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@cocosilkwormАй бұрын
I also totally agree with you that it's no longer about what the average person can afford that dictates the market and while it's possibly that they are bringing in some educated immigrants who are able to invest, I think it's probably also money from offshore REITs. Get a group of billionaires together and they can probably buy a whole country if they wanted to.
@emp731Ай бұрын
any allegiance, obedience or adherence to foreign powers is considered Treason in Australia. Foreign billionaires who have objectives would be considered a foreign power and should be prevented under constitutional Law.
@williamcrossan9333Ай бұрын
This never ending property boom is really pissing me off.
@nq6417Ай бұрын
I sat on the side for 10 years renting and got involved in 2017. I’m glad I did because that feeling of being left behind sucks. Yes it’s a rigged system IMO and the gap between rich and poor is going to continue to widen. Get organised financially and you can benefit from it bud. The liberals are prop property and they will get in next year for sure. It’s only going to get worse if your not owning property soon
@paulscaturchio3682Күн бұрын
it will bust... relax...try 18 months
@nq6417Күн бұрын
@ It want bust and it’s 3 years till a pullback, which will occur because of prolonged high rates. There is no reckoning coming. It’s a rigged system with the biggest gambler at the table, the Australian government, with very deep pockets to continue playing another hand.
@williamcrossan9333Ай бұрын
The part I don't get, where is all this money coming from, to pay such high prices for properties? I don't get it? Borrowing capacity is so tight for average wage earners.
@AusPropertyMasteryWithPKАй бұрын
@@williamcrossan9333 there’s enough people with a lot of wealth
@AusPropertyRedomАй бұрын
Great qn, so many more people in Aus. Some of the data has a replacement going on, from overleveraged Aussies to those with less debt
@skyzablue79Ай бұрын
Great podcast...no bullshit. Very intelligent and passionate pair... great to see this positivity in the next gen for Australia. Hopefully PK can bring some learnings back to Oz.
@TingedarkensawАй бұрын
How much do you need to make per annum to buy property through trust ??
@AusPropertyMasteryWithPKАй бұрын
@@Tingedarkensaw depends on the debt side of the equation too
@TingedarkensawАй бұрын
@ say 80k salary per annum how many properties can be bought ? Roughly? The lady you had on interview about this says on post 70k per annum she bought 3 props?-- which are the lenders that allow for this ? That accept that accountant letter
@williamcrossan9333Ай бұрын
@@Tingedarkensaw Borrowing capacity is generally 4.5 times income at best, for lower income earners. Borrowing capacity is so tight. I'm not understanding at all, how someone on 70K is buying 3 properties in 6 months.
@AusPropertyMasteryWithPKАй бұрын
@@Tingedarkensaw which lady?
@dp1031Ай бұрын
What about the reduction in student immigration that has reduced apartment demand seen some areas close to universtites?
@williamcrossan9333Ай бұрын
There's been no reduction. There's been talk of a reduction. That reduction hasn't happened yet.
@tysonrolls9713Ай бұрын
The bubble is popping
@cocosilkwormАй бұрын
Just today I was looking and found a few suburbs where units went from $350K - $560K in the last year or two and my thought was "who said you can't make capital gain in units?" and now I just found this latest video of yours speaking about just that. And my thought was that it's just that average people trying to get into the market just cannot afford to buy houses anymore so they are being forced to take units instead. And as you say, they are not building more quick enough.
@jez0084Ай бұрын
Pretty sad state that the country is in if that's what we're reduced to.
@AusPropertyMasteryWithPKАй бұрын
@@cocosilkworm the housing shortage is so intense that even units are rising now
@SPL88Ай бұрын
what people don't realise is that Australia is still considered 'cheap' and great value for the middle to high net worth community from Asia and there's lots of money there.
@AusPropertyMasteryWithPKАй бұрын
@@SPL88 yes
@Enigma007116 күн бұрын
from where you will bring the population density demand that exist in Asia?
@davidnorton7464Ай бұрын
Victorian prices have been flat for so long that there's only way to go. Other states have peaked and Victorian immigration into Qld usually has a 50% return so wait for those people to bring their money back to Victoria
@jamesm6341Ай бұрын
Pk you haven’t considered impact from job cuts coming from humans replaced with Ai digital employees.
@GoodGuyforacause21 күн бұрын
Banyo in Brisbane going up … surrouding suburbs are all up and above 1.2 million
@AusPropertyMasteryWithPK20 күн бұрын
@@GoodGuyforacause very much so
@peterkirgan292116 сағат бұрын
I can only say one thing mate ! It's absolutely buggered! I dont have to worry about it! I'm ok because it's called inheritance!!!!! Lol
@chookie131Ай бұрын
Great video as always! Have you moved to the US now?
@AusPropertyMasteryWithPKАй бұрын
@@chookie131 we have another PPOR here. But still have our GC PPOR. Want to get one in the UK too.
@chookie131Ай бұрын
@ 😀🫡 well done! Credit to you
@gglendormiАй бұрын
Missed Mackay, Townsville, Gladstone as I couldn't get in with too many offers. Buy Darwin before it ends the same way.
@gglendormiАй бұрын
Talked to manager and building inspection guy they both said that big buyers agentd are buying
@williamcrossan9333Ай бұрын
What a horror story.
@sererainbow8143Ай бұрын
Could you get an auctioneer on and ask who is buying the homes. The government is lying.
@AusPropertyRedomАй бұрын
Just two property nerds having a chat 😅
@sererainbow8143Ай бұрын
PK, are you buying property in the USA.
@AusPropertyMasteryWithPKАй бұрын
@@sererainbow8143 already bought 12m
@kuracodovce7514Ай бұрын
Anyone have a time stamp where he might chat about WA?
@AusPropertyRedomАй бұрын
Around 37.00
@AnandKumar-p9zАй бұрын
The rich people from overseas will buy houses. the Australian will rent on their house.
@sererainbow8143Ай бұрын
You might be making money in Perth, but you are getting in the way of people in Perth being able to own their first home, not enough houses.
@AusPropertyMasteryWithPKАй бұрын
@@sererainbow8143 please vote for the greens then
@sererainbow8143Ай бұрын
@AusPropertyMasteryWithPK compassion
@Rodda1983Ай бұрын
@@AusPropertyMasteryWithPKgreens will screw the country in other ways. They are not the answer.
@SammyBoyy300Ай бұрын
Stop overseas buying for 5 years and charge even more to own properties if you don't live here
@vick82sydneyАй бұрын
Do you have US citizenship?
@gglendormiАй бұрын
What is your plan in The USA PK? Staying there for a while ?
@AusPropertyMasteryWithPKАй бұрын
@@gglendormi The idea is to create multiple bases to give choice and freedom
@gglendormiАй бұрын
Great! That s my goal as well between France Taiwan and Australia.
@AusPropertyMasteryWithPKАй бұрын
@ all the best with it!
@gglendormiАй бұрын
Another question, you mentioned about a possible long consolidation after the current boom. Y Do you have a plan B for your consulting business if RE become dull ?
@AusPropertyMasteryWithPKАй бұрын
@ two things: there will always be suburbs that grow at double digits annually (even through the GFC these existed). The market is not one homogenous beast. 2) I don’t rely on business income. I have $200-300k passive income. Business is fun. I enjoy RE as you can hopefully tell.