Should You BUY NOW?! Interest Rates & The CRAZY Housing Market Explained

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Mortgage Broker Australia - Hunter Galloway

Күн бұрын

Пікірлер: 47

@MortgageBrokerAustralia 6 ай бұрын

📚 My Free Resource Hub & Education Community go.huntergalloway.com.au/hub

@markovasil1608 6 ай бұрын

Melbourne prices have gone higher 10-15% since 2017. That’s 2% a year! Negative gearing vs interest rates about 3%, CPI at 3% plus maintenance cost/rates etc. Property needs to go up 10% per year to be worth it! Once investor wise up property will drop or stagnate over a large period of time

@bendredge6947 6 ай бұрын

Yes but while doing that they have made it impossible for people to live in a home. Go play with your money somewhere else .

@jadethompson5269 5 ай бұрын

We bought our house in a Logan suburb 2 years ago for 550. We were a little bummed because we thought we were likely buying at the top of the market after the covid boom. I had friends advising it might be worth waiting for the “surely oncoming price correction”. The estimated value dropped slightly for two months and has since jumped up to be valued between 664-723, but we have been seeing similar houses being snapped up for 700+ mostly by big immigrant families who need the bedrooms. Glad we didn’t wait!

@af7567 4 ай бұрын

Hi, I am wondering if Truganina and Tarneit of West Mel are ideal to invest in, especially when the new or fairly new houses with land content are selling around $700k for a 4 bedder or $600k for a 3 bedder instead of buying a strata property in Mel. Any opinion please.

@ricecrash5225 5 ай бұрын

Went to an open home today in Brisbane. 3br, 2 car park townhouse. Average quality place in Morningside listed from $800k . Would have had 40 groups through. Insane.

@BigCgull 6 ай бұрын

I feel some of these suburbs mentioned in BNE are due for an urban renewal phase. The core infrastructure already exists as well as public transport. A Lot of these homes unfortunately are well over priced, I guess this is the reality of all major cities and the city boundaries expanding so quickly.

@susmusmanoj112 6 ай бұрын

Aah video ... Not a podcast ... Let's watch 😊

@MortgageBrokerAustralia 6 ай бұрын

Haha thanks for watching!

@Ehtizan-Editor-001 6 ай бұрын

Hey Hunter Galloway, I just watched your video and I must say that it was really informative and well-made. I was wondering if I could help you edit your videos and repurpose your long videos into highly engaging shorts? I can also make high CTR thumbnails for your channel

@anthonycalleja7223 6 ай бұрын

I think Might end up with high prices and could be hard to sell later on or they might go down.

@MidnightPursuit 5 ай бұрын

You do not need to have a property portfolio, a house is just somewhere to live.

@ausroyal 6 ай бұрын

Great info! I have a HUGE deposit, no debt and still can't get approval for enough to buy a small home for me and my family :(

@joekeegan-yc4nm 6 ай бұрын

Maybe a sign, to move. You can return later if still applicable.

@joekeegan-yc4nm 6 ай бұрын

I was just watching the part in the video when the fella says the words I was lookin' for. He reckons some may look to move to an area less than ideal to build equity.

@ausroyal 6 ай бұрын

@@joekeegan-yc4nm totally, I’m in Perth so I am already in one of those areas. I’m looking at houses which need some work but the amount of work that would be required for someone of the houses that are available require $80k or more in repairs. I can afford something in a rural town like Kalgoorlie or Geraldton but that would not be practical for my work or my family.

@devzy844 6 ай бұрын

Don't delay any further, 80k mite seem like alot now but you dont have to do all the work at once, you will have that amount plus in equity the way things are going. Which areas in Perth are you looking at?

@TSe-h3q 6 ай бұрын

Get a better job to afford the loan

@dilipmavireddi 6 ай бұрын

Raise it till you see it disappear in the sky… guess learning to live in tents! Is much better

@bendredge6947 6 ай бұрын

Get rid of investors. Homes are for living in.

@WaitWhat99 5 ай бұрын

Unfortunately even if there were no investors, there would be no rentals. And a lot of people just dont want to own a home 🤷‍♂️ For example, I move around the country every year for work. I buy properties, live in them, then make them midrange rentals when I leave. My tenants are usually FIFO guys, contractors for government works (hwys), police and rfs officers and their families that get relocated every 1-2years etc. They have no interest in buying or the headache of owning. Without investors, those people would have nowhere to go for the short period of time they’re in that location working. BUT theres gotta be a middle ground. Right now theres SO many overseas investors buying up the place, I cant get homes for myself or my tenants. They’re screaming for rentals. Its shithouse.

@bendredge6947 5 ай бұрын

@@WaitWhat99 Ok , I get what your saying and what you are saying is fair. So maybe we shouldn’t have overseas investors gouging the market.

@bendredge6947 5 ай бұрын

@@WaitWhat99 I personally rent rooms for.a modest amount of money to help pay the bills.