Its Edwin's Monday Evening Property Rant!

[@jameswillis8969]

They’ve tightened the screws so hard that young people have given up You can’t have productivity without participation

[@h7qvi]

I'll be voting P@uline 😅

[@nicolle_2944]

Gerard Rennick has started a party as well.

[@AAAA-vu7fp]

The politicians are like a bunch of hyennas

[@yourdriven5365]

Living in Mandurah Western Australia 🇦🇺 house prices here in the last 2 years have rose 32% we had cheap house prices I’m now looking at capitalistng on that selling and moving to the hills and buying 15 aches for the price of a 3-2 home in Mandurah . Happy new year Martin 👍

[@grahamwelch-d1b]

Same in Coolbellup Western Australia as a " first home buyer in 1989" for me now ridiculous prices but I'm anchored down from moving as 62yr old i need Fiona Stanely hospital 4km away as i get older.

[@davidthomas5990]

i only have 12 million and i cant find anything decent to buy in sydney

[@Jake.steve3658]

If ablo was not corrupt. He will not have brought a $4000000 house

[@jetplane10]

Yes you are right

[@WantYaLovin]

If selling snd then buying, must factor in RE commission and Transfer tax (formerly called stamp duty). The higher the buying price the less transfer tax exemption. Also when buying, really look at the property regarding what features, if any need repair or upgrade for personal preferences, ongoing costs, yard maintenance etc. Was interesting hearing about Tradie issues OS. And we thought it was bad here.

[@vincentcacciola7161]

Gentleman the election pitchforks ate being sharpened going to be interesting times

[@richarddobosz6174]

Excellent thank 3

[@johwck1898]

The top countries of birth of buyers in new housing estates: 1. India - 32.9% 2. Australia - 25.8% 3. China - 6.3% 4. Sri Lanka - 4.6 % 5. Pakistan - 2.8% We will be known as Little India soon. And join South Asia.

[@kelvinjames6344]

Abroginal Australian dna traced back to India

[@fullspectrumdominanc]

Easy to stay put when you own a house!

[@helen9722]

My grandmothers house on 609 sqm was sold on auction to Chinese buyers in Cambridge Park. The house is now in the process of becoming a 28 bedroom communal place and the neighbours are angry and wanting to move out. These neighbours have been living there for 50 years.

[@kelvinjames6344]

Only immigrants can improve Cambridge Park anyway

[@MichaelRowan-h8f]

The houses in Victoria still exist. Either owner occupiers have made the purchase or other investors. The stock does not disappear.

[@jezg084]

That’s what confuses me - people see investors selling as a bad thing but the house doesn’t vanish - it allows an owner occupier to buy which is better overall for the country.

[@redsed1565]

another year of 2024!

[@johnsudholz3445]

First🎉

[@mylimomelbourne4757]

Number one biggest help would be starting with the national broadcaster

[@mylimomelbourne4757]

Yes defund them

[@jessekoch3480]

H1N1 on its way.

[@Zilron38]

China is a good example why property will never drop in Australia by any reasonable means. As soon as property drops to much the government will put in place emergency policies to try to stop house prices from dropping to far, we will never see anything more than a 20% drop.

[@jetplane10]

Service checks: a stich in time saves nine

[@olenanewton364]

Also Edwin, "I am staying put, not going anywhere (for greener pastures)". Where would you go with what you do for a living? And why? It's not like you personally can't afford a house, might not even have a mortgage anymore.

[@richarddobosz6174]

Great

[@robertmitchell1920]

Falling dollar and falling property prices mean overseas investors or losing money on two fronts. Its not about their purchasing power, its about future profit.

[@daz9402]

The boiling frog syndrome. The grass is greener. I assure you.

[@redsed1565]

Are “Australian” courts sitting in the correct jurisdiction consistent with Clause 2 and Clause 5 of our primary law, the Commonwealth of Australia Constitution Act 1901 as proclaimed and gazetted under the Royal Coat of Arms, and, is the monarch that the court derives its power from, the monarch within the sovereignty of the United Kingdom, consistent with the primary law of the Commonwealth?

[@veijotirronen2010]

End of Socialism ? 👍👍👍.

[@veijotirronen2010]

Property is the nearest to Inflation and the smart people know this , 20% ?.

[@jetplane10]

Exactly. Higher house price shows the devaluation of every dollar Example: House worth $100k going to $200k Equals dollar's purchasing power - 100%, down to 50%.. made up figures, but that's how it works

[@veijotirronen2010]

@jetplane10 The Author dollar should be no more than 35c.

[@kelvinjames6344]

Redevelopment of the entire 2770 postcode Sell all public housing houses to private and put public housing tenants in apartments like every other country does

[@IesApac]

"Tell me i'm wrong" - Edwin - do that on his X and tumbleweeds, he simply posts and ghosts - no interaction, zero, zilch, nada.

[@jetplane10]

Real estate people work alot plus he lives out of town, so commuting takes time Have you given him time to answer? Edwindoesn't strike me as likely to post and ghoust Great phrase anyway I hate peope that do that too

[@IesApac]

@@jetplane10 of course, i've replied a few times on his posts over the last year or so, and no interaction - that's fine, I just never interact or reply again, I suspect he's more interested in replying to other higher follower count pundits on the platform and has time there but not the hoi polloi. There are many financial/housing/economy commentators that have very good takes out there, but they almost exclusively never interact, it's like a social media class thing.

[@jetplane10]

@IesApac I heard Edwin say to DM him to talk to him

[@jetplane10]

@IesApac oh I hope he is not like that doing a class thing 🤔

[@olenanewton364]

Edwin, property rant or mantra "accept the things the way they are as can't change what pollies do, accept ridiculous prices and compromise as grass is not greener elsewhere or else too much negativity"? Martin, if people followed your suggestions/forecasts about the property prices in the last 3-4 yrs or so, they definitely would made the wrong decisions, I am blown away by your statement about otherwise 😂! Pretty average episode.

[@jetplane10]

Hello Martin& Edwin 💞

[@geoffmccoll4640]

How to run bra size zero with a nuclear energy?

[@jonv570]

ridiculing ppl for wanting a better lifestyle in a cheaper country is pathetic and not surprising considering these 2 blokes make their parasitic income from ppl that just want the Aussie dream that is now unattainable

[@jetplane10]

Living in a cheaper country is less pressure, I am doing it I got so sick of prices being pushed up in Australia.. bills are just impossible in Australia - my rates were increased 25% this year on last year's price - with no justification whatsoever

[@jonv570]

@jetplane10 my rates continue to go up whilst losing services.

[@geoffmccoll4640]

That horned thing behind the guest presenter is what?