Matt Barrie: How Australia's Housing Market Became a National Crisis

[@Bruce-gh8gt]

Matt Barrie one of the few Aussies left out there with a spine.

[@johney3734]

He is pushing that the only reason this is happening is imagration.. our parents got a home for 3 times there income we are a richer nation now than then but live bad... It's far more than one thing. He should know that ifvhevis an expert

[@johney3734]

No he is very bad

[@johney3734]

He blame imagration and environmentalist for everything

[@johney3734]

He is very bad man

[@johney3734]

He is enem😢of the people

[@juliea3820]

My son got thru every stage to go into our defence forces. Got cold feet a month out, came to me and said mum why am I going to risk my life fighting for a country I can’t afford a home in

[@Spacemonkeymojo]

And now the government is tricking people from the pacific island nations to come and fight for us. It's a joke.

[@Whyunounderstand]

He shouldn't be fighting for a country that puts immigrants over citizens.

[@voit782]

If I were him I'd go into the forces. First when your young you can live cheap on barracks and save $. Then they have a good home ownership scheme, and you can be stationed in more remote areas of Aus where housing is alot cheaper away from the rat race. Once the bonzy crashes and unemployment goes up, all those defense jobs will fill ASAP.

[@chrisb3189]

@@voit782 It's not a ponzi if there are more people competing for the same houses tho. Housing has inelastic demand

[@BoatLife_DansBoatLife]

I know active military personnel who said they wouldn’t fight because in their words ‘why should we sacrifice ourselves so Albo can get another investment property’.

[@HP66856]

I’m 7th generation Aussie, and despite being a home owner, I’ve 100% checked out of this broken society. My kids will never be able to own a home without help from us, and those kids that don’t have assistance will be left out to dry. Watch crime levels explode. “If you don’t give the youth a seat by the fire, they will burn the village down” (African proverb). Multiple decades, by both sides of the uniparty, have destroyed this nation through poor and lazy decisions. Mass migration has resulted in a portion of the population who have no skin in the game - why would anyone want to fight to defend this nation when what was once a functional, cohesive society is now just a soulless economic zone?

[@GetOhn]

This worries me greatly. Things will spiral downwards very fast in the coming 5-10 years.

[@darkphoenix8350]

why TF would non-white immigrants want to defend a place that treats them as subhumans while the wh!te trash on the dole doing nothing to support the economy?

[@lovelypet139]

Have you ever thought about why this country have been taking in mass immigrants.

[@pablosnackbar6417]

@lovelypet139 enlighten us, brother

[@richardv9648]

Always remeber it was Australians who were fliping their family homes for a quick bucks.

[@melancholygalaxy3269]

Time to start the Matt Barrie party? You’d get my vote

[@mostlikely...]

🇦🇺🇦🇺🇦🇺🇦🇺

[@byza101]

If there is no higher body that would control him. We need the Matt Barrie party.

[@ISCFworld]

You know what he can only do in goverment? is start puttin us in surplus which means higher taxes its the only way for the next umm 15yrs

[@Onlineshopaucom]

Matt Barrie got my vote

[@Onlineshopaucom]

Fix our country for owe children please

[@rc2276]

Very good. Someone finally speaking the truth. Stop foreign investors, stop mass immigration, stop negative gearing. Aust property to gdp is 420%!! Aust property bubble is 5x larger than the GFC.

[@mateodeleon1185]

Yep. Some peeps refuse to believe that immigration has a lot to do with it, even in the lastest US VP debate, excessive immigration + housing was tackled. I opine the govt needs to step in like they did post WWII. Singapore did the same in 1965. Now more than 90% of singaporeans own their homes.

[@ConstructionHoney]

Foreign investment funds these monster poor quality large developments that land up being financial suicide for the end user. The developers get away with literal murder. I'm a construction engineer and immigrant, would NEVER buy a new build in this country. Especially those built in past 20 yrs.

[@bochaba9]

People have been telling this story for years. I think it might finally people are listening.

[@zed5129]

Sadly majority of voters are owners or have a pre-crisis mortgage, and they're greedy, so I have no faith it's going change. Looking at where to go overseas.

[@Larimuss]

Yup. It's inevitable it will collapse the AU economy, it already is. The only question is how long I lasts. If the gov keeps this insane path 30% of Aussies will be out of a job and homeless and economy dead. Poverty widespread. And 1% rich af

[@adamw2253]

I give Matt Barrie so much credit for telling the truth.

[@johney3734]

Noooo wake up... He is telling you what you want to hear not truth.. it's far more than imagration and greens party.. open eyes

[@johney3734]

Make your bell warm and brain soft.. seek truth not validate

[@ThebigLebowski202]

​@@johney3734You reek of low IQ my brother.

[@mostlikely...]

Matt Barrie is correct 🇦🇺

[@pablosnackbar6417]

@@johney3734 don't stress mate they won't deport you.

[@David_dickinson]

Matt with the absolute bangers. Not holding back. He’s spot on. Realestate is sucking up all the economic energy and spirit of the people.

[@ericantone8709]

100% agree. Its crushing all the potential value that could be present in the economy. And what value is it actually contributing?

[@johney3734]

No.. he only feeds fake ideals of personal responsibility... That in it fore and only me thinking is what did this

[@ThebigLebowski202]

​​​@@johney3734You are persistently leaving the most mind numbingly drivel under each and every comment on this video. Take a step back and reassess what you are trying to annunciate before leaving another futile spasticated utterance, better yet stop the humiliation ritual and return to whatever third world hovel you dared to venture forth from.

[@sia.b6184]

Matt Barrie is a legend, he was my lecturer at Sydney Uni for some of the systems engineering classes. He was awesome then and is awsome now and also as far as I know the most successful business wise out of all of them. Right now, he is simply using his basic, simple (not complex - of which he is most capable) logic and math skills to know where its heading.

[@brett03747]

He's an engineer hey. Interesting

[@sia.b6184]

@@brett03747 He most certainly is. Matt also started a company before freelancer called sensory networks which at the time was developing IPS/IDS devices I believe. I had a tutor of mine who was one of the best students @ uni at the time who was working at sensory networks who now is also a very very very successful Australian entrepreneur whose latest company is absolutely killing it from what I can see. Thing is all these guys went overseas to start their businesses because they probably couldn't get the same opportunities here to raise capital. That is the saddest thing about all this. Our uni's produced absolutely brilliant people and they all bailed because the only money available in Australia is for property investment. A lot of other students who also killed it just went into your standard corporate jobs and decided to buy property and are now "property" people also .. that is pretty much all that is available if you want to stay in Australia.

[@craigt5301]

Keep talking Matt. Don't give up. There are many of us out here that hear what you are saying. It is nothing short of frustrating and maddening to see what is happening to Australia. Thanks mate you are doing a great job.

[@musicjuly3415]

Yep, the country has been going down the drain since the property development industry gained control. All out talent goes overseas when they become adults. We replace them with the discards from India, China, Nepal etc.

[@OGtalks]

I’ve shared this podcast with everyone I know .

[@DavidLockett-x4b]

Everything changes over time, and I think there is a significant political change coming that will make life better (if anything can be better than living in Western Australia), but I don't believe that Albo is the right person to bring about that change, because he and all of the other politicians have stuffed up the economy by introducing and supporting negative gearing, so that they can all get stinking rich by owning multiple houses, then they encouraged inflation in order to push the price of housing up to crazy levels. When the house prices crash they will all get burned financially.

[@chrisruss9861]

Research in England shows low skilled migration costs the country much more in services provided than the migrants produce. It would not be surprising if this was paralled in Australia.

[@michaelcalder9089]

Absolutely!

[@scottfree993]

@@chrisruss9861 Australia would be on steroids in that regard, the average Aussie is paying 300%+ extra for utilities compared to 15-20 years ago before the floodgates opened, not to mention health care and other public services.

[@keepitreal2902]

Mass migration is inflationary

[@Boababa-fn3mr]

It is the same in Straya. It has already been covered in other videos.

[@scottfree993]

@@Boababa-fn3mr true but many Aussies still in denial about it, agenda related I suspect.

[@bethbarrett6819]

This guy is far smarter, knowledgeable and principled than any other "expert" you will see in the media. Why is nobody else talking about the sham that is the current Australian economy and mass unskilled migration program? We need to clone him.

[@daniellesoulard5215]

Why aren't talking about it? It's called the wealth effect, seeing our properties and our parents properties go up in price makes us ignore the more important things.

[@grannyannie2948]

It's discussed regularly on Sky after Dark

[@gene3299]

I'm glad Matt is speaking up about the state of the country

[@vin.25]

This is one of the best videos I’ve watched in a while. This needs millions more views!!

[@Mothy2014]

My question is for those people who think having extremely high house prices is a good idea. Why did house prices up until the late 90's only cost on average 2x or 3x the average wage? This country went decades with people on an average wage being able to afford a house. They weren't thinking I'll double my money in 4 years. They were more concerned about providing shelter for their family.

[@peterforsyth962]

1999 Introducion of Negative Gearing & C.G.T ...Beginning of housing transformed into a REAL time GAME of MONOPOLY $$$$$$🏘🏘🏘🏘🏘🏘🏘

[@Aiden214]

Exactly. People are greedy now. They now think firstly, 'I could double my money and get rich quick'.. And the more people want to invest in, the more the price rises. People should just stop buying at these ridiculous prices.

[@tonyjones4861]

The answer is $ from the ponzi motivated people

[@NickWestgate]

​@@Aiden214Unfortunately, if you're not buying at those crazy prices, you're paying off the mortgage of someone who bought at those crazy prices - or paying similar rent to the rest of the investor class who raise rents to match "the market". It's sickening.

[@tommyj6481]

High house prices are generally bad for the economy

[@melanieparis8697]

Wow, I live in Australia and I was unaware of Matt Barrie. Very impressed 🇦🇺🇦🇺🇦🇺🇦🇺common sense.

[@Jag.aus16]

The following statement has resonated with me: "How winning a gold medal in the Olympics could impact the property market." In my view, there seems to be a lot of hype created by politicians, developers/builders, real estate agents, and media outlets, which is leading to a fear of missing out (FOMO) among the public. The lack of transparency in media reporting, as well as the disabling of comments, prevents people from gaining a complete understanding of the realities behind the stories. I appreciate your channel's commitment to honesty and transparency. Thank you for shedding light on the direction our country is taking.

[@SHRockz]

This guy is one of the most smart and straight up people on this issue. Wish he was making out policies.

[@jaysonbrady6831]

I used to work for Matt. Trust me, you don’t want him in charge of a country

[@innocentonokoko2006]

@@jaysonbrady6831 you right 👍

[@stevenponte6655]

@@jaysonbrady6831lol I went to uni with him for 4 years. Last guy in the world you in charge of things.

[@chessimate]

​@@jaysonbrady6831interesting. Can you elaborate?

[@onc9151]

@@jaysonbrady6831 may i ask why? really curious

[@ralphsimpson4593]

Absolutely correct. All brought to you by Labor and Liberal over 20 years.

[@josephj6521]

Mostly Liberal, who have been in government for 20 of the last 28 years who gave us the capital gains tax changes and began the mass migration impetus plus kicked off a mass student migration program.

[@MsSeine]

Both with a shared interest in property.

[@MsSeine]

@InHisReign-n5y Whether they do or don’t own their homes, it appears they’re promoting equity given their policies. They can’t be blamed if they’ve never held government ?

[@TheNanipounani]

​@InHisReign-n5ydidnt realize they ever got in Government😂

[@Give_Peace_a_Chance123]

​@@MsSeine like Ireland whos government ownes a lot the city properties and rents them out at hugh profits😢

[@thisthattheother7541]

You will never hear this podcast (essential listening) on mainstream media. It is impossible to despise our craven media enough.

[@Keep_calm_and_slave_on]

I’m glad I saw this . I’ve been sold a lie from the mainstream media

[@MaxEdge-pf3pp]

Enjoy it while you can. Soon such honest opinions will be criminalized as "misinformation". That's right, having opinions that diverge from official MSM narratives will soon be illegal.

[@ThebigLebowski202]

The media in this country is on another level of feckless depravity it would almost be amusing, if they didn't wield absolute iron dominion over the Overton window and by extension the dialogue around mass immigration.

[@robt8042]

Media is the real government, they control the brainwashing.

[@austinbar]

I’m closing in on my retirement and I’d like to move from Collinsville to a warmer climate, but the prices on homes are stupidly ridiculous and Mortgage prices has been skyrocketing on a roll(currently over 7%) do I just invest my spare cash into stock and wait for a housing crash or should I go ahead to buy a home anyways?

[@jcurdrayeric243]

If anything, it'll get worse. Very soon, affordable housing will no longer be affordable. So anything anyone want to do, I will advise they do it now because the prices today will look like dips tomorrow. Until the Fed clamps down even further, I think we're going to see hysteria due to rampant inflation. You can't halfway rip the band-aid off.

[@joshbarney114]

Considering the present situation, diversifying by shifting investments from real estate to financial markets or gold is recommended, despite potential future home price drops. Given prevailing mortgage rates and economic uncertainty, this move is prudent, particularly due to stricter mortgage regulations. Seeking advice from a knowledgeable independent financial advisor is advisable for those seeking guidance.

[@rogerwheelers4322]

This is precisely why I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $800,000.

[@FabioOdelega876]

Can you provide instructions on how to contact your advisor? I'm experiencing erosion of my funds due to inflation and looking for a more profitable investment strategy to make better use of them.

[@rogerwheelers4322]

I've experimented with a few over the past years, but I've stuck with ‘’Marisa Michelle Litwinsky” for about two years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.

[@tonyhunter1903]

I like Barrie Barrie, because you can tell he has done very well, but has an amazing ability to relate to the every day person.

[@PaulDickson7]

As a 41 year old who has rented his whole life the state of the housing market and economy makes me so stress and nervous. It's now 50% more expensive compared to 2019 to live in my home town of Adelaide. The media ponzi posted a 15% increase in housing here making the new median house price $800K in Adelaide. It's difficult to buy into the market when the house that should cost $500K is now $850K. I would prefer to move overseas and live in Malaysia or Vietnam than conform to mortgages in Australia. I just don't see it getting better. Asset owners have become very greedy and the banks/government are all servicing the corporations to increase their profits and destroy the middle class in this country. It truely is depressing to live in Australia these days.

[@Mothy2014]

I'm from Adelaide as well, and I'm shocked at how quickly prices have doubled in some of the worst suburbs.

[@thisthattheother7541]

Hearing this more and more, motivation to seek a more sane life abroad has never been as appealing as now. Feels like I love this country more than it loves me at times. So sad.

[@user-xm2gz4zk9i]

A 41 year old friend of mine moved to Hungary, few years back. Since, he bought a large unit for ~220K, cash paid, and lives like a king. He loves it, no migrants, plenty of work, nice people and it is very affordable.

[@Mothy2014]

@@user-xm2gz4zk9i sounds great

[@thisthattheother7541]

@@user-xm2gz4zk9i great political leadership is why - there on behalf of the people, and not the globalist cabal

[@davidcarey9135]

His ideas make complete sense. Wouldn't hold my breath any of them happening with corporate capture of the political system.

[@paulwheeler8511]

We will get what we vote for. Look at one nation's policies, and you will see a way out.

[@Boababa-fn3mr]

We'll collapse under the own weight of our collective stupidity. There's no recovery.

[@ryankirby5093]

matt barrie GOAT

[@Keepmywifesnameoutyafucknmouth]

So tape the top and then tape

[@ericnatapradja]

It's unfortunate that this video won't reach the masses, and many will disbelieve it because they're so heavily invested, only to deny that it could ever happen. If you need a home, get one because you truly need it. Just make sure you're prepared to weather the storm for multiple years if a downturn occurs. Stay blessed, viewers.

[@jonv570]

when I lived in Germany a German said to me that Australia will fail despite all its economic advantages I asked why he said, because Australians won't work weekends

[@jamesf1935]

​@@jonv570 that's not true at all, and also wouldn't be the reason for australia failing. Watch the video ☝

[@jonv570]

@jamesf1935 I've watched the video, Australia has squandered its natural resources, reducing 30 years of government mismanagement enabled by apathetic citizens to its to much immigrants is weak.

[@jonv570]

@jamesf1935 Australia is like that kid on your team that's so naturally gifted he doesn't train hard and thinks he can cruise meanwhile his team mates train hard and surpass him. Australia has fucked itself and no one can unfuck it.

[@alexwest4629]

@@jonv570 heavy boot licker vibes mate...

[@Mike-d2m2u]

Thank you for hosting Matt Barrie. As Matt stated, the Australian housing market is a massive Ponzi scheme. If the Free to air channels had a backbone and were not part of the Housing Ponzi Scheme, then they would show this KZbin video in full on National TV. Incredible insight from Matt.

[@lemillion8394]

I am a computer scientist with a stream in AI and systems architecture. The first thing I noticed on arrival is a lack of good jobs in the industry and very little economic complexity especially in the tech sector (mainly in start ups / innovation) Cost of living doesn’t balance nicely with a good standard of life for highly skilled workers. I think you’ve summed up the issues in Australia perfectly and hope someone like you ends up in politics. I’d vote 😉

[@stevepy6758]

The parallels between Australia and Canada never cease to amaze me. Countries with vast resource wealth that is squandered by a government/population that is fixated solely on short-term gain.

[@andrewthomas695]

Did we not do this to ourselves? Remember, Bill Shorten took this to an election, and the Australian people went with Scott Morrison. We have a nasty tendency for voting for the other guy when a politician does the right thing. We need to stop blaming "the government" and go to the mirror for who is responsible.

[@dannydan7201]

Bill was right all along.

[@AD-mo5sg]

I voted for him, but I felt alone in doing so.

[@PaulDickson7]

I think Comedian George Carlin said it best about the American public, the same rings true for Australians

[@josephj6521]

Agree. Most people are sheep following the narrative of the Murdoch press and the Liberal/National party. We must wake up!

[@elryo9]

Hindsight is 20/20 but looking at how things have turned out, Australia made the wrong choice in 2019.

[@sugimoto2389]

House prices as a multiple of income are destroying the birth rate....

[@fatwombat2611]

They will just use mass migration to make up for it.

[@MrNoobophile]

No it isn't. The evidence around the world completely refutes it.

[@Keep_calm_and_slave_on]

I’m mad as hell !!! They lied to me about the Australian dream

[@paulba6697]

Birth rates are declining everywhere. The specifics of Australia’s housing situation is unlikely to be the primary driver.

[@johney3734]

It's total cost of children.. ppl choose reproducing or prosperity

[@gingerkilkus]

Back in the day, when I purchased my first home to live-in; that was Sydney in the early 1990s, first mortgages with rates of 8 to 9% and 9% to 10% were typical. People will have to accept the possibility that we won't ever return to 3%. If sellers must sell, home prices will have to decline, and lower evaluations will follow. Pretty sure I'm not alone in my chain of thoughts.

[@hasede-lg9hj]

Home prices will come down eventually, but for now; get your money (as much as you can) out of the housing market and get into the financial markets or gold. The new mortgage rates are crazy, add to that the recession and the fact that mortgage guidelines are getting more difficult. Home prices will need to fall by a minimum of 40% (more like 50%) before the market normalizes.If you are in cross roads or need sincere advise on the best moves to take now its best you seek an independent advisor who knows about the financial markets.

[@lowcostfresh2266]

@@hasede-lg9hj Impressive can you share more info?

[@lowcostfresh2266]

Impressive can you share more info?

[@hasede-lg9hj]

There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with Annette Marie Holt for about 3 years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.

[@leojack9090]

Thanks a lot for this suggestion. I needed this myself, I looked her up, and I have sent her an email. I hope she gets back to me soon.

[@charleshopley7042]

The most realistic summary of Australias economic woes I’ve seen. A masterclass. Thank you.

[@georgea44]

After deindustrialization of the 90's 00's, regional towns which were full of heavy industry with front offices but have been gutted as an option for young people to live a life. What’s left? a handful of CBDs with concentrated professional services jobs. The great sorting is well underway.

[@Boababa-fn3mr]

Yes, which is why "cheaper" housing in regional areas is rarely a viable option for citysiders of working age looking to escape. Those local economies can barely support the existing population as it is.

[@Funkteon]

@@Boababa-fn3mr Exactly... Case in point - Footscray has more job opportunities listed on Seek than the entire state of Tasmania...

[@choopa1670]

Matt Barrie is the only rich person in australia sounding the alarm and telling the facts.

[@CertifiedAdobePS]

Matt Barrie is an amazing person so far👍

[@GinaTheTruthTellingCrab144]

Matt Barrie bless you for being so honest

[@AUThePunisher]

Matt Barrie is NO BULLSHIT talk. Well done mate!

[@LeviAppleton]

Well said. One of the best summaries of the REAL issues Aussie’s are facing. Some pain to come but we need to face the reality of our economic situation for our kids sake.

[@ronmcglynn4662]

This guy's spot on. Excellent presentation! I'm 67 years old and one of the endearing characteristics of being an Aussie was that everyone could afford to buy a home, including a back yard. It was always hard but within reach even for working class people.

[@xxiv-xviii-xvi]

Mate, first time coming across this gentlemen and I totally resonate with everything Matt is stating! I feel like every aussie needs to see and know what state our country is in with this summed up 50min clip. Corrupt unelected politicians are running this great nation into the ground sadly!!

[@thebeaumontchildren5998]

This is excellent and should be out in all media 👍👍

[@Mothy2014]

One thing he said is 100% true. We should be the richest country in the world

[@michaelryder9885]

Just ask yourself why the Tony Abbott government in 2013 basically defunded the car manufacturing industry (which generated approximately 70% of private sector research and development in Australia at that time), whilst simultaneously halving CSIRO funding. Our governments over the last 30 years have been consistently turning us into the dumb country.

[@ThebigLebowski202]

Agree with that albeit I believe it's a non-partisan issue as the rot has infected the two-party system to the core. Duverger's law will strike back with a vengeance at the coming election, and with it the promise of a real political change as the cultural zeitgeist shifts toward nativism. Now to find a good demagogue to whip up the masses (that isn't Pauline Hanson or Craig Kelly 😅).

[@Bigwilkdaddy]

The economy has been on borrowed time for a while now. Ask yourself, why does government need to subsides industry?

[@simoncolmer669]

This was absolutely amazing to watch. Thank you!

[@gabb7682]

Houses are going between 1.800.000 to 3.800.000 , we need a drope of 80% to have a none stupid mortgage and buy a house. My income has increased by 30%due to my studies but in gold value it has gone backward 40% in just 5 years !!

[@ArtThermon]

Remember one important thing. The monetary system relies on peoples confidence and the belief that the "value" of an "asset" is what we all agree it is. Everything is relative. As soon as that confidence starts waning, the imagined value we think something has , also starts to dissolve in front of your eyes.

[@78IndigoBlue]

Don’t forget the MAD bill will make it a crime to break confidence in the financial system…. We won’t be allowed to have these opinions

[@bonita2011]

Great guest. A refreshing, informed and enlightened view of the 'housing crisis' in Australia and it makes sense. Matt's analysis and solutions for the disaster are spot on.

[@XXLuigiMario]

It's funny how despite the low views this video has, KZbin would rather recommend it to someone like me, from Catalonia, than other Aussies. That said, I do quite follow this kind of content from other places and it's interesting to see how everywhere is fked in its own special way.

[@caitlin7932]

I am aware of multiple situations like this: immigrant couple open an NDIS coordinating business. They employ relatives on working visas to be support workers and eventually transition to Permanent residency/citizenship. They get their parents (who arrived with them) on the NDIS for PTSD (psychosocial disability) due to the wars in their home countries, and then all their children on it too due to ADHD and Autism. One agency running this scheme can support an entire multigenerational family on australian tax dollars. On family in particular has both grandparents on NDIS, the parents run the business, their cousins and siblings all employed as support workers, and their children as NDIS participants too. No doubt their nieces and nephews are also participants. Apparently this is all above board and legal. Crazy.

[@chooba77]

So our government doesn't give a rats ass about Australian citizens

[@sambland3903]

They haven't for a good decade at least.

[@tingtong5898]

​@@sambland3903 over 2 decades.

[@gregbailey45]

It sure seems that way!

[@chrisb3189]

Abbott cared

[@tingtong5898]

@@chrisb3189 Keating was the last PM that cared. He is the reason I have a choice to retire at 60 years old on my Super.

[@jimbrown5268]

Matt is a gem

[@ninzohancock4493]

This man is brilliant!

[@Nikkska]

Excellent interview, I’d love to hear more from Matt Barrie on Equity Mates again! Would love to hear from more well researched guests on this topic, subscribed!

[@jenniferhodgson4165]

Great discussion very true and scary for future generations. I am a baby boomer and my parents always owned a house it was a given. Not being able to own a house effects peoples' lives and their children's lives and so it goes on. I am sure many people are unaware of the true implications. Cost of living crisis hurts so many people. Thank you.

[@julianbrattoni]

Get this conversation onto the ABC so they can stop reading out of the Ponzi-playbook. Thank you, gents. What a sobering listen

[@edithflood631]

ABC will never broadcast a narrative that contradicts WEF internationalist or supra-nationalist prerogatives. Every word resonating out of Matt Barrie’s mouth spoke truth to power. The ABC hates that.

[@QueenieAlexander2000]

The ABC is a significant promoter of the problem. Humans respond to voices of authority, and the ABC's pleasant and reasonable mask continues to confuse many. Likewise the commercial brands of legacy media. They are like the church in theocracies; it is very hard to think against their repetitive assertions.

[@itsonlyafl3shwound]

The housing market has been a distraction used against Australian's whilst our resources are syphoned away without royalties or appropriate profits! Our previous governments need to be investigated for this conflict of interest as so many when on to work for these companies after they passed the deals in government.

[@Chris-sq7bh]

In 2017, Matt Barrie wrote a great essay called “Australia’s Economy is a House of Cards”, which at the time garnered a lot of attention, then died a natural death. The vested interests won’t listen. People power may work. People have to demand that their federal representatives introduce changes (to negative gearing and CGT discounts) that will bring about the normalisation of housing affordability. Unfortunately most people are home owners, and don’t want to see the “value” of their house decrease. They forget they have kids, and grandkids who are, and will be affected by housing unaffordability.

[@NormanMaguire]

Which means they are killing their own families in the future off.

[@ArtVentriss]

And if you think " this cant happen in Australia" well it's already happening. One example is how Australia manages its natural gas. Australia, though now being the worlds largest gas extractor/producer cannot even properly supply ITSELF for domestic and industrial use. The fact is that except for WA, Australia does not have a gas reservation policy to secure gas for its own use but most is exported at little cost .(its actually far worse because almost half Australia's gas is exported with NO royalties at all and goes out for free) So one should ask how our Australian "leadership" (political & commercial) would sign the country up to such an incompetent and stupid deal?? But they did. Throw in the multitudes of corruption and mega rorting that has been found in many areas of transport, energy, privatised training & education, health ( NDIS) , medicare, construction, housing , aged care and don't forget the industry of aboriginal affairs just to name a few and the list goes on. This country is very poorly managed at the expense of ITS OWN welfare and future prosperity.

[@brent1510]

Great summary of everything that's wrong with Australia, the truths that most of us know but as Matt points out: it either personally benefits us (home owners) and we vote accordingly, or are simply left behind. I don't see this ending well either long-term: a country that's nothing more than a foreign owned mining operation with a housing market. What can go wrong....

[@droversdog757]

Dead right.. we don't seem to have autonomy over our own country. The 51 st state of the USA. We've been giving away our resources for decades. Our negotiation skills are a joke and have always been a joke as far back as I can remember. Sadly the politicians of today are either incompetent libs/Nats. Or spineless Lab. It's totally depressing and getting worse. I'm from a generation that can own a home. I feel so sorry for the under 40's.. Matt's first comment. We're fucked is unfortunately true . Fucked on so many levels that it's mind boggling.

[@Boababa-fn3mr]

Ultimately, we're done for, along with many other western countries, like the fall of Rome and other empires and civilizations before us. Our entire civilization is on the brink of crumbling away. However, if renters become the majority, they will begin to vote in more tenant-friendly policies against the interests of owners. That's still years away, though.

[@Margarinethebutterlover]

Really interesting. I have been screaming the same (albeit internally) for some time. And recently I have seen a significant change in my own community, and how this is finally starting to take affect. No doubt, some people are cruising, riding inflated costs, but for so many it is really brutal, and becoming very difficult.

[@hughdevaux2994]

Went to Adelaide, got in a cab. Driver from Nepal, "studying" community services ... asked how is Community services taught in Australia valuable back in Nepal? It's not, just waiting for citizenship. Net effect : Devalues any migrant from 20+ years ago that had to show qualification and professional experience to migrate.

[@HS-PGA]

I guess he’ll never be invited onto a Mark Bouris pod cast .

[@HP66856]

Laughed out loud at this.

[@HelloMyMan1]

Matt thanks for saying this. I was saying this to my wife but she did'nt really believe me. She needed someone like you to explain this

[@plexor8350]

"Australia is a lucky country run mainly by second rate people who share its luck." The reason why Australia is no super power even though they're sitting on a vast amount of resources but decided to give it away freely or not utilise it efficiently. Australians need that quote to be sunk in and wear it as a badge of honour because these advantages can go 2 ways. Now it has leaders acting like rich spoiled kids, and it doesn't take a rocket scientist to know where this will go.

[@basilio5150]

Champion Bloke speaks the truth and backs it all up with real Data.....this is a guy who loves and cares about his country....Thankyou Mr Matt Barrie

[@TheGunmanChannel]

Make this man PM!!

[@thepowerofsteeam3518]

This needs to be on Australian news every night for a month !

[@Giddos_Prospecting]

Great guest. I am saving for a property with my partner, I got into gold, I'm getting there much quicker now. Don't save Fiat dollars save Gold....36% ROI this year.

[@neilr4867]

Smart man. Keep stacking the shiny stuff and you wont go wrong.

[@timmat8029]

Gold is actually flat over the last 20 years if you take account of debasement of the dollar at a minimum 4% pa. Index funds are better at 8%.

[@Giddos_Prospecting]

@timmat8029 exactly this is why I do not deal with any dollars or derivatives. Good luck your going to need it....

[@peterforsyth962]

Respect for Matt ...way too smart to be PM SADLY🤫🤫🤫🤫🤫🏘🏘🏘🏘🏘🏘🏘🏘🏘🏘🏘🏘🏘🏘🏘🏘🏘🏘🏘🏘🏘🏘🏘🏘🏘🏘🏘🏘🏘🏘

[@Tmate4444]

House prices in the big cities (melb, syd) isn't even a major concern. It's the fact that 50km OUTSIDE of the cities, houses still cost insane unaffordable amounts. And minor cities are priced similarly to major cities.

[@lukasvymetal2665]

A house is not a place to live in anymore. It's an investment. The government is accountable for this crisis!

[@andrewthomas695]

@@lukasvymetal2665 No. The voter is. But I guess it's easier to blame "the government" than face the possibility we might be the problem. 🙂

[@scottfree993]

@@andrewthomas695 not much alternative when both major parties are responsible for the current situation, the voters are screwed, the only solution is a referendum on how much immigration is acceptable and how much people are prepared to sacrifice in terms of extra taxes and price rises to continue these levels of immigration, that's the part that wasn't made clear beforehand and some are still in denial about.

[@keepitreal2902]

​@@scottfree993Imagine a democracy that actually offered people a choice...we know that will not happen

[@lukasvymetal2665]

​@andrewthomas695 elections are an illusion that sheepl have options to choose from, but they are all just puppets. A good example is Biden

[@scottfree993]

@@keepitreal2902 yes, I'm not holding my breath, Australia really needs 3 referendums, for immigration, NDIS and the viability of it going forward and negative gearing, they're the major issues that could potentially bring Australia to it's knees if not addressed quickly.

[@actualfacts1055]

First home buyers have always had to move to the outskirts of a city, the outskirts of Sydney is now Lithgow.

[@gregmelrose9282]

The average price of a house in my suburb is $3.5m.....about 40 times average weekly earnings. Our children are priced out and have left. There are no young people able to move into the suburb. This absurdity is the result of aggressive nett immigration for many years at levels up to 500,000 people per annum. A single policy change to reduce this to say 100,000 pa would IMMEDIATELY stop this property madness.

[@Spacemonkeymojo]

What suburb is that?

[@edithflood631]

Stopping immigration will (was going to say “would”) collapse the banks. That is why both major parties support massive immigration. To prop up the banks. That is also why both major parties supported the “bail-in” laws a few years ago: so banks could take our deposits to save themselves when the property Ponzi inevitably ends. It is going to be a messy ending, with recriminations all around. The little people will be hurt the most.

[@Spacemonkeymojo]

@@edithflood631 I bet I couldn’t withdraw my money from the bank without inducing a bank run that’s how retarded the banks are.

[@tobysmusings]

The whole property market needs a massive price adjustment- but now it’s too big to fail. So the cost of keeping it going becomes our living standards and social cohesion. Property wealth built on debt and speculation is fools gold.

[@SJRPhotographics]

Only 13,000 views, but this should be seen by millions more

[@bertie21able]

What an amazing interview. So concerning as an Australian not even halfway through their working life though

[@vonnykintore]

The only one making sense! Thanks Matt

[@saturupiah5940]

Excellent and a very important conversation. Even for unskilled work now the wages are crazily high Saw them offering NDIS workers $55 p/h. What a rort!

[@Rojosi]

Matt is spot on. Leith Van Onselen another econ commentator emphasising the very same points

[@darkphoenix8350]

except the fcking racist trash was anti-Asian

[@maryjeffries5255]

Fantastic! Go into politics and save our Australia. You got my vote!!!

[@ankitchopra6868]

Matt Barrie for PM!

[@tomr5389]

One of the best podcasts I have seen on the subject! Great work

[@hermanmills5455]

This is one of the most honest and courageous interviews I have heard in a very long term

[@danieljames4050]

Duel incomes in the 00s also had a disastrous effect on increasing house prices. It meant working couples could afford to bid more on houses, which naturally increased the house prices in the cities.

[@ArtVentriss]

The writing is on the wall that this country will end up like Argentina. Alot of natural resources, lots of land but basically shit management - weak ineffective government who for the most part ( except for a handful of politicians that do actually care about people) pander to vested interests and a media industry that is generally NOT interested in promoting good governance but in fomenting distraction and opposition to almost ANY planned government program.The media and politics and the many vested interests in this country is one big circus and the average mug in the street being mostly unable to think critically is incapable of seeing that for what it is and is consequently easily manipulated by those vested interests. I personally, have very little faith in either the quality of leadership ( political and economic) in this country or the ability of the populace to know what sound management of this country even looks like. The country is getting the leaders it deserves and it will soon end up an economic basket case.

[@Bobafe77a]

Cheers to Matt for articulating what many of us know to be a property ponzi scheme. The big question is ; When the bubble bursts, where does this leave the banks ?

[@kenison-jt8st]

Alot of renters who are on the pension or centerlink payments or in childcare or elderly care are nolonger able to afford rents in qld. Its been this way for a while. Dual income families are living in tents while working. Yet rents keep going up and housing prices are still going up.

[@NNM-sc3rj]

This guy is epic!.Everything many of us have been thinking, succinctly stated! Cheers.

[@mchaves7663]

It is a disaster... A café I used to go closed its doors last July after 10 years of operation... They couldn't afford the new rent 11k/month

[@markl5990]

Matt articulates my thoughts (since 2016) on all these issues perfectly. He also makes the VERY important point that this is another product of Australia's duopoly economy where our two major media companies (Nine and News) own our two major real estate companies (Domain and REA). Ever wonder why the News Corp media have so little (relative) interest in the housing crisis or our private debt bubble yet panic over any government debt at a fraction of the level? Skin. In. The. Game.

[@neilewins9920]

The truth hurts and is seldom recognised...what a gunslinger this fella is...make him PM ffs

[@turgutkapisiz9006]

I have been hearing for the last 25+ years there is a property bubble in Australia. I am yet to see it. Great to hear a negative view of the property market, but cannot say I agree with the comments being made. We have seen minor corrections over time, which is expected, however, a crash happening more than say 25% seems less and less likely. Agree that Australia's economy is down the drain - pressure on day to day costs for living, pressure in the job markets, consumer spending being low, little to no manufacturing, interest rates being higher than what most people can afford etc. Hope some of this corrects over time for our future generations.

[@razadaza9651]

Great stuff, someone who’s actually in touch with reality

[@markusdvs1]

Awesome listen guys thank you

[@SCoon-bu2po]

Great chat. Thanks guys .

[@stronzer59]

This is a true story In 1975 a very large Viet family bought into Springvale buying a small 3x1 Easy 15 plus people. After just 3 years they owned it One by one they purchased the entire street, they now own the entire suburb. On your own is a struggle, with a Clan the world is possible

[@Yasmirr]

I have been saying this for over a decade but vested interests in politics keep maintaining the bubble. The longer the bubble goes the worse the economic impact.

[@anonmouse15]

There is nothing "vested" about it. It's blatant.

[@Funkteon]

Housing will never go down in price because the bank's next move will be to popularise 50-year mortgages, and they will then lobby the government to change the laws to allow the banks/lenders to go after the next of kin for the debt when the debtor dies of old age... I give it 10-20 years from now and you will start seeing multigenerational mortgages being advertised.

[@thomastji]

Matt Barrie for prime minister. He is so right!!!!!

[@mostlikely...]

Matt Barrie is correct 🇦🇺

[@rakeshvashishta]

All countries around the world are facing similar challenges, I live in Germany and housing here is unaffordable too. Basic issue is that Australia has relied on simple narrow based economy model dependent on natural resources and real estate, whereas US, Germany have a broad based complex economy. I still believe, comparatively Australia situation is not different than most developed nation. There seems to be no easy solution in this globalised world.