Negative gearing is the equivalent of government investment in housing. If they get rid of it, I doubt any of the savings will go towards the government directly investing into housing. It'll be used for other unproductive purposes.
@viniciussrs1003 күн бұрын
PUT MONEY INTO YOUR SUPER GUYS, no bs from greed real estate agents, no stress from tenants trashing the property... no concerns about monetary/fiscal policies, insurance, maintenance, etc... most of top tier super yield more than 8%... this more than double in 10y, rustle and stress free
@rohanhall-dq9ij4 күн бұрын
If interest rate do drop only the people who can afford will take advantage of it, and people looking for the 3rd or 4th property investment.
@aron.gortman2 күн бұрын
Depends on what happens to NG and CGT.
@JatinderSingh-d5t4 күн бұрын
Buy buy buy Interest going down 😂😂 House prices are going up to moon ..
@bradwatson87634 күн бұрын
Mass immigration by cashed up buyers are a very major problem for Australia and Australians. Immigration must stop immediately. Our government is creating a property pyramid scheme. Immigrants must be very careful buying in this pyramid scheme because they will get caught out. Property prices are 13 x the average incomes which is 400% higher than what is financially viable. People will eventually just quit their jobs and leave this country. Because it’s unsustainable.
@Hunty494 күн бұрын
Banks do what banks do to profit for themselves. They don't care about you, you are the product that makes them money for their shareholders. Property prices are rising because of the law of supply and demand. Mass immigration of 750,000 immigrants in the last year while we make 165,000 houses per year. Low supply and high demand has created the housing boom. Even "high" interest rates couldn't even slow demand for houses. Will interest rates drop? Of course. But the economy isn't weak because these immigrants also use goods and services, which is keeping inflation high. The only thing that could weaken the economy is when the immigrants can't afford to live in Australia and decide to leave. Depopulating is what we need, but it will trigger a recession because immigration is a bandaid on a stab wound for the economy and once you rip it off, it will bleed out.
@JungleBJJTeam4 күн бұрын
Your a buyer's agent your never going to say it will go down when we get Deflation as a result of rate cuts explain how that will raise prices? And another thing we haven't got enough property is a fallacy too much immigration has proped up a Ponzi scheme.
@troubleabout51374 күн бұрын
Stop overseas investments in housing
@MisterX-er9si4 күн бұрын
Some banks reduced the interest rate for fixed mortgages to align with variable rates and nothing more. Most people have variable rate mortgages. Even if RBA reduces interest rate, it will not be twice or threee time lower, the maximum they will go it is going to be 0.5% which is nothing..
@aron.gortman2 күн бұрын
Rates will go down to 3-4% or so. We won't see the insane covid free money craze for a while.
@captainkesh4 күн бұрын
What does it mean? Asset price inflation, services inflation, core inflation back on the agenda. Stagflation. The worst scenario to be in. Growing wealth disparity and all kinds of social problems.
@mikerowe38494 күн бұрын
Yes it must go!
@Trying3915 күн бұрын
If there dropping rates It means no jobs no income no money no investors 😂
@aron.gortman2 күн бұрын
The only way to make money in this country is getting in on the property ponzi.
@zenmachine505 күн бұрын
property prices used to be about 4x the average wage, they are now 13x real wages. way over valued. even if interest rates were to drop I still wouldn't be paying 14x the average wage for a property
@Peter-zv4dx5 күн бұрын
Its ok .. keep renting
@Garden-offgrid4 күн бұрын
Keep renting if you wish. It’ll be 50x the average wage eventually. The sooner you do it the better off you’ll be in 10/20 years time. Imagine not already having investment properties when the rate cutting cycle starts🤯
@lengerer4 күн бұрын
Depends greatly on your figures. You're using min wage and maximum house price. My employees in Melbourne in construction earn around 100k. 130k with overtime. A double story townhouse in Melbourne costs 650k. That's 6x wage. Now if you use a McDonald's employee earning 50k and a inner suburb house worth 1.5 million your numbers are terrible. Don't fudge the numbers in your favour
@Garden-offgrid4 күн бұрын
@@lengerer exactly. They will always continue to play victim though…. Just wait until their theories calculate st 50x, they will hate property owners a lot more 😂
@bradwatson87634 күн бұрын
@@lengerersounds like you’re inflating figures buddy? As a tradie in Sydney plumber my highest income earner for a financial year was $75k all these people saying tradies are earning over 100k+ is talk-in out their arse! Subbies might be making 100k on the books but they are paying gst vehicles and insurances. Only government workers are earning 6 figures a year, everyone else is getting screwed! We have immigrants coming in with $3.5 million given to them by their governments plus Australian immigration right. How do I know this ? I sold new homes to many immigrants from china India and Nepal and they were all immigrants who had $3.5 million usd in cash. This is the problem they aren’t buying 1 property they were buying 5-6 properties and most of them were house and granny flat. It’s an invasion not immigration!
@stephen39665 күн бұрын
Also housing demand is dynamic. Unlike food is essential, when property prices are in a downturn, there will be much less demand for buying houses. This observation is seen during the recent property bubble burst in China and Hong Kong.
@rohanhall-dq9ij4 күн бұрын
Except there is rarely if any downturns in house prices in Australia, and at most a would be 5 to 10% downturn followed shortly there after by 50% gain which occurred during the Covid period.
@stephen39665 күн бұрын
The graph of interest rate relative to house price is deceiving as always there is other external cause that shift the house price. This is called cofounding factors. One cannot tell which factor comes first.
@Soundmaster915 күн бұрын
Yeah he said basically this in the video. Did you even listen to what he said?!
@Eve_Marian5 күн бұрын
Does it bother you that house prices have tripled in the last 18 years?
@Eve_Marian5 күн бұрын
Is this good or bad news?
@harrytran71805 күн бұрын
Thanks for sharing the true informations✌️
@crazyham5 күн бұрын
My friend, you can drop the "s" at the end of Informations. Information still works for lots of information 🙏 This comment is meant with good intention. Cheers from Emerald Victoria 🇦🇺🙏🇦🇺 (Thanks for sharing true information) would be a suitable way to express that.
@matteobombonato58405 күн бұрын
Why did you delete my comment in your previous video mate. your GREEDY and SCAREMONGERING people. SHAME ON YOU MATE !!!
@victoriacorcoran12585 күн бұрын
Higher for longer mate, deposit rates quite competitive this week.
@ketoman40575 күн бұрын
There isnt a shortage in some Melbourne subsurbs like Essendon where property prices are relatively low compared to other cities....
@crazyham5 күн бұрын
Absolutely. It is a very dynamic system yet of course if you are in for the long haul then you will experience something close to the average property value growth in Australia more broadly. When certain underperforming areas stay too low for too long they eventually become an attractive/ affordable entry point into the market and as more people follow suit, suddenly that area Booms. Like Perth, W.A for example.
@Jake.steve36585 күн бұрын
Stop trying to prop up prices . Interest rates will remain high for long time average rates of 6.5% for the next 5 years.
@crazyham5 күн бұрын
Who knows? Stop suggesting that someone is trying to do something that they may not be trying to do. This channel has No Influence on the RBA lol
@robguz10074 күн бұрын
mate you don't know either 😂
@rohanhall-dq9ij4 күн бұрын
Remember guys, people that run an investment channel like this guy never want to see interest rates rise or their property values fall.. It's not good for their investment returns.. That's pretty obvious isn't it.
@aron.gortman2 күн бұрын
They are going down in 2025.
@crazyham2 күн бұрын
@@aron.gortman We don't know the future ofcourse but I tend to agree with you that it's likely the cash rate will be lowered soon.
@Keepmywifesnameoutyafucknmouth5 күн бұрын
I love this chocolate face
@asifulzead5 күн бұрын
Banks cant afford tp have a housing crash maybe they are predicting a pressure
@srinathKC5 күн бұрын
Interest rates reduced for fixed rates not for variable rates. What is the use.😅
@Beat.Wonderful5 күн бұрын
They reduce fixed first so they can lock in uneducated people in at that rate. Eventually variable will be lower than the fixed some locked themselves into 😂
@rabidsminions20795 күн бұрын
Fixed rates change first due to competition, the banks know rates will come down in the near future.
@crazyham5 күн бұрын
@@rabidsminions2079Spot On 💪
@moak085 күн бұрын
You have to be stupid to lock in now
@zenmachine505 күн бұрын
sounds like BS to me...
@sammyjones35005 күн бұрын
You're forgetting the flowons from investment property value. They reduce and bring the whole property market values down.
@Tiago-qv9lr7 күн бұрын
Are you listening to this PK??
@peterforsyth9627 күн бұрын
Stop spruking and get a real job. The Property Ponzi is close to the end🎉🎉🎉🎉🎉🎉🎉🎉🎉
@zenmachine507 күн бұрын
do the numbers folks. westpac has some great mortgage calculators on it's site. Price is 13 x average income. forty years to get a $200,000 or more deposit. People starving to pay interest on loans. the fact is despite the shortage of properties and all the tax perks nobody can afford to pay the prices vendors are asking. tick tick tick.... just a matter of time
@RobertChaplin-m7b8 күн бұрын
What worries me the most is the level of actual intelligence being displayed by our governing politicians. Simple self preservation for the voting needs to retain government at the next election seems to be the only obvious answer to Labor’s current thinking and to me. So Labor thinkers please I want, perhaps need, some factual, intelligent and relative help here please.
@HelloMyMan19 күн бұрын
Guys think about it, Population growth is because of immigrants coming in. ITS BECAUSE OF IMMIGRATION our property prices are sky rocketing, we've got to stop immigration
@actualfacts1234-m1r9 күн бұрын
Now if he also owns other investments producing investment income he can claim the losses from the first investment against that investment income as well, but his salary is not investment income so is it fair that he can claim losses against that income ? If the government wanted to crack down on negative gearing surely excluding salary income would make sense and not investment income from other investments.
@vidabiukaghaee83859 күн бұрын
I’m hate you start with negative announcement …. I’m actually unfollowing this kind of channels 😔
@markthompson258011 күн бұрын
we need to start stopping immigration so we have enough housing for Australians
@markhayleybeadon11 күн бұрын
Anti money laundering rules don't apply to real estate, accountants and lawyers. There's ya problem.
@Brunomills11 күн бұрын
What about considering those that have multiple investment property, might sell a few. Therefore distributing to those that are getting their first property....
@peterforsyth96211 күн бұрын
Another property spruking CLOWN...biased nonsense....alarmist trying to scare new owners signing up as Lifetime Bankslaves.. Wait, there will be a significant reset of ATO Tax benefits!!! Shameful 🏘🏘🏘🏘🏘🏘🏘🏘🏘🏘🏘🏘🏘🏘🏘🏘🏘🏘🏘🏘🏘🎉🎉🎉🎉🎉🧨🧨🧨
@joekeegan-yc4nm11 күн бұрын
So nothing has changed in real estate, some loose some win and some miss out same same.
@exploringoptionsabroad11 күн бұрын
Quick built houses will always suffer longterm maintenance, riddled with issues. Entire suburbs of that do exist already. Every time when the state initiates these phases, we can see that 2 weeks after the prices rise for the exact amount. The stampduty increases everytime. Who is the winner? Who is the loooooooser?
@philipchan487111 күн бұрын
We have too many badly built overpriced apartments in Sydney. It is a supply of affordable housing and affordability to keep your nest issues.
@trythis282111 күн бұрын
Why the scary headline talking about property market storm then go on to say how you believe house prices are going to rise. Most important points to me are immigration is high, building approvals are down, foreigners are allowed to buy Australian residential houses. If interest rates remain on hold or come down, it is very unlikely prices are going to crash. Victoria is a bit different due to land tax cash grab to prop up government mismanagement.
@InfinityIsland220311 күн бұрын
The guy is a habitual click baiter
@basicattentionwoman578711 күн бұрын
Because a year ago the interest went up
@madhukyatham11 күн бұрын
Hey Nero, if you know more about property market, Just tell me one thing when exactly nterest rates gonna go down? You , PK and Ravi and all other youtubers just read the articles from someone published, show us your own analysis and the data you collected. Please 😂😂😂😂
@manflynil975112 күн бұрын
The average house price is $959000. To show how much the price must increase in one year just to break even if the property is sold, using the average Aussie house price of $959,000 with a 10% deposit, factoring in opportunity cost of deposit, mortgage insurance, maintenance, stamp duty and annual interest only payment at 6% of principle, council rates and home insurance the home owner will have an annual cost of around $100,000 a year. Which means that in order to sell the house, including sales commission, conveyancing and marketing of say 3.5% of home price, the house would need to rise in value in the first year alone by roughly $140,000 to achieve a selling price $1,100,000 just to break even. Does that sound like a great investment to you?
@InfinityIsland220311 күн бұрын
You make a good point but one important factor in house price growth since Labor is foreign buyers who don't have cadhflow problems.
@manflynil975111 күн бұрын
@@InfinityIsland2203 that's true. But if they are cash buyers, we can calculate the costs of ownership simply by replacing mortgage and mortgage insurance with opportunity cost of capital. So compared to $959000 cash left in the bank at say 5% p.a, home ownership is still costing $47545 a year right off the bat excluding the other costs that add roughly 3% of the home value p.a. That means that the property must rise in value at least 8 or 9% , compounding , a year just to break even, compared to ETFs which may yield say 7% net. So still a dicey investment with that amount of money IMO.
@JT-su7fd7 күн бұрын
It makes a lot of sense to me (if the asset is held over the long term, and it is bought smart and at a good price). Factor in rent + tax deductions, and the ability to leverage principal to buy the property in the first place, and then recycle debt+deposit+equity to do it over and over again. I think that property is a great investment if you can see the big picture.
@manflynil975112 күн бұрын
"Household Wealth" , I take it that the definition includes the expected price of householders' property? Which means that household wealth would of course rise as mortgages are paid down going forward. But how do we reconcile Household Wealth with Australia having the world's highest Household Debt per capita? Because taking these stats at face value becomes meaningless if there are no clear definitions and links between important statistics.
@Jake.steve365812 күн бұрын
Rubbish channel. He wants yr views. When prices go up so much why u expect more growth in a bubble . . Fear factor. That's what they want