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@eynon976Ай бұрын
This trend is so obvious to see here in Perth especially in the Rockingham/Baldivis region. Majorly over priced. Locals know these are areas to stay away from, but I can see how from over East this area could look apealing on a map, but maps dont show crack pipes.
@timeisnow9855Ай бұрын
I live in Melb but have family in Baldivis.... honestly the crack problem over there has nothing on Vic. That said the drug problem is all over the country.
@michaelhermans4753Ай бұрын
This video is more about buyers agents than long term trends as shown in the thumbnail The truth is NO ONE KNOWS, that said the TREND is your FRIEND, if most fundamentals look like a buy, then BUY but watch it like a hawk and get ready to jump out I remember Sydney advisers saw the last Perth boom, and watched it rise 80% over a few years, all the while saying “this can’t keep going “ Those so called experts are calling a crash now TRACK RECORD is EVERYTHING If you’re not sure what to believe, just go back in time and see what they were saying a few years ago
@nq6417Ай бұрын
Getting a track record is usually very hard or impossible, unless it’s a record that truely supports there process of course. I find the best strategy for me is to think that everyone that’s trying to sell you anything, whether it’s a BA or a course, is to be treated at arms length until THEY prove there worth to you. That method slows you down and makes you a lot more discerning. Long form podcasts are helpful these days but it’s only the icing on the cake
@crazyhamАй бұрын
I have been thinking things will normalise and Brisbane, Perth & Adelaide will drop rapidly. My friend in QLD is in real estate and she says that a lot of the properties are not valuing up from the banks persperctives.
@srinivasdumpala637Ай бұрын
Current prices not worth in Brisbane for sure
@crazyhamАй бұрын
@@srinivasdumpala637 Agreed 100% I think Melbourne may well play a massive catch up in the next two to three years.
@seriousjoker8472Ай бұрын
@@crazyham bank valuations are coming way off in Melbourne, my friend went to buy a property for 840, valuation came at 7,60.
@crazyhamАй бұрын
@seriousjoker8472 Very Interesting.
@patrickbellot156Ай бұрын
@@crazyham Google 'Victorian Government Debt' and 'Uninvestable Victoria'
@industryinsiderbuyeragentsАй бұрын
Any buyer agent that makes an investor or home buyer rush to make a decision on a property in 3-4 hours is actually acting as a selling agent. Due diligence, with contract reviews, building and pest inspections, a detailed report on the pros and cons of the property and a detailed evaluation of other sales should be provided to the client of the buyer agent. Ask for experience before hiring a buyers agent, ask for a list of their recent purchases in the area. Ask to speak to their past clients around their experience with the buyers agent.
@williamcrossan9333Ай бұрын
Yeah, I think this tripling of buyers agents since covid is a massive problem. They're largely careless with their clients money.
@funkzsnoopyАй бұрын
Thank you PK. A little less longer video will be highly appreciated. 😁
@kylo9534Ай бұрын
If you can’t find the time, don’t expect a dime
@emp731Ай бұрын
@@kylo9534 If you waffle on then you are wrong.
@nq6417Ай бұрын
@@emp731 stop trolling dude.
@koalabear1133Ай бұрын
No one talks about how the AUD has lost 50% of its value verses the USD or Swiss Franc. If your house price has gained 100% in 10 years in AUD it is an illusion, it has gained no valued in USD or Swiss Franc.
@ThePericopeАй бұрын
This simply isn't true, its simple maths. Buy for 400K, live in, sell 8 years later for 850K, now minus fees and CGT you have a tidy profit, re invest or enjoy the well earned money.
@earthlymatters888Ай бұрын
Its not profit whatsoever. Its inflation adjustment. The profit is just an illusion.the money you "profit" buys the same amount of stuff as it did before the "profit" @ThePericope
@thomasbiley5463Ай бұрын
@@ThePericope except that now you have nowhere to live
@robgreen2299Ай бұрын
@@thomasbiley5463 Exactly.
@funkyguy997 күн бұрын
@@ThePericope your measuring it in terms of it's nominal value but the true value is what you can actually get when you spend your dollar. For instance, if your property goes up to $850k and it is a 3 br house. Try buying another property after you sell and see what $850k can buy you. It may only buy you 2br house since every house in the market have increased in dollar value but your purchasing power buys you less.
@rpmx9699Ай бұрын
Has anybody here actually been to a home in open in Perth recently? Whether it´s to buy or rent, the supply-demand inbalance is real, and it's not about to drastically change next year.
@Spring4life-i3eАй бұрын
Yes, I went to a beautiful home open today. The real estate agent said this is the third time they’ve opened it, with only one offer, but it’s subject to the buyer selling their home. Many investors have left, and only locals are buying now at the peak. Things are definitely slowing down. I also saw a few houses that had offers but are now listed with prices again, and no one is buying. Vacancy rate was 0.7 now at 2% Soon there will be more houses for rent as Wa is extremely expensive to rent people rather go to Melbourne
@rpmx9699Ай бұрын
@@Spring4life-i3e Wow, mind if I ask which suburb? My experience has been very different. I recently attended a home open where 60 groups went through on the Saturday, and there were 10 offers by Monday morning. I also just rented a property in Bunbury - 18 applicants came through over 2 home opens. I was asking about $50 above rental evaluations, it was rented within a week, for more than what I was asking.
@TheJuanurrutiaАй бұрын
Everything goes in cycles but never will go in zero because we are devaluing our aud.
@eddynswАй бұрын
where is the graph you used???
@markcampbell4087Ай бұрын
ref to Sydney market it was comment that supply is low and that is the real reason why property goes up in Sydney (supply and demand) all the other factors just fuel it in a little way and if I was going to blame any one it would be the government. Core logic is best data
@mikkocarlos5913Ай бұрын
PK and Bushy you got it on the head right on spot. Good content!
@Trying391Ай бұрын
We won’t have rate cuts - rates are super low house correction is coming 😂😂
@AeroDrАй бұрын
Yes we will. Inflation is declining, lead indicators like PMI are looking dire.
@L9MN4sTCUkАй бұрын
The rent is too damn high
@chookie131Ай бұрын
😂😂😂😂 it’s inevitable they will come down….. boom on the horizon
@emp731Ай бұрын
@@chookie131deportation is
@emp731Ай бұрын
Deportation will help
@Trying391Ай бұрын
lol Western Australia are full of investors 😂😂😂
@mattyb1624Ай бұрын
7:00 I thought this when I saw the pushing of Perth by almost everyone.
@gglendormiАй бұрын
The day something happens or is on the verge to happen will you let your clients know ? Like a sell signal ?
@AusPropertyMasteryWithPKАй бұрын
@@gglendormi like World War?
@crazyhamАй бұрын
@@AusPropertyMasteryWithPKThat's a great signal to observe 👌
@gglendormiАй бұрын
Liquidity issue in the market.
@redalert9691Ай бұрын
@@AusPropertyMasteryWithPK I have always wondered what happens to property prices in the events of a world war. Let’s all hope for everyone’s sake that doesn’t happen. If it does, any ideas on the likely outcome PK?
@gglendormiАй бұрын
You have a clear edge since you worked for banks and high profile financial institutions? You must have a good understanding of what macro bearish signal look like ?
@darrylhalden1948Ай бұрын
If 1% of taxpayers own 25% OF THE HOUSING STOCK it is clear that the housing market has morphed towards being an investment strategy - so perhaps the bubble part of any investment market applies
@KennethHill-h5pАй бұрын
Appreciate the detailed breakdown! I need some advice: My OKX wallet holds some USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). How can I transfer them to Binance?
@krznarbmx11 күн бұрын
Great video. I feel this could’ve easily been 20mins shorter tho. The first 20 mins was spent talking about you and we all are here because we like your content so no need to.
@martinchristian597Ай бұрын
i am buying in melbourne, then brisbane, then perth. i would love to buy in sydney but can't afford
@Oneloveonelove111Ай бұрын
Does anyone here care how communitites they are investing in are affected on the ground?
@kripart2881Ай бұрын
No graph is applicable for Adelaide..
@Sr24255Ай бұрын
Now you opened your eyes 😅
@dalemorley373Ай бұрын
Data may not be flashy and shiny, but it's sexy!!! 😂🎉
@susmusmanoj112Ай бұрын
Yeah Mr Ravi sharma boasts of growing team, now at 50 members. 😅😅 So he really needs to jack up his husiness so that he can pay aeast 50*80000$= 4 million $ into slaraies 😮😮😮😮😮😮😮
@livelife6695Ай бұрын
Money over morals they say, deceitfully leeching the vulnerable, we learnt nothing from covid oxygen shortages.
@susmusmanoj112Ай бұрын
@@livelife6695could u please elaborate in simple language ? So what do u wanna say it's good or bad ?
@Trying391Ай бұрын
Jobs are a big player for house corrections
@emp731Ай бұрын
So is deportation
@brendonwilson99Ай бұрын
Hey all, it may seem unfair to PK but I haven’t even listened to the video as yet and am simply reacting to the headline. Put simply “I DISAGREE”. And here’s my reasoning. I’m (my wife and I) in the happy position to currently be building. We had to race our building approval through to beat new energy efficiency standards to ensure we didn’t cop a green hammering. We won the race and saved between 100-150k on our build. If all new builds have to meet the new standards building costs are going to affect all new buildings entering the market. My theory is fairly simple. If building costs are skyrocketing and are unlikely to come down meaning the cost of new builds is higher, house prices will in fact rise to match. I personally feel sorry for any young person who is trying to enter the market and my aim is to help my kids through smart investment.
@morwickchesterham3875Ай бұрын
you and your wife both clicked 'like' on your own comment?
@brendonwilson99Ай бұрын
Hey @morwickchesterham3875, hahaha no. My comment is not intended as a troll comment or even to be sensationalist, simply our experience and my opinion.
@gglendormiАй бұрын
Settled a darwin 3 bed 2 bath to go against the FOMO chase
@emp731Ай бұрын
You can get a better house once deportation has begun
@nq6417Ай бұрын
@gglendormi well done mate. Darwin will bounce well before Melbourne
@emp731Ай бұрын
@@nq6417 You know..When the immigrants get SENT HOME
@gglendormiАй бұрын
@@nq6417 Thanks Yeah the supply is dropping fairly quickly let s see how it goes, decent yield in northern suburbs!
@devo7428Ай бұрын
I purchased in wa back in 2020. While I'm on the east coast. I purchased because the numbers made it clear it was going to go up. It was my first interstate purchase. I sold it 1 month ago making 90% CG. I have never Seen the house . Not once. Now stacking my chips ready to do the same in Melbourne next year. Probably could have hung on for another 10% in WA but buying remotely I wanted to get into VIC before it heats up hopefully saving the last 10% i missed in WA
@simonchristopherrule7313Ай бұрын
The numbers have been making it clear to me that prices are horrendously overvalued all over this country and yet somehow prices keep going up...
@devo7428Ай бұрын
@simonchristopherrule7313 you have to allow the human factor. It's where economists go wrong every time. Not saying the value of Australian property is right. It's horrendous and I fear for my kids but we either have to hate it or work with it. At least for now. After Vic has a kick up and maybe NT. I don't know where the next big property value jump will come from. But I have wondered that the last few cycles yet here we are still going......
@spara7464Ай бұрын
I did the same living on the east coast, but like the saying goes ‘buy when others are fearful, sell when they greedy’ I sold 1 of 2 I bought in Perth. Mainly to free up some equity in my primary residence but also because you never want to sell at the peak when everyone else is. And being so hot for so long Perth might be due for a correction soon. Might be wrong but doesn’t hurt to take profit. Doubled my money and went with it. Plus I feel that this rubber band has been getting pulled back hard and fast for too many years and is about to spring back harder and faster… can almost tell just by sentiment alone. I personally predicted WW3 1yr ago 🤔
@gglendormiАй бұрын
Price and over supply of money. Not overvalued in price until people can't afford it. WA is far from overvalued.
@devo7428Ай бұрын
@gglendormi agree it's not overvalued but there's that human element i was talking about. Perth has a boom bust stigma. Sure people believe perth has changed but you wait until the market pulls back. Every media outlet will be selling end of world articles for perth and people will believe it. In the end that has to be factored into the numbers. As will Melbourne change from the current dog turd belief of many back to its rightful 2IC position behind Sydney.
@nq6417Ай бұрын
SQM Boom bust report puts Perth at 14-19% increase and the national leader for 2025 again. A favourite till 2027 in his words. Early adopters in Melbourne will be licking their wounds for a few years
@shoops5154Ай бұрын
@@nq6417 What’s SQM’s reasoning for Melbourne not appreciating in the short term?
@patrickbellot156Ай бұрын
@@shoops5154 Google 'Victorian Government Debt' and 'Uninvestable Victoria'
@nq6417Ай бұрын
@ reason cited is distressed listings. No collapse expected due to home shortage and a potential interest rate cut, but will it be enough buying demand to soak up supply and increase prices, not likely
@shoops5154Ай бұрын
@@nq6417 is the quantity of distressed listings public data readily available?
@alanyves8253Ай бұрын
10 minutes of an introduction that's being read it s a bit painful
@user-yb9dl6ok9rАй бұрын
wow longest intro ever
@FrankFaulkner-qf8cb15 күн бұрын
Its a cycle, 2025 crash is inevitable
@AusPropertyMasteryWithPK15 күн бұрын
@@FrankFaulkner-qf8cb this won’t age well. See you in 12 months
@aleksdim5495Ай бұрын
It's just maths .. and it doesn't add up.. your about to feel real pain.. its just a matter of time, not when.. it will be spectacular..😂😂😂
@emp731Ай бұрын
THE PAIN OF deportation
@justz9435Ай бұрын
What you really need is a solid broker.
@Ed-zy4ivАй бұрын
If you buy now your fingers will get burnt. Long term maybe not, but that’s only because Inflation is guaranteed. But, you’ll be holding a long time until you see the recent growth again. Edit: specifically owner occupied properties will bear the brunt. Those that buy at the bottom of the rate cycle will only benefit from tenants paying down their mortgage whilst withstanding minimal price growth and potentially retracing prices, who knows on that front. I can say that the property market historically bottoms three years after the traditional markets and the traditional market, as well as the final stage being risk on assets signalling the final year of upside price action for property and traditional markets. That’s being said, my investment horizon for ideal property acquisition is in 4 years time and the beginning of the next up cycle for property leveraging equity from my 36 properties from this and previous cycles for this time. Ty Pk. ✌🏼