"How I turned $70k into $1.2 million while renting" | Mark Bouris & Zaheer Azmi

[@williamcrossan9333]

11:50: Fig Tree Pocket is nice, but not close to Coogee! Some lots do flood also. It's a big hard to compare the two, realistically.

[@rof8200]

This could be the top signal.

[@scottee81]

Top of the property market signal?

[@6219ll-dq9ij]

Anyone being able to turn 70k into 1.2Mil is exactly why we are in a housing affordability crisis right now.. That could only have be possible with house price inflation that's occurred, and a bit of luck timing the market.. But essentially it's all wrong, houses are to live in, and not a get rich quick scheme, the government is to blame as well with their generous property related investment policies etc..

[@XSquidbeatsX]

Don’t forget the banks. They are so focused on property, it’s impossible to get a loan to start a small business.

[@byza101]

The other problem we have in Sydney is artificial increase of the population past reasonable amounts. I live in a North Shore suburb where the value has increased significantly. The only people I see buying houses are Chinese and the talk amongst most of the school parents is they glad they bought years ago as they would not be able to afford now. Major failure of government administration of the economy.

[@becsterbrisbane6275]

Please don't come up here. We're busting at the seams. Signed, a Moreton resident.

[@quocluong2732]

Nimbys. Sorry people got to live somewhere. Sharing is caring 😅

[@caneandwoodemporium]

lol Don't come up here? The government has opened the gates to 400k.+ new migrants the next year and Sydney and Melbourne are full. Their points are valid qld has a better lifestyle, more relaxed, great opportunities and a much more affordable market to invest in. This will most definitely drive the prices and capital growth up. Signed, Sydney resident and Moreton bay investor ☺️👋🏻✌🏻

[@williamcrossan9333]

Plenty more coming: 240 a week apparently. Perhaps over 500K population growth per year in Australia.

[@caneandwoodemporium]

@@williamcrossan9333 definitely! They will be flocking to qld and the cheaper places driving the price up further ☺️👋🏻🏦

[@Coopsoldman]

So if I’ve got this right. He did one development, didn’t do as well as he thought he would so then decided to charge people to tell them how to do it???? Wow!!!

[@marciocarioka]

What is a good developer? How do I find one based on what criteria?

[@byza101]

Up until the early 2000’s you could buy a unit in Sydney somewhere for a couple of hundred grand, sell it a few years later and use the money you made on that to buy a house… Can’t do that anymore, unless you want to buy a house on Lalor Park or something.

[@taata_mima]

Lalor Park resident here ‘one of the best place to live’ houses here are 1.2m plus

[@donbretland3242]

A $2m, 3 bedroom apartment with facilities the strata fees = (approx) $6k per quarter and may only have 1 parking space. could this be why developers don't build more 3 to 4 bed apatments, added to this the recent TV programs have shown how strata management companies are ripping people off, most wouldn't want to have this commitment, I'd rather pay a gardener $100 to $150 per month.

[@williamcrossan9333]

The issue is he may have been able to earn 80K / year in 2008 to buy a 340K dwelling. Today, someone may earn 120K to 140K for the same work, but the house may be 900K plus. The ratio has drastically changed. And ratio in 2008, was also vastly worse than in 1995. How much more is left?

[@williamcrossan9333]

Amen to not holding cash as wealth. Yes, I'm wondering why we haven't seen one heck of a wage push by workers? Anyone on 55 to 60K a year may as well start burning cars in the street, and smashing shop windows!@@Garden-offgrid

[@teresazhang3766]

yeah so if u look at data of amount of people owning home outright at all ages in 2023 compared to like 10 years ago....they are all declining compared to 10 years ago...showing it is harder and harder to own property now...although still some ppl might say it's always hard in each decade to own property...truth is....NOT...it's getting harder and harder

[@chookie131]

Wait is he speaking house an land packages???? Hellllll no

[@doubledragan]

Why’s that mate ?

[@user-wc5gi2lz3n]

@@doubledragan overpriced

[@chookie131]

@@doubledraganterrible investments. Money all for developer not for investor

[@caneandwoodemporium]

I disagree, I purchased in Pimpana house for 450k 2 yrs ago it's worth 650k now and will continue to rise. Neighbouring suburbs are still quite affordable too but you are looking at 600-750k. Much cheaper than a house in Sydney or Melbourne you need at least 1mill+

[@chookie131]

@@caneandwoodemporiumwith all due respect, you got lucky. Lucky that you finished the build and lucky it’s still Standing. No one would trust builders these days. Wayyyyy to risky. You did well which is great! But the majority of house na do and packages sold - owners never make money

[@zed5129]

D-bay lol it's bogan central...

[@BelindaSabri]

Hi it’s B I command this connection to touch you A message from the Heart

[@prancer4743]

We are the second most expensive country in the world now very sad 👀😳🫣

[@lewisobrien358]

Mr Zaheer is very close to breaking anti spruiking laws I reckon 🤏