RBA Confirms: Property Market is Facing a Perfect Storm

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Күн бұрын

Пікірлер: 46

@rickhealey3460 5 ай бұрын

Thanks. I would be please to hear your views on what airbnb (type) has done to the supply of long term dwellings. Currently it is profitable for people to have a holiday rental, not so much negative gearing at the moment. Airbnb have grown 15% year on year taking supply out of the market. Why is there no mention of this? The housing crisis started during covid when there was no immigration. Just before covid Brisbane (close to where I live) had an over supply of dwellings. About 6 months into covid, it became really hard to find somewhere to rent. Now, the over supply of homes were not knocked down, we had no imigration, what happened? It just continued to get worse. We may also need to consider foreign investment in the property market. It would be interesting to know how many foreign owned dwellings stand empty.

@markovasil1608 5 ай бұрын

15 years of property development and the past 2 years I’ve not started any projects. Councils and government policy are to blame the supply issues which has been agrivated by recent rising material costs. Some interventions include; 1. 35% min garden space reqs, this creates unusable dog boxes or renders many sites infeasible 2. Off the plan stamp duty concession 3. First home buyer grant for new dwellings And more since 2017

@Pokersmith 4 ай бұрын

Made my money off property, time to get out. Selling last investment property next month but it allowed me to retire at 52. Good luck to all for the future.

@jonathanrabbitt 5 ай бұрын

Household size has barely changed in a generation. That argument is a red herring. We actually survived the decline in household size (80s and 90s) without any adverse market effects.

@dazd7502 5 ай бұрын

Thank you for this great report.

@InvestmentRiseTV 5 ай бұрын

My pleasure. Glad you found it helpful

@MrRebelvn 5 ай бұрын

high quality analysis as always. TY

@bfth121 5 ай бұрын

💯

@InvestmentRiseTV 5 ай бұрын

Thank you. Appreciate it!

@CineTechGeek 5 ай бұрын

we may be years away from the end of the property crisis but we are also months away from a recession. if you buy now it is highly likely you could end up I negative equity and uncertain job future. if you have the money and a long lived home ok, otherwise be careful.

@pauly300300 5 ай бұрын

Demand is to strong rent it out and it will pay it self off..

@jackfieldsjack1061 5 ай бұрын

Renting is better to live in inner Sydney 500per week house. That's worth 2.5m is better than paying a mortgage of 3300per week and deposit of 380k

@anitacohen8753 5 ай бұрын

Australia....too many mugs who thought somebody else would pay the mortgage! Time for a change.

@allantoepfer3932 5 ай бұрын

What also needs to be taken into consideration is the collapse of so many construction companies, and the collapse of supply lines , shortages of qualified labour, higher building costs and higher interest rates .

@paulnotdownunder3172 5 ай бұрын

What...does..this..mean..

@chuzzbot 5 ай бұрын

Housing speculation and exploitation should be heavily disincentivised, including flipping.

@jackfieldsjack1061 5 ай бұрын

Good presentation... I have property. I'm. Renting in Sydney inner city. It's a 2.5million house close to train station, schools and 15 minutes to beach. I pay 500 per week. To mortgage a 2.5 property it's 3300per week . My rental property is 650/ week.. Mortgage wise fixed at 2.6. 5 years or 400 per week. RBA needs to increase interest rate to 10 % to fight inflation.