Perth’s Property Boom Is Almost Over
17:07
Rate Cuts in 90 Days?
11:16
Ай бұрын
Пікірлер
@jiho90
@jiho90 2 сағат бұрын
Youre amazing Redom!
@Fortnitegamer528
@Fortnitegamer528 13 сағат бұрын
Please share the ebook
@LifeFactsOfficialPage
@LifeFactsOfficialPage Күн бұрын
E book please
@AusPropertyRedom
@AusPropertyRedom 19 сағат бұрын
Coming! Producing now
@rajonhs
@rajonhs Күн бұрын
Ive noticed the lower ($350k - $500k) to mid band ($600k - 800k) properties shot up the most. 1m+ properties havnt really picked up as much. I suppose this is more evidence of investors flocking in. Thanks for the insights! 🙏🏼
@AusPropertyRedom
@AusPropertyRedom 19 сағат бұрын
Yes very true, it’s in the data there when segmenting value of properties
@SebastianGreen-i9u
@SebastianGreen-i9u Күн бұрын
Ebook please. Keep up the good content guys 👊
@AusPropertyRedom
@AusPropertyRedom Күн бұрын
Will get onto it and email it out soon :)
@crusader6962
@crusader6962 2 күн бұрын
You can still buy a house under $400k in Moree NSW where they are going to build 1 of 4 special activation precincts. ❤ inland rail is the largest infrastructure project in Australia
@AusPropertyRedom
@AusPropertyRedom Күн бұрын
Very cool, very cheap!
@wanqihuang2942
@wanqihuang2942 2 күн бұрын
ebook will be great! Thank you
@AusPropertyRedom
@AusPropertyRedom Күн бұрын
Ok will produce it this week and send it out soon!
@distinctivedesigns4184
@distinctivedesigns4184 2 күн бұрын
Murarrie is 7kms from Brisbane CBD currently undervalued with huge infrastructure pipeline leading up to 2032 Olympics. It even has a beach ⛱️ Search "Colmslie Beach Reserve"
@laijack2949
@laijack2949 2 күн бұрын
An ebook will be great ! Thanks in advance.
@AusPropertyRedom
@AusPropertyRedom Күн бұрын
Will send out soon!
@davidcode83
@davidcode83 2 күн бұрын
Wages here are a lower here than most other states. Sky high rents and house prices. low wages and there are full time workers here living in tents.
@AusPropertyRedom
@AusPropertyRedom Күн бұрын
Thats true, its making affordability really poor in Adelaide!
@nicksun7619
@nicksun7619 2 күн бұрын
Mount Gambier sinkholes risk
@crusader6962
@crusader6962 2 күн бұрын
Moree NSW where they are going to build 1 of 4 special activation precincts. ❤
@AusPropertyRedom
@AusPropertyRedom Күн бұрын
What does sinkhole risk mean?
@jameslay1348
@jameslay1348 2 күн бұрын
It's a bubble. It makes no sense. People buying houses for 1.4m+. First home buyers. Lots being passed in but vendors not budging
@AusPropertyRedom
@AusPropertyRedom Күн бұрын
Lots of investors coming in - thats always a concern when theres such a high portion of investors somewhere at a particular point in time. Investment led boom
@yuvi9314
@yuvi9314 2 күн бұрын
Please share the ebook, I would love to see charts
@AusPropertyRedom
@AusPropertyRedom Күн бұрын
Awesome will put it together and release it soon
@nicksun7619
@nicksun7619 2 күн бұрын
I agree with your analysis. Adelaide boomed due to lack of supply in Covid and Victorians running away from Dan Andrews the poorer ones went to South Australia and the richer ones went to Queensland. Adelaide has a grey population and its main attraction was affordability,. It does not have any major industry like WA or Queensland. Victoria is now much cheaper to live why would you choose to go Adelaide over Victoria at the current point of time? I think power prices are more expensive in SA as well. Adelaide would be the first bubble to pop.
@AusPropertyRedom
@AusPropertyRedom Күн бұрын
exactly, everything circles back down to price. When adelaide yields were 5% and 50% cheaper, the numbers looked amazing. Its gone now, prices are up 75%+! So now its far less exciting and the different CYCLE point is starting to show -- more investors, etc.
@ballaratevil6048
@ballaratevil6048 2 күн бұрын
I would rather live in a poor country in Asia...Oh I am I just realized.
@AusPropertyRedom
@AusPropertyRedom 2 күн бұрын
Haha where do you live?
@ballaratevil6048
@ballaratevil6048 2 күн бұрын
@@AusPropertyRedom south of Adelaide
@williamcrossan9333
@williamcrossan9333 2 күн бұрын
Does anyone have a sense of where all this money is coming from? Interest rates (cash rate) was 1.5% in 2018. Today it's 4.35% and yet prices are soaring. The media keeps banging on about this cost of living crisis. What the hell is going on?
@AusPropertyRedom
@AusPropertyRedom 2 күн бұрын
Great point! The higher rates is pulling money away But the rapid population growth is brining money in! Overall its moving to more affordable areas as more poeple have less individually.
2 күн бұрын
Better off buying Pulsechain or Hex crypto with founder Richard Heart about to go viral again on y tube now Sec head Gary Gensler getting sacked as promised on day one of Trumps Presidency and listen to yourfreindsommi for updates .
@alech120
@alech120 3 күн бұрын
Not enough if you just have a look at rents, man! Having lived in Adelaide since 2010, I have never witnessed a price correction or crash in the Adelaide housing market. For the past 14 years, there has been a consistent lack of supply in many eastern and southern suburbs. In suburbs like Dulwich and Leabrook, you might be fortunate to find even one house available for inspection in a month-no exaggeration. When driving through the city, you'll notice that there is hardly any new construction happening. The landscape is characterised by large blocks of land, old houses, and a persistent lack of supply. A well-known local real estate agent once told me that if you can afford to buy a house in a desirable suburb-priced around 1.5 to 2 million dollars or more already-you can expect to build wealth over the next 5 to 10 years. Adelaide is strange.
@AusPropertyRedom
@AusPropertyRedom 2 күн бұрын
100% the supply issue is so strong in Adelaide, biggest in Australia. There's a very obvious housing shortage there. On that metric, Adelaide is the BEST city to look at. There is an increasing likelihood this will begin to change with more supply (construction cycle taking off from higher prices, like perth). Rental growth slowing. Yields being the 2nd lowest in Australia. A dominated investor clientele, who may go away to other areas with better yeilds on offer now. A slowing employment market. There's clearly more price growth to come now, but the headwinds from being 75% higher in prices begins to slow. Much of this is normal market cycle.
@therealestateguy84
@therealestateguy84 3 күн бұрын
Would like a review into Darwin
@AusPropertyRedom
@AusPropertyRedom 2 күн бұрын
Coming, we're recording this shortly. Have a couple darwin videos coming, a podcast too. It deserves a spotlight at the moment!
@patrickbellot156
@patrickbellot156 2 күн бұрын
@@AusPropertyRedom Great, Looking forward to it!
@ballaratevil6048
@ballaratevil6048 2 күн бұрын
looks good but keep away from crime
@Trying391
@Trying391 3 күн бұрын
I agree with you
@AusPropertyRedom
@AusPropertyRedom 2 күн бұрын
Awesome!
@MuhammadAshraf-bz4eo
@MuhammadAshraf-bz4eo 3 күн бұрын
Great video. Very informative. Please do a video on Melbourne. The locations that you mentioned where clients are buying in North Melbourne for early cycle. Thanks.
@AusPropertyRedom
@AusPropertyRedom 3 күн бұрын
Thanks heaps!!! I go through it shortly
@RealWorldNews-oj3fk
@RealWorldNews-oj3fk 3 күн бұрын
Can you please have a detailed episode in Melbourne . Thanks Redon
@AusPropertyRedom
@AusPropertyRedom 3 күн бұрын
We’ve got one on the channel a few weeks ago. It’s in the housing market analysis playlist. :)
@RealWorldNews-oj3fk
@RealWorldNews-oj3fk 3 күн бұрын
@ I am awaiting your recent comment on northern suburbs of Melbourne
@AusPropertyRedom
@AusPropertyRedom 2 күн бұрын
@@RealWorldNews-oj3fk coming soon!
@RealWorldNews-oj3fk
@RealWorldNews-oj3fk 2 күн бұрын
@ waiting thanks .
@RealWorldNews-oj3fk
@RealWorldNews-oj3fk 3 күн бұрын
Hi Redon - also please do an episode in Melbourne and top 5 areas in Melbourne
@AusPropertyRedom
@AusPropertyRedom 3 күн бұрын
We’ve recorded this it’ll be out in the next couple weeks And one other location everyone will be looking at next!
@RealWorldNews-oj3fk
@RealWorldNews-oj3fk 3 күн бұрын
Melbourne which suburbs to invest kindly advise
@AusPropertyRedom
@AusPropertyRedom 3 күн бұрын
We unpack this specifically in an upcoming pod where I summarise all the market deep dives we did to a clear ‘here’s where I’d be buying now’
@RealWorldNews-oj3fk
@RealWorldNews-oj3fk 3 күн бұрын
Please share the 2nd episode
@AusPropertyRedom
@AusPropertyRedom 3 күн бұрын
Sorry releasing soon, just got it. Should be out tomorrow this time
@jobyjob_memoriesof1985
@jobyjob_memoriesof1985 3 күн бұрын
Like many of you may dream, I dream of a future where the Australian outback turns green, and new cities getting developed there. And new houses built there with some new technology, at a much cost effective manner, yet resilient to fire, floods, heavy winds etc... I am damn sure, they will be affordable and should be affordable. I am tired of seeing people sleeping on footpaths, in caravans, in tents.😢 Everyone deserves a dignified life. After all, governments should be for the poor and downtrodden and not for the so called "wealthy" (who became so by unfair means). N.B: Almighty also should take the same stance, and be with the poor and not with the mighty 😂
@AusPropertyRedom
@AusPropertyRedom 2 күн бұрын
Definitely worthy goal - so much land that can be turned into affordable housing supply.
@dnickaroo3574
@dnickaroo3574 3 күн бұрын
Both China and Japan are selling off US Treasuries, because they continue to fall in value. The US is attempting to force its “allies” to trade with $US. Saudi Arabia sells its Oil for Yuan (because the Saudis do not want the $US which depreciates in value).
@AusPropertyRedom
@AusPropertyRedom 3 күн бұрын
Makes sense with so much debt funding deficits coming in the US!
@LifeFactsOfficialPage
@LifeFactsOfficialPage 4 күн бұрын
Part 2?
@AusPropertyRedom
@AusPropertyRedom 4 күн бұрын
Tomorrow hopefully!
@RD-uw6tq
@RD-uw6tq 4 күн бұрын
Can ya give us a hint for the Melbourne suburb - north of Melbourne did you say 😅
@AusPropertyRedom
@AusPropertyRedom 4 күн бұрын
Dropping tomorrow!
@MuhammadAshraf-bz4eo
@MuhammadAshraf-bz4eo 3 күн бұрын
@@AusPropertyRedomWaiting for that too. Please share about North of Melbourne that you mentioned for investing early in the cycle 😊
@CodeMeat
@CodeMeat 5 күн бұрын
My friend in Bris is quite wealthy now. He bought a luxury mansion around 2014 for about $1.3 million, and just a few weeks ago, he sold it for $3.3 million, making a $2 million profit over 10 years. Interestingly, just six months ago, a neighboring mansion in an even better location and more luxurious than his sold for $2.4 million. All the buyers of his house were Chinese immigrants or investors. He feels that if prices keep rising like this, Bris’s future is doomed, as few people will be able to afford homes. So, he’s planning to move to Mel
@AusPropertyRedom
@AusPropertyRedom 4 күн бұрын
Very interesting, cashed up brisbanites will be common after this monster boom! It can often trigger a second wave boom in more exxy markets too as people upgrade there after selling. Lots may move to melb from housing values being pretty good value (esp from Adelaide!)
@ravikr1980
@ravikr1980 5 күн бұрын
Thanks for the video mate, looks like the new immigrants arrivals is far more than dwelling completed in Perth. So the prices may not go down as they need 10k to 15k homes every year for new immigrants
@AusPropertyRedom
@AusPropertyRedom 5 күн бұрын
Yeah for sure, demand is much higher than supply for now. There’s a lot to go for a while yet. The start of the construction cycle will help add to supply in a year or two though.
@vikramsidhu1568
@vikramsidhu1568 6 күн бұрын
Trump - China⬇️- Perth mining ⬇️- housing probably ⬇️ See how it goes .. No body knows future…
@AusPropertyRedom
@AusPropertyRedom 6 күн бұрын
I like the thinking! I added one additional thing that says China export industries down, China stimulates and China steel importing up
@magicdeaths
@magicdeaths 6 күн бұрын
Perth was stagnant from 2007-2022. It’s pretty much a fundamental rerate for 15 years of no growth. If you look at the 10ya pa growth figure it’s still under 4% pa while other cities are at 6-7%. I have a feeling the cheaper end of the market is overvalued and investors are now moving into the more premium areas + larger houses for value. Compare 4bed(all) to 3bed house growth on sqm research.
@AusPropertyRedom
@AusPropertyRedom 6 күн бұрын
Great analysis. Yes that makes sense, that market is up a lot too! There’s more room to run, the demand > supply balance is still there. There’s construction cycle has started up again and all else equal, will slow down growth rates to normal levels again once that supply hits market. That’s a year away so growth rates will gradually normalise to something sustainable
@juliav8939
@juliav8939 7 күн бұрын
@AusPropertyRedom At 10.21 mark the chart is of Adelaide of weekly rents
@AusPropertyRedom
@AusPropertyRedom 6 күн бұрын
Great pickup my apologies Can find it here sqmresearch.com.au/weekly-rents.php?region=wa-Perth&type=c&t=1 Perth rental growth slowing down a lot. I’ve done another video on rent slowdown across Australia on the channel too
@sushigangstaa
@sushigangstaa 7 күн бұрын
Ponzi
@fergusonpeattie5242
@fergusonpeattie5242 7 күн бұрын
Hi there. I am looking at buying an investment property for 510k max including stamp duty and misc. What state should I be looking at? cheers
@AusPropertyRedom
@AusPropertyRedom 6 күн бұрын
Is it your first investment property?
@patrickdiloreto9056
@patrickdiloreto9056 6 күн бұрын
Bali
@fergusonpeattie5242
@fergusonpeattie5242 6 күн бұрын
@@AusPropertyRedom yes
@AusPropertyRedom
@AusPropertyRedom 6 күн бұрын
@ferguson I’ve tried to answer this in an upcoming video as a ‘what would I do’ after going through every area Melb, lots of different type of areas and surprisingly Darwin are interesting areas to look at. Sometimes buying where it’s not hot is best, especially at this later point in Perth cycle. As mentioned in video, I think perth will do well over the next 6-12 months though.
@fergusonpeattie5242
@fergusonpeattie5242 6 күн бұрын
@@AusPropertyRedom Okay great Ill watch the next video cheers
@g-funk484
@g-funk484 7 күн бұрын
people are selling because they cant afford the repayments anymore, wait until prices drop and every one ends up in negative equity with all these over priced sales, soon there will be more properties for sale then buyers and we will see a massive price drop thats when you will have people wanting to sell so they dont lose out even more, the crash will happen its just a matter of time, average 3x1 property in perth was about 380k and no one wanted them, now 650k,just like toilet paper "shortage" people lost there minds these homes are not worth these prices at all the shortage is an illusion, unemployment will sky rocket soon
@AusPropertyRedom
@AusPropertyRedom 6 күн бұрын
Unemployment will do it, something needs to change the demand balance. If that happens, there is a lot of supply coming. Unemployment coming will do it! Right now the jobs market and leading indicators to it are very strong though. Why do you think unemployment is coming,
@g-funk484
@g-funk484 6 күн бұрын
@@AusPropertyRedom Same reason it happened in 2008, everyone borrows more then they can afford, banks are greedy and give out loans to people who cant afford them which will be the same result, investors just want profit but people cant afford to pay $700 a week on rent forever
@AusPropertyRedom
@AusPropertyRedom 4 күн бұрын
@@g-funk484 ah yes that could happen. To be fair, we are quite susceptible if this does happen too, prices are catered to employment being nearly full and everyone having jobs now. Its pretty much impossible to meet current mortgage payments without jobs.
@Michael-y7k2k
@Michael-y7k2k 4 күн бұрын
Unemployment isn’t slowing, it’s in the Government’s best interest stimate the economy by approving more and more construction, actually we can’t get enough workers to complete the work needed to be completed. It’s Perth’s time to boom, Sydney and Melbourne have had their day of massive growth.
@AusPropertyRedom
@AusPropertyRedom 3 күн бұрын
@@Michael-y7k2k Perth is on fire and it will be the no1 state for a while yet! It should smash Sydney and Melb growth rates for the next 12-18 months at least, and really 3-10X the growth rates over a 4 year period of both of those cities (10x Melb!) Its shining BRIGHT. Listings going up is pretty normal part of cycle when prices rise so much...people begin building and selling with higher prices on offer.
@JunhyunPark-q3r
@JunhyunPark-q3r 7 күн бұрын
Great video mate! If you are first home buyer, would you buy the house in Perth now?
@AusPropertyRedom
@AusPropertyRedom 7 күн бұрын
Do you live there? If so, then most likely yes, especially if there’s grant benefits. If just purely investing, then there’s likely other areas now ahead. But Perth will likely win growth rate numbers over the next 6-12 months
@Lukaovic1111
@Lukaovic1111 7 күн бұрын
Awesome video mate! Love watching your videos and reading your comments on property chat! Would love to hear your comments whether Brisbane is a hold? If so, for how much longer should we hold? Thanks!
@AusPropertyRedom
@AusPropertyRedom 7 күн бұрын
Thanks mate! I did a Brissy video just like this one a couple weeks back - has my full view there. + the jobs video I did too. Overall Bris isn’t a sell IMO and in many pockets, still a BUY. Strong fundamentals. I’ll hopefully do regular videos as things change - how much longer to hold will depend on your own circumstances, but for now, I’d be holding on for sure! It may slow down in growth though for this period ahead, much like the rest of Aus
@meteora8888
@meteora8888 8 күн бұрын
Wouldn't house prices increase with higher inflation and more money supply?
@AusPropertyRedom
@AusPropertyRedom 7 күн бұрын
Theoritically: More government money being spent in a high inflation environment, higher interest rates to offset, higher price of credit will slow down credit creation.
@meteora8888
@meteora8888 8 күн бұрын
Excellent explanation and analysis. Thank you 👍
@AusPropertyRedom
@AusPropertyRedom 8 күн бұрын
My pleasure! Thank you
@EdBarton31
@EdBarton31 8 күн бұрын
Inflation increases property prices.
@AusPropertyRedom
@AusPropertyRedom 8 күн бұрын
Yes in some areas, particularly affordable segments. Hard assets can win out of it. Delayed rate cutting could impact some cities more than others though - syd and melb
@jobyjob_memoriesof1985
@jobyjob_memoriesof1985 8 күн бұрын
😂😂😂😂. Is that true 😂 If so, Trump is going to do some justice somewhere at least in real estate (fake estate ) 😂
@AusPropertyRedom
@AusPropertyRedom 8 күн бұрын
Lollll!
@Nick-gu2xb
@Nick-gu2xb 8 күн бұрын
Clickbait nonsense. Don't waste your time watching this
@AusPropertyRedom
@AusPropertyRedom 8 күн бұрын
Thanks for spending your time writing this 😂
@southern-sunshine
@southern-sunshine 7 күн бұрын
@@AusPropertyRedom He cant draw conclusion without watching it - right ?
@michaelthegreat44
@michaelthegreat44 8 күн бұрын
what a load of crap...
@jeanvonbarberode2377
@jeanvonbarberode2377 8 күн бұрын
The houses in Australia will never drop under the price of new homes, so dream further! The Trump will have a little impact on AU economy.
@AusPropertyRedom
@AusPropertyRedom 8 күн бұрын
Very possible - it could be nothing/very small. So much uncertainty and indirect impacts too
@jobyjob_memoriesof1985
@jobyjob_memoriesof1985 7 күн бұрын
Pack of cards has to fall at one point. This cannot go over natural laws..
@williamcrossan9333
@williamcrossan9333 8 күн бұрын
Look, I'm seeing genuine damage, that this Australian property market to doing to peoples lives. I don't see prices falling as bad news. To be realistic, they need to fall.
@AusPropertyRedom
@AusPropertyRedom 8 күн бұрын
Fair point - there’s winners out of higher rates for longer paradigm for sure
@Lesterthebeet
@Lesterthebeet 8 күн бұрын
Sure sure sure. Cya in 30 years spinning the same yarn fellas.
@AusPropertyRedom
@AusPropertyRedom 8 күн бұрын
Haha I love property - buying assets generally good hedge against inflation too
@parnis007
@parnis007 8 күн бұрын
This guy lost me when he used the ABC as a source of information. Next they'll blame Trump for global warming and the price of milk. Trump Derangement Syndrome is now a pandemic
@AusPropertyRedom
@AusPropertyRedom 8 күн бұрын
Haha this was an anti trump video or even anti trump policy video. Just trying to play out what tariffs and bigger deficits could mean for Aussie property - which is quite far removed. There could also be a trump growth spurt from great economic management that spills over to the world too.
@graduai
@graduai 8 күн бұрын
Shit i mean if your thinking about selling GG's but if your trying to buy its good
@AusPropertyRedom
@AusPropertyRedom 8 күн бұрын
True! There’s winners and losers from big changes like these. Some markets may do well from it too
@graduai
@graduai 8 күн бұрын
@AusPropertyRedom sad thing is that my family's trying to sell right now 😪
@AusPropertyRedom
@AusPropertyRedom 8 күн бұрын
@@graduai I dont think this will be like an immediate bad news kind of thing...if anything in the really short term assets could rise a little! I dont think that'll apply to property so much though. Where are they selling? Most markets are at their peak doing pretty well!
@graduai
@graduai 8 күн бұрын
@AusPropertyRedom it's doing well at the moment and selling large amount of property north of Brisbane
@AusPropertyRedom
@AusPropertyRedom 8 күн бұрын
@@graduai brisbane, up 75% in 4 years! Goodluck to your fam, i think they'll do very well :)