"I can't afford to buy in Sydney" Mark Bouris & Ravi Sharma

On this week's episode of Property Insights, Mark is joined by Ravi Sharma.
Ravi is a buyer’s agent & KZbinr with his channel “Personal Finance with Ravi Sharma” about Australia's property market, cryptocurrency and the economy.
Ravi’s buyer's agency, SearchProperty, was recently awarded a finalist place for REB's Buyer's Agency of The Year (2023) as well as the Rising Star Finalist Award (2023).
For more episodes, check out our channel or head to yhomeloans.com...

[@yellowbrickroadtv]

💡 What did you think of this episode? Let us know below if you have any questions for Ravi or Mark! 👇

[@williamcrossan9333]

Yes! Give a a deal! I want a property that will give me around 4.5% yield or more. And have the property rise in price by around 35 to 40% over ten years. Ravi, give me a deal! Give me the address!

[@aulzhoefer]

I think it’s dangerous rubbish and Ravi should register himself as a financial leather weapon.

[@getfinfab]

Times have changed and choices have changed We now live in a world of no gatekeepers and can embrace different money making opportunities and investment opportunities The fundamentals of finance are still timeless and yes everyone ideally would like to own their own home but now you can live work and retire anywhere Agreed retirement is no longer a dream, a fulfilling passionate life is, and frankly you can retire in Bali or Vietnam or Anywhere and live comfortably on a lot less than Australia allows Great Interview Change is the only constant

[@JoeyBlogs007]

And once you get you dream house and moved in, you fall out with your partner and get divorced. Many things to consider.

[@PersonalFinancewithRaviSharma]

Thanks for inviting me on the Podcast Mark! Had a great time 👌

[@yellowbrickroadtv]

Our pleasure!

[@repique10]

This was a fantastic episode!, Rami’s made me think differently with his KZbin vids, and I’m in my early 40’s starting to invest!, and building our first Home!.

[@Whisky_Warrior]

Great interview and first time I have come across Ravi but found him down to Earth and knowledgeable. Love the way Mark treats his guests with so much respect and humility.

[@franknirvana1]

Good on you Ravi. I wish we had the financial education before we became adults. Hats off to you. 1 word advice! "Regional" Hervey bay is starting to boom with a gazillion homes being built.

[@PersonalFinancewithRaviSharma]

Thanks Frank - glad you enjoyed the episode :)

[@tacquitotim6507]

Boys this was such a good interview, this just came up on my feed randomly. The algorithm lords decided to serve it to me. I appreciated hearing Marks thinking behind what Ravi was saying and how he approaches finances. I'm a 33 year old male, married with 2 beautiful kids of 6 and 8. I work my day job part time 4 days a week and the other day I have 6 clients that I do work for in Digital Marketing. I'm very much in this work and earn money from side hustles mentality simply because this is the only way for me to earn and save for a first home deposit. The interview confirms a lot of things for me and also has challenged my thinking that maybe I'm doing things the wrong way but looks like most people around my age around doing similar things. Love it guys, we need more of these conversations for the young 20s and 30 year olds running this marathon. It's tough, we don't know where it'll end but we got to stick to our guns and keep moving forward!

[@rosshitchen-ij6en]

I sold my Dover Heights home and moved to Thailand.Sydney is a complete shit show these days.Best decision I ever made.

[@jeremyschipp]

Congratulations on the move to Thailand

[@jeantepea6239]

I've been following Ravi since his beginnings and his contents are amazingly resourceful. Well done Ravi! Rentvesting is definitely a new mindset and a new way on how to invest in property.

[@Zeniithe]

Two favourite finance people in one video! Not sure if there will be cures for most conditions when there is so much money to be made from treating conditions.

[@allahdagreat]

Ravi, you basically spoke on behalf of many of my mates including me. I am exactly the same demographic doing exactly what you said. The interviewer asked you how many people actually WFH but this is also me, working fully remote interstate whilst taking advantage of lower living costs in another geographic location. It’s actually much bigger than most people know about.

[@joshuajackett6371]

2 great online mentors coming together, great stuff and brilliant material.

[@yellowbrickroadtv]

Much appreciated!

[@jb3931]

Spot on Ravi mate. I am in my 30s and semi-retired extremely lucky to have monetized something I'm good at!

[@elitevbman]

Congrats Ravi for making it on to Mark's Podcast. I am a long time subscriber of both channels. You have made the big time now! Next you will be on mainstream TV.

[@afrivox]

Is Mark big? Doesn't seem to have lot of subs?

[@simetarle8829]

The retirement conversation was sooo interesting. Agree doing jobs to pay your bills vs doing what you like changes things.

[@user-is7mk8jq9p]

Hi Mark, Have watched you for some time, I’m 63 & stared in RE in Potts Point in 77. Your selection of your guests & also your enquiries are as I would ask. I look at a big variety of blogs & this young Ravi is very good with a slight caveat. That he is an influencer & has a buyers agent agenda appears to have not a great influence on his honest opinions. Great interview. I work in the Retirement Village space but have two kids at 20 & 22 already saving for property. It’s complex.

[@mrporsche4236]

I live in melton victoria 40 km away from melbourne. Its the 4th cheapest suburb in australia but climbing. So to buy a house here you need to be making about 100,000 a year at least. So that the top 10% of men to buy the 4 th cheapest in australia. So who the hell is buying everywhere else and how. Someone please explain

[@ShaneChiswick]

What is the future of aged pension - will they nclude your house in the assets test?

[@vittorianesse]

Can you cover the concept of “the dream home”? I don’t believe it exists because Aussies move as their lives evolve. If we all rented at a reasonable rate we’d be so much more mobile and have more disposable cash to build a business or spend it on goods and services.

[@user-iz8lx4eq3b]

That was amazing. Two of my favourite people to watch on KZbin combined. I loved it. Thankyou.

[@williamcrossan9333]

And would you include PK Gupta in that trio?

[@nedkulic2164]

Great open discussion, definitely no financial literacy in schools. I've been teaching my kids... Thank you for taking the time to share your professional 😊experiences with us.

[@PropertyVisionaries]

Great interview Mark 👍 Well done Ravi 👌 Nice to see how you keep things so real 👍👍

[@philbowden6371]

Great episode... Especially the discussion around retiring to beat of your our drum.... Conversations like this need to be had more often.

[@HS-PGA]

The market has normalised taking on debt at unprecedented levels . This has to be addressed . The borrower is a slave to the lender even in investment properties in this country because rental receipts it never covers the mortgage commitment.

[@HS-PGA]

@@coopsnz1 good point about taxes

[@devraga9612]

There is no easy way out. Pay yourself first, start investing early, reinvest dividends, do it for the long term, and automate everything.

[@shane0traveller451]

Loving the interviews and Ravi

[@lianadibiase6841]

As a 59yr old female I wish I knew more about finances, but I am learning thanks to your podcast and Scott Pape

[@rossmacdonald4088]

Probably just me but i found it a bit preachy and broad. I did like it when Mark opened up about re assessing the concept or label of retirement. That was intruiging.

[@joanneburford6364]

Great discussion, didn't know I was in the minority of your demographics Ravi. Financial acumen should be mandatory in high school.

[@rachelbaldock7393]

Great interview! Interesting content. Thanks Mark and Ravi !

[@yellowbrickroadtv]

Glad you enjoyed it!

[@myday2704]

I hate rentvesting. All it does is spread the city affordability problem to other areas and it prices locals out.

[@imhosydney]

That's a great point which I hadn't truly considered as I encourage my son to get his snowbal going by rentvesting. Maybe we should instead encourage young people to buy locally but sharing in the cost, then sell and rebuy perhaps alone, not that joint ventures are always hassle free.

[@afrivox]

It definitely feels like one is part of the problem, not the solution. But again australia and nz are very obsessed with property. It is our kind of religion

[@uberboiz]

@@imhosydney Or maybe we should instead educate young people that buying brick and mortar with a significant amount of debt (whether it's for PPOR or for investment) isn't necessarily the key to 'get the snowball going'.

[@paulmaher]

So instead of a national conversation about housing affordability, we need to have a national conversation about working longer… Riiiiiiiight.

[@Mr5carda]

The moment when your two favourite pages unite 😍

[@yellowbrickroadtv]

Aww thanks

[@Liz-bb8bd]

I wish that young people today, see older people the way they think they are going to be employed in their 60's now. The mind set of young people today, of a 60 yr old means they don't exist in the work place. I sure hope that changes soon, it's so difficult to be respected or even have a resume looked at now. Great that the mind set is changing 😊🎉 It's about time in this country.

[@nq6417]

Ravi ! Mark Bouris, respect ✊

[@vittorianesse]

What are your thoughts on business as a wealth creation? Finance seems to be so self focused on a “Me & Mine” instead of building a dynamic business culture that spreads the wealth around.

[@williamcrossan9333]

Thanks for the vid Mark! And Ravi!

[@jubearoo6928]

Great topics i bought my first invesment property at 19 its very hard for the average joe these days

[@radyanthunapo5369]

Awesome Podcast from both of you

[@vittorianesse]

Can you explore the “reverse engineering” of wealth building timeline idea you raised? Gen X often come into wealth much later from inheritance, but how do they maximise the 15 years to retirement with the security of “home”.

[@salvatorecardamone7664]

Great work gents, love it

[@michelleholmes5251]

Thanks for sharing this…I’m 52, with kids 21 & 19. I worry for them but they’re approaching this whole work/debt/mortgage/HECS/etc juggle in a positive way. I agree - they are thoughtful and educated, and willing to take a creative approach to a financial & housing situation that quite frankly scares me. Really appreciate the representation of age demographics in this episode. Cheers.

[@afrivox]

There is absolutely no need to be worried that much. Australia is way better than 99% of the rest of the world. Two young adults with a caring and probably well off parents shouldn't be worried at all.

[@caseygibson1234]

When is Mark going to look at Bitcoin in an episode?

[@mertkaracayil]

Once a again real talk by Mark & Ravi.

[@superdadthailand7246]

Very informative. Great vdo

[@heinschwartz7941]

Great chat Mark and Ravi 👍

[@belouska22]

Demographic female 37 . Finding Ravi’s channel very well explained and insightful 👍

[@MelbHusTLA]

Good on you Ravi great to see you on YBR !!

[@vittorianesse]

Can you please cover Australian demography more? Bernard Salt has fallen off the map and he influenced my property purchases the most.

[@Whyunounderstand]

I want to live in Sydney the question is, is Sydney a retirement home for boomers and their houses or a place for people the work and raise families

[@johnsonburgundypants]

If young people are weighing the cost of living and housing against their earning and taxes; and are willing to migrate elsewhere to improve the calculus. Then we are talking about a group that are not only more financially sophisticated than their parents were, but also more convicted in their financial assessment.

[@afrivox]

Where exactly would young Australians migrate to and be better off?

[@johnsonburgundypants]

@@afrivox I imagine it would differ based on personal circumstances and financial goals. Some to cheap countries, some to low tax regimes, some to switch from metro-based professions to regionally supported ones, some to regions with similar expense but higher opportunity. The premium associated with raising a family in an Australian capital no longer scales with career opportunity and salary for many professions.

[@BuiltToRace_com]

Do 10 different careers ... The surgeon that'll keep you living to 90 didn't do that. The engineer that designed your EV didn't do that.

[@afrivox]

There are proven formulas that will be very hard to change. Maybe because as much as we would like to think otherwise human nature and basic human needs haven't changed much. We still need shelter of sort. We need food. We need clothes. Heck we have even invented more needs. Electricity... yes. Phones. Washing machine. Stove. Etc. And to some extent, we still have greed, envy, passions of all sorts etc. All of those require focused effort to satisfy. Unfortunately. Monks for instance who try to quench these needs and desires can survive on the equivalent of maybe 2k a year. But I digress 😅

[@JoeyBlogs007]

Super should be forced to a higher level of employee/employer contribution.

[@will_274]

It’s definitely an education issue. The teachers don’t know how to create generational wealth so how can they teach the student? My parents were poor, and had no investing experience. It took me until 40 years old to figure it out. Now I’m teaching my kids and hopefully break the cycle.

[@vittorianesse]

Ravi got me interested in micro-investing which is very accessible for everyone (Female, 50+ here),

[@samiah21]

Mark Bouris is a cool man... I hope I age like him.

[@cocosilkworm]

Surely there is an industry where people are borrowing their deposits for investment properties....

[@JJ-mc8lu]

If people bought an automatic coffee machine at home instead of paying for overpriced bathwater coffees at cafe you too could buy a home in Sydney from all the money saved! I have!

[@cocosilkworm]

Why is your left eye flashing sometimes...?

[@fiveisalive]

Mark was a tad condescending imo. Ravi is much more in touch and relatable. Overall, it was a good discussion.

[@craigmooney2630]

Don’t forget capital gains tax “

[@markspin4596]

Property should be for shelter not speculation!!!!!

[@Johnsmithabcde]

Mark people should be aiming to retire by 55 or younger. Retiring at 65 or older means having less energy for your hobbies and interests or passion

[@matrix998]

Advice from Mark Bouris and his Guests? Happy to buy a Lotto😂

[@aulzhoefer]

Ravi lives in a fantasy, move to Bali and hold down your job… why wouldn’t the company just sack you and send the work to the Philippines? 😂😂😂😂😂

[@afrivox]

Yeah. That's only maybe possible for 0.0001% of the population. Even tech companies that accept remote work insist you remote in a certain geography, mainly for many reasons including safety(no company wants their laptops or systems to be floating on a beach in Bali or a desert in Doha), time zones(you still work for someone and they want u to collaborate with the team), legislation or taxation etc. Or simply productivity (let's face it, those young digital nomads aren't as productive when they are surfing and chasing Asian girls😂). So this formula isn't a viable solution for the problem we have. And neither is migrating to another country, a solution has to be working for at least 30% and a solution that would send 30% of young Australians out of Australia isn't the best solution , even if that was possible.

[@aulzhoefer]

@@afrivox exactly.. but Ravi is a genius! I’ve been watching him for years spruik rubbish like this. This is a buyers agent selling a dream to finance his own fantasy.

[@afrivox]

@aulzhoefer Funny he said he is struggling to buy a house when he wants to live. One would think these gurus have figured it out 😆

[@uberboiz]

Couldn't agree more. And why would anyone want to tie a significant chunk of their money into an overpriced and illiquid brick and mortar in Australia if they can work anywhere else in the world? In a way, he is discrediting his own 'great idea' of rentvesting.

[@user-ic7td3lw8u]

stop blaming people. once your 18 Yrs old you are responsible for yourself. dont blame. get a job!!

[@williamcrossan9333]

I blame society, and I'm in my 40's.

[@afrivox]

You are right to some extent. Mainly because blaming anyone won't solve anything. It rather disarm you from the power to change your own lot in life. So better suck it in, fold your sleeves and do the F whatever you can to improve on the hands you were dealt with

[@afrivox]

​@williamcrossan9333 you realize you are part of society. But mainly that blaming society won't change your lot in life...and maybe that someone in worse off situation is blaming YOU for their misfortunes...😂

[@gatoblanconzful]

The old man host comes across like a bogan. Not very professional

[@user-tb9yp8rr5w]

Ponzi on steroids