term impacts of such trends. It's essential to keep monitoring these trends and analyze the data to make well-informed decisions whether you are an investor, a home buyer, or a stakeholder in the real estate industry. This situation also highlights the importance of having a diverse range of housing options to cater to the different needs of the population.
For the best real estate result, pick the suburb with the highest Karen's count, I call it the Karen Index. Nothing better than housing under supply in these areas.
Thank you for sharing your unique observation on identifying promising suburbs for real estate investment. The notion of a "Karen Index" certainly brings a humorous touch to the serious business of property market analysis.
I sold an apartment in July. Was on market for quite a long time because aussies couldn't get a loan big enough to afford my asking price. Sold to chinese nationals
Same here. Sold a $3m house to Chinese nationals. The agent that sold my property said that every single property he sold has been bought by Chinese nationals this year.
It seems that Brisbane...and indeed all of Queensland...has finally been "discovered?" So after essentially playing second fiddle to NSW for many years it appears as though QLD is emerging as a force with which to be reckoned in it's own right. Boom times ahead for QLD!!! 😂
Increasing, the rates won’t help with foreign buyers because they come in with cash what needs to happen, is to prevent foreign buyers from raising the prices by changing laws around foreign ownership
Thank you for sharing your perspective. It's a valid concern that foreign buyers, especially those making cash purchases, could potentially drive up property prices, making it more challenging for local buyers to enter the market. Altering laws surrounding foreign ownership could indeed be one way to address this issue.
Different countries have adopted various measures to manage foreign ownership and its impact on the local real estate market. Such measures can include increased taxes or stricter regulations on foreign buyers, or implementing policies that prioritize local buyers.
It's a delicate balance to maintain, as foreign investments also contribute significantly to the economy and the development of the real estate market. It might require a multifaceted approach, involving not only legal and fiscal measures but also encouraging more housing developments to increase supply and thus, potentially, alleviate some of the upward pressure on housing prices.
Each solution comes with its own set of benefits and challenges, and it would be essential to consider all aspects, including the long-term impacts on the economy and the real estate market, before implementing any major changes.
Australia has dragged it's feed for 15 years on implementing the foreign investment anti laundering guidelines. As such there is a lot of illigal investment into Australia. We are one of the only countries left not following the guidelines making us one of the favorite part of the world to hide money.
So yes, foreign money is a big reason prices are being held high when in interest rate hiking market prices should be going down. The current government has promised to implement the guidelines but as yet has shown no interest. It was part of their election promises.
They could stop that data trend in the FIRB Residential Housing Investment Report tomorrow by running it like the Visa stream for Family Reunion....
I really don't understand - my house was valued at 740k in 2021, and it's currently valued at 670k (and nothing about the property has changed) - why is everyone talking about the prices going up, I don't see it??
It's definitely a head-scratcher when you hear all this buzz about property prices going up, and then you see your own home's value take a dip from $740k down to $670k, especially when nothing's changed with your place. This kind of situation can happen for a bunch of reasons. Maybe the overall market's on the rise, but your local area's seeing a different trend, or shifts in interest rates are making buyers a bit hesitant, cooling things down a bit. Then there's the big picture stuff like how the economy's doing or how confident folks are feeling about spending their cash, which can also sway property values. Even though it might not feel like it, the condition and appeal of properties can shift what they're worth too, even if it's just about what's trendy. It's a mixed bag, really, with lots of moving parts that can nudge your home's value in unexpected directions.
Pretty depressed by the state of housing in Australia. Looking to move to Vietnam to escape the greed. My mental health is more important than participating in the Australian PONZI Scheme
I'm really sorry to hear about the distress you're experiencing regarding the housing situation in Australia. It's a challenging scenario and your feelings are completely valid. Prioritizing your mental health is extremely important and exploring alternative living arrangements, such as considering relocation to a country with a lower cost of living like Vietnam, can be a sensible decision.
Vietnam Bahahaha, how much you want to bet that you'll be back
It's not greed, it's calculated risk and delayed gratification.
You know the history of the French hotel and restart on the beach at nha trang right? A couple of French tourists built it, then when it was finished the viet government kicked them out of the country and took possession of it. Now it’s communist run.
That’s the Vietnamese housing market in a nutshell
I would too if I could work and buy something there.
Hey,
can you guys help me with a contact about checking to see what our borrowing power is?
Thanks for your message. Sure thing, please reach out with us here: www.huntergalloway.com.au/contact/
Guys I do not know what data you are looking at but it is not true. People keep saying that prices are going up but I do not see prices going up. I am in the construction field and that is not the case.
The rent market is the one going up as it is trying to catch up to the price rises of the past years.
Don’t worry, ALBO I’ll take in another 2 million people next year.
I understand your perspective and it's always valuable to have insights from different sectors like construction. It's true that market dynamics can vary greatly from one sector to another, and from one region to another. The rent market has indeed been experiencing its own set of challenges. It's crucial to have a nuanced understanding to navigate these market conditions effectively. The factors affecting housing and rent prices can be complex, and we aim to provide our clients with clear and accurate information to support their home buying journey. Your on-the-ground observations are certainly a valuable part of the broader picture. Thank you for sharing your insights.
Yep, I am in the same field and agree...
Literally I'm starting to think I'm losing my mind. Looking at my own property's value, and the values of properties around me and construction at the moment, value has gone DOWN more than anything and I don't understand why everyone keeps saying it's going up. Unless they're looking at highly prestigious and coveted areas and properties, everything seems to be either steady or going down.
@@GoblinsAreAGirlsBestFriend 100% mate.
@@GoblinsAreAGirlsBestFriend real estate is all about confidence and, if you think you will ever get true data from real estate agents, brokers, etc, think again. As Peter Shiff would say, it is like asking the mafia to give you the statistics on crime.
By the way, investment properties (1-2 bedrooms apartments) are down 15-20% in my area. But guess what, according to the media real estate is up 8%, make this up!
its over 9000!!!
Thanks for watching!
Don't believe this rubbish that prices will drop. They will rise sharply. Buy now before it's to late!
Lets assume your right! Australia is going green and by 2025 the CBDC and Digital IDs will be in full swing, we now know the UK is forcing home owners to upgrade to a new sustainable home at their own cost. Which means people will be forced to take out loans with the new monetary system which is coming in 2024...do you realise that the central planners will control everything you do with the new Digital system and your 15 min cities? But, good luck with it all
Wow that was very usually basically everyone knows this wasted 9min in my life
People use credit and keep spending. People keep getting into debt, soon the debt bubble will go bust which will completely destroy people's lives and businesses. The real inflation People is 23%+ and gowing month on month the lies from the RBA are now showing!
I understand your concerns regarding the ongoing credit usage and the potential for a debt bubble, as well as your insights on inflation. The economic landscape can indeed present challenges, and the figures from different sources may sometimes present varying pictures.
@@MortgageBrokerAustralia spoken like a true politician. You will always see things from a broker's prospective and not how things are. Mostly you guys parrot the government and RBAs line which is perfectly fine because you guys sell debt to others! However if you can sit here and tell me with a straight face that the globe is not facing a debt bubble...not sure what to say. As far as different data sources go...I talk to the average person on the street and what they are telling doesn't align with what the CPLie is saying or the gouhls running this shit show. Problem reaction solution this is the RBAs and governments tactics. Increase the rental crisis by importing over 600,000 people from overseas while the average Australian who pays their taxes can't even afford to rent a property. The reality for most Australian is alot different then the criminals running Australia are telling us!
💯
The housing ponzi crash will be biblical.
Spot on Don't! Don't forget the stock markets...lol going to be fun but tragic to watch...
Won’t happen. It survived covid. The government keeps it afloat by bringing in cashed up immigrants. Which supplies buyers and keeps the supply demand high
I think the currency debasement will be biblical. prices just jumped 20% in 1 month where I am.
I am in gold and silver and will keep buying...you don't hold it you don't own it
Elephant sized tip, anywhere the Indian diaspora favors is is safe investment to trend upwards. Note the disproportional census increase of South Asian immigration since 2002 and match it to housing affordability in Aus, at different stages it likely mirrored that in Canada, UK etc.
Yeh no. Merrylands is one of the worst performing suburbs in Sydney.
@@elmohead Macro vs micro
I know youre replying to comments and trying to be neutral and all but it is That simple; legislate tax implications to foreign buyers/inventors, just like their own country do. It still helps the economy via tax, and gives locals a fair chance.
Right now foreigners are mostly cashed up and will bid the highest, whilst the locals are looking for medium priced bids and flipping. Therefore, theres a trend in short term gain and long term gain, depending on which side youre on.
Thanks for sharing
Replacement migration will continue to rise and so will home prices. India and China have roughly three billion people, these nationalities will Replace the founding stock of Australia within half a century.
Thanks for sharing Sam
Already happening in western Sydney
I doubt that many people will be around in half a century...maybe 1 billion globally if we are lucky!
If you understand surply and demand save yourself 9 minutes
What happens to house prices when the stock market crashes
When the stock market crashes, the impact on house prices isn't always immediate and can vary. A crash often leads to lower interest rates as central banks try to stimulate the economy, making mortgages more affordable and potentially boosting demand for housing. However, the crash can also shake economic confidence, making consumers and investors wary of making big financial commitments like buying a home, which could pressure house prices to drop. Additionally, the "wealth effect" means that as people see their investment portfolios shrink, they might feel less wealthy and be more hesitant to invest in real estate. Thus, the relationship between a stock market crash and house prices is complex, influenced by factors like interest rates, economic sentiment, and individual financial circumstances.
people are wrong. they have short memories. give in 6 months, they will wake up to the harsh reality. aus dollar will be d.s. offshore investors will dump. prices skyrocketed in ireland too. nek minut
Thank you for expressing your viewpoint. It's always insightful to hear diverse perspectives on the market and economic trends. Your comparison of the current situation to past events in other regions like Ireland is thought-provoking.
My friend is a temporary resident and wanted to invest in term deposits , but all banks says u need to be PR or citizen.. is there any bank that's offers term deposits for TR ? 😢😢😢😢😢
Why would you even want to keep money in the bank...the best term deposit in my opinion is gold and silver at least you own it because you hold it!
We wanted to put a granny flat on our property in Logan city to help with the rent shortage. Logan council charges 22000 for the pleasure. This is only for rental. No thanks we will wait a bit.
Bit non news this episode boys. Try to dig us up an interesting stat at least.
Thanks for watching and appreciate the feedback
Immigration and overseas buyers.
Thanks for watching 🙌
Listing numbers are booming.. They dropped month on month sure, but the month ended on a tuesday.. Listing numbers have already clawed that drop back and gained nearlly 2000 in the first 2 days of the month..
Thanks for sharing and appreciate your insights
Owner occupiers entering the unit market is a ticking time bomb. In St. Kilda East, Melbourne, which is traditionally 70% investor/ 30% owner occupier, those numbers have reversed over the last 12 months or so. If that trend is wider spread than just the inner South East, and it continues, what we're calling a rental crisis at present is going to look like a holiday in only a few years' time. It wouldn't surprise me if smart investors leaving the market are taking their cash and buying shares in Ray's Tent City and BCF. This is a disastrous emerging trend.
Thank you for bringing this topic to our attention. It indeed presents a complex scenario with potentially significant impacts on the housing and rental markets. The shift from a primarily investor-led market to one driven by owner-occupiers in areas like St. Kilda East may indeed indicate a broader trend that could affect rental availability and prices. The potential ripple effects on the rental market, and the subsequent implications for individuals and families searching for rental properties could indeed exacerbate the current rental crisis.
The mention of smart investors diversifying their portfolios by moving away from the real estate market and into other areas is an interesting observation. The real estate market’s dynamics are complex and influenced by a multitude of factors. It would require a deep dive analysis to understand the full scope and potential long-term impacts of such trends.
It's essential to keep monitoring these trends and analyze the data to make well-informed decisions whether you are an investor, a home buyer, or a stakeholder in the real estate industry. This situation also highlights the importance of having a diverse range of housing options to cater to the different needs of the population.
I didn't have an investment property but I bought shares in Super Retail Group, owner of BCF, a couple of years ago, It's up 79% in 3 years.
@@farmduck2762 Nice!
@@farmduck2762you should have bought a investment property instead. You prob made like 3k in 3 yrs. Could have made 300k instead haha
@@lengerer I considered that at the time but I couldn't find an investment property for $700
For the best real estate result, pick the suburb with the highest Karen's count, I call it the Karen Index. Nothing better than housing under supply in these areas.
Thank you for sharing your unique observation on identifying promising suburbs for real estate investment. The notion of a "Karen Index" certainly brings a humorous touch to the serious business of property market analysis.
@@MortgageBrokerAustralialol is this chatgpt replying
I sold an apartment in July. Was on market for quite a long time because aussies couldn't get a loan big enough to afford my asking price. Sold to chinese nationals
Thanks for sharing
But, but, but the Australian economy is doing great accordingto the government snd the RBA! Lol
Same here. Sold a $3m house to Chinese nationals. The agent that sold my property said that every single property he sold has been bought by Chinese nationals this year.
It seems that Brisbane...and indeed all of Queensland...has finally been "discovered?"
So after essentially playing second fiddle to NSW for many years it appears as though QLD is emerging as a force with which to be reckoned in it's own right.
Boom times ahead for QLD!!! 😂
💯
Ah yes, this rate hike will surely be different lol
Thanks for watching!
The Australian property market always surprises on the upside...always 😂
I know right!