The Australian Property Market Just Got Harder

Рет қаралды 21,490

Күн бұрын

Пікірлер: 74

@MarcSmiles 2 ай бұрын

Very informative Video Nero… long term investors will benefit out of your videos. For young talents landing in Australia, is there an advice for them for purchase of land and constructing.. the availability is only far from CBD ..what is the right choice and advise for them?

@1968krug 3 ай бұрын

Nero, your videos are always clear, informative and unbiased. Thank you

@InvestmentRiseTV 3 ай бұрын

Thank you. I appreciate your kind feedback

@redda2 3 ай бұрын

Unbiased? It is in his best interest for property prices to go up and people wanting to buy

@australiatruelyasia6825 3 ай бұрын

Nice one commenter : you must be nero or from his team

@trythis2821 3 ай бұрын

@@australiatruelyasia6825 Or family.

@kyms9390 3 ай бұрын

Thankyou for this great and detailed analysis, anyone can see this is a completely crazy & unmanageable situation. We bought a property in Mackay Qld last year, have only had the house barely a year & the same agent called us to see if we would sell saying he could already get us 150 more than we bought it for under a year ago...insane! What also needs to be counted in is the 660+ thousand students that come in every year on top of the other immigration, most of these students use this as a gateway into the country & never return home...so add that to the already 500+ thousand & thats nearly 1.2 million a year, completely unsustainable, lucky country no more.

@vincewant6325 3 ай бұрын

@@kyms9390 especially with the world moving away from Coal, imagine Mackay home prices in 10 years time when most of those mines and terminals close. People have to do their research.

@soylentgreen6082 2 ай бұрын

Australian Real Estate is a bubble economy. The sooner people wake up and take steps to diversify their investments and reduce their exposure to Australian real estate, the better it will be for all concerned. We need to gently deflate the bubble rather than pop it, to play out the analogy. Every honest Australian economist holds this truth to be self evident.

@vmura 3 ай бұрын

peak ponzi - now here is my question. when AML laws on property transactions are introduced, do we do an audit on all historical purchases and will any illegal purchases forced sell? what % and impact to prices?

@CheCosaTesoro 3 ай бұрын

So if demand is so strong, then why are so many developers/ builders are going bust????

@Kevdog94 3 ай бұрын

Development/construction costs are too high at the moment. Not profitable enough to construct even with really high demand

@ryanpzy9336 3 ай бұрын

Cost of materials high and fixed price contract before pandemic

@jordanpet4892 3 ай бұрын

Owner property and rental properties are differently calculated..

@williamyew9745 3 ай бұрын

Builders took too many projects can't manage effectively is one of the main issue. Otger issues such as high labour cost and high material cost contribute to builders' collapsed. There are still so many builders took the projects and enjoy holidays in Bali, in their mind, after win the projects just collect monies. Lack of effort in the management, no return end up bust! Employed experienced site supervisor for $160,000 /year. These supervisors do nothing. Builders not smart, for sure will go bust. bust.

@yhwhlives4393 3 ай бұрын

They close and open up again mate new trend

@SalmanKhalid-tu6rp 3 ай бұрын

What is your forecast for ACT? Do you see any significant increase for ACT just like in QLD and WA?

@trythis2821 3 ай бұрын

Australian property prices only ever go up long term.

@zubair242 3 ай бұрын

Stats are all fine but think of a bigger picture. Government is reducing students intake from this year. Also, these 547,000 people who arrived here are not here permanently. Most of them will have to leave because of recent changes, so I think we will see more people will be leaving after completing studies than arriving. So, demand will reduce and people who are buying now due to FOMO might end up regretting their decision.

@devzy844 3 ай бұрын

These students mite/maybe leave but they have bought assets in Australia before leaving, dont be blind to the fact that people come to invest in Australias relaxed laws on foreign ownership, the goal is to make locals renter's in their own backyard. I personally learnt to join them if you can't beat them.

@gaetanoguastella2041 3 ай бұрын

Government drops or rises intake of people to their pleasure. They numbers go up and down according the economic needs

@abdulwhatever2912 3 ай бұрын

Nope for the first home buyer. But for investors maybe yes, after buying a lot of properties they will regret it because it is cooling off the rental market.

@abdulwhatever2912 3 ай бұрын

@@devzy844 Its about the time gov, close over seas buyer. People who have PR and Citizenship allowed to get Australia piece of land. Gov need think this out.

@devzy844 3 ай бұрын

@abdulwhatever2912 Don't ever rely on the government to look after you. Politics are for politicians. They line their own pockets first and give you scraps. Sooner you realise that the better of you will be.

@David-qz7fx 3 ай бұрын

If you want to be able to afford a house on average income, you should want house prices to fall. Support government initiatives that REDUCE demand and INCREASE supply.

@andyc86 3 ай бұрын

Right at this moment Sydney is going ballistic again. 30-40 people at every open house. Bidding wars at auctions prices going through the roof. $1mil in Sydney is average apartment money don’t even look at houses.

@InvestmentRiseTV 3 ай бұрын

Which parts of Sydney are you looking at? I ask, because what you're saying is true in certain areas, but not everywhere.

@andyc86 3 ай бұрын

@@InvestmentRiseTVSt George area Sutherland Shire Newtown Redfern Randwick Coogee. I’m trying to buy an apartment for my son but the market is extremely competitive pushing prices to new heights.

@udaykarki2033 3 ай бұрын

Agree - What's happening in Perth, Brisbane - FOMO, FOMO, FOMO. People buying now in this highs are 100% going to doom. Markets cycles will always have ups and down. Melbourne land tax, Sydney's usual madness is driving Perth and Brisbane - if not these cities are useless - not many jobs , opportunities.

@rocky365ful 3 ай бұрын

WA not having jobs is a joke.. it is the only state with more job opportunities and asking Federal Government to increase skilled visa quota.

@leefy4829 3 ай бұрын

WA, not many jobs? WA leads the states in all major employment metrics including the lowest unemployment rate in the country. There are jobs everywhere. If you're not working in WA you don't want to.

@AA.AA.399 3 ай бұрын

Theres nothing wrong with FOMO. If you have a spare cash it’s better to invest or use it than to keep it in the bank. And lot of people right now are using their equities to buy properties so that they can take advantage from new migrants and to generate wealth as well.🤑🤫

@randokuruza 3 ай бұрын

Ouch sounds like you are renting in BNE… chin up

@kuracodovce7514 3 ай бұрын

You must be on that crack pipe to think there's no jobs or opportunities in WA. It's the highest average salary in Australia.

@kymrittchen688 3 ай бұрын

The outer new suburbs in the North of Melbourne are still being snapped up quickly by overseas investors

@Elemenopi205 3 ай бұрын

Taking too long for new housing approvals? Need alternative housing type but not going to happen.

@_dsee 3 ай бұрын

When will Melbourne metro likely recover? I looked up some stats and looks like net population growth in Melbourne is still strong but less growth

@Eric123456355 3 ай бұрын

Yes it sounds reasonable and many repating it , except that is simply not true. increasing property supply alone doesn’t necessarily lead to lower real estate prices due to several factors: Market Dynamics: the property market is influenced by more than just supply and demand. Factors like investor behavior, financial policies, and market speculation play significant roles Developer Practices: developers often control the release of new properties to maintain high prices. This practice, known as “drip feeding,” ensures that supply is limited even when there is potential for more1. Policy and Regulation: policies and regulations often favor property developers and investors, which can distort the market. For example, rezoning and planning decisions can be influenced by powerful interest groups1. Affordability Myths: calls for increased supply as a solution to affordability issues are often misleading. Without addressing the underlying economic and policy factors, simply building more homes won’t make them affordable at all!!! Why pricing rising so fast: Low interest rates during the covid started the snow ball. Government incentives, record immigration in short period of time, developer practices. Increase if incomes etc. supply is not a big deal here. Less social housing nore poeple joining market as well, interior immigration to qld to WA , speculative behaviour, investors activity and so on

@dalilludallys5133 3 ай бұрын

We are at an average of 2.5 people per property. It's a sign of an affluent society but also probably not sustainable at present. Household size fell from an average of 4.5 people per household in 1911 to 3.6 people per household in 1961, and then to around 2.6 from 2001. The average was slightly lower, at 2.5, in 2021. Imagine what happens to demand if we go back up to 3.5 per household. 1100 businesses going to the wall each month, 20,000 distressed sales in Qld last year, inflation high, only 1 new job being created for every 4 new immigrants. Not to mention, international influences. Do the math. After 60 years watching the property market, I can tell you that anything can and probably will happen.

@NeillTurner 3 ай бұрын

Its all very well there being a big short fall of housing but if the people who want them can't afford it then it pointless building them just create alot of tents and caravans -)

@小狗DogRusty 3 ай бұрын

like your chanel. only talks the facts and data.

@zenmachine50 3 ай бұрын

really I find it absolute garbage

@sagunsh9007 3 ай бұрын

At present, people have started believing that the market will never decline. It seems like everyone is dreaming of owning a home because they expect prices to keep rising. However, your analysis in this video might be proven wrong in the coming months. The reality is that most people who could afford to buy homes have already done so, leaving behind only those who can’t afford to purchase. Soon, the property market will slow down significantly, and this is already happening in Australia’s most dynamic market, Canberra. Prices have fallen by as much as 10%. While the data hasn’t reflected this yet, it will be evident in the next few months.

@小狗DogRusty 3 ай бұрын

I just ordered your book Niro, thanks

@pinny492 3 ай бұрын

The property prices could fall after another 2 rate rises, as there are very many mortgage holders who are already under severe mortgage stress and will have no choice but to sell up in the next year or 2. Plus Chinese government is clamping down hard on foreign investment as they are now desperate to keep capital within their own country.

@AM-eu1yq 3 ай бұрын

Nero with the stats 🔥

@InvestmentRiseTV 3 ай бұрын

Thank you :-)

@vincewant6325 3 ай бұрын

@@InvestmentRiseTV niro whats your thoughts on Bhp dropping thousands of employee’s in wa plus other miner’s cutting staff in high numbers. Plus the Iron Ore Chinese/rio massive mine starting up asap which the price is already making Iron Ore miners cut staff in the thousands. Interesting 2025 ? Do you think will have the same effect on Iron Ore as What is happening with Nickel and Lithium mines etc shut downs.

@thomasjohnson96 3 ай бұрын

Seems like Perth will still lead price growth over the next 24 months.

@vincewant6325 3 ай бұрын

🤔 not sure about that. Thousands of miner’s are getting made redundant in a few industries and now Iron Ore, 2025 ramp up IO major mines in Africa we see plenty more layoffs ahead in wa unfortunately

@stephenrice-wk9es 3 ай бұрын

Yes Perth property follows the mining cycles

@vincewant6325 3 ай бұрын

@@stephenrice-wk9estrue but the next cycle won’t be like other’s unfortunately. Iron Ore miner’s will take a hit and imo the companies will be cost cutting for good once these massive high grade mines come online in Africa. Word is they are starting this year

@PradyVK 3 ай бұрын

It has nothing to do with mining . There's turmoil in the construction industry and chronic undersupply of houses which will take another 5 years to reach a state of equilibrium. Interstate migration to Perth at an al time high , 3 people I know of have moved there and have found jobs in infrastructure, nursing and aged care . Perth is very different from 5 years ago . Yes mining plays a part but it's miniscule in today's Perth .

@Proslopski 3 ай бұрын

No one told people in Western Australia to stop buying :)

@LukeThomasPerth 3 ай бұрын

The biggest issue is when will migrants start looking elsewhere to move to…

@edie_perty 3 ай бұрын

Your family were migrants too no doubt,

@paulboldrini9561 3 ай бұрын

What a waste of my time , told me nothing that we dont already know , some states going up some going down , how about affordability is off the charts

@Trying391 3 ай бұрын

Down down down 😁

@pinny492 3 ай бұрын

Also the number of dwellings required can be reduced by increasing the per dwelling occupancy rate. The average new home in Australia would house 12 people in most Asian countries.

@brissy27 3 ай бұрын

7:13 Poor real estate agent not having a home to sell. I hope they're going to be okay. Will they be able to eat? Do they need some help? I'm sure said real estate is sleeping just fine at night. How many properties do they own? What about all the properties they're managing? How about the real people that were made homeless from all yhr rent increases forced upon their tenants?

@MeditateMeHigher 3 ай бұрын

😂😂😂😂❤