"6000 properties selling under distress" Mark Bouris & Louis Christopher

[@yellowbrickroadtv]

Thanks for all the great comments. Have a question for Mark and his next guest? Please drop them below.

[@stevanpejic8517]

When will Mark interview Mark Barrie?

[@jezg084]

Interview Matt Barrie

[@Nick-mq9vz]

@@yellowbrickroadtv Home owners with a mortgage seem to be the only ones doing the heavy lifting when it comes to high interest rates. Will we even be thanked or applauded for our struggles when inflation and rates lower?

[@PyjamaLlama]

​@@Nick-mq9vz Is this satire that I'm not getting? You expect to be thanked for being able to pay your mortgage?

[@Nick-mq9vz]

@@PyjamaLlama Yep with the massive amounts being asked from us. The rich or those that own a home with no mortgage arn't affected at all by high interest rates. Don't believe the saying 'we are all hurting' because it's absolutely not true. The only argument you could have is for renters where some of those high costs are passed down. But it's not to the same degree of servicing a home loan. I'm only telling you the facts.

[@HS-PGA]

Major media owns realestate platforms pushing FOMO culture years and comparison . Channel nine property shows constant news segments almost daily of prices going up has created an obsession culture .

[@imhosydney]

Interesting point and esp given Mr Cristopher didn't want to stay in those organisations when API got taken over. Good to have some factual objectivity in the market.

[@Whisky_Warrior]

Bingo! Almost a weekly story about how ONE property has exceeded reserve by hundreds of grand. It builds a perception rightly or wrongly and the media knows exactly what it is doing. They could of course focus on many stories but they regularly choose the one that creates FOMO.

[@egs123able]

@@Whisky_Warrior daily! All media, papers, social apps, tv, radio - it's shoved down our throats to stimulate FOMO

[@redgatecrt]

Love it!!!!! The more suckers the better. How else do we profit 😂

[@simplefilemaker327]

Australia imported 500,000 uber driver in the last 6months

[@diegoperez.]

All of them uber drivers huh? 😂😂😂

[@josephj6521]

Ok, some are massage experts and chefs, ahem, pleasure providers.

[@jezg084]

@@josephj6521don’t forget yoga instructors.

[@simplefilemaker327]

@@diegoperez. some of them uner eats

[@darren2351]

@@diegoperez. The other half are now manning customer service centres lying to and gaslighting Australians and single handedly eroding our once great nations standards.

[@jackman2865]

Matt Barrie interview when

[@yellowbrickroadtv]

We're working on organising this, will keep you posted!

[@lukeylanguages2343]

@@yellowbrickroadtvyes please do this, it would be an incredible episode.

[@jameswillis8969]

Creating Government jobs is inflationary, because more bureaucrats that don’t make any goods, or supply any market services, just adds to the demand side of the equation

[@josephj6521]

Unfortunately the previous government removed too many jobs and there is an enormous backlog of work that needs to be done by all government departments. This is never reported. We cannot have a functioning government if there aren’t enough staff. The previous government also outsourced a lot of jobs to companies their mates owned. This cost us more as outsourcing costs more money. Bringing in more jobs within is saving us tax dollars. That is why so many pensioners waited months for the pension, or Medicare backlogs and infrastructure backlogs. Things are improving, slowly but surely.

[@MB-kt6yz]

@@josephj6521 The backlog is from inefficient government trying too manage over regulation at every level AND that is never reported. If we had government that did not insist on being involved in every aspect of our lives and a population that did not turn to government to solve its problems for them, then tax payer funded resources could be directed where its needed.

[@jameswillis8969]

@@josephj6521 Maybe existing bureaucrats should come back to the office. Covid work from home arrangements are no longer required. Staying home, outsourcing to contractors and hiring unnecessary subordinates is costing taxpayers billions

[@tonykim8545]

@@josephj6521😂😂

[@tastech]

Outsourcers don’t produce goods either so they also contributed to demand and inflation

[@redpill77-q8m]

Sadly there needs to be a huge housing price correction - lots will be hurt by it but needless Australians are paying some of the highest real estate price in the world and wages have not gone up only interest rate, in other words a complete mess.

[@linmal2242]

The way to do that will be to make more suburbs/towns/cities and that needs WATER which is held in DAMS which NO state govt is willing to announce, let alone BUILD ! Thanks to stupid Bob Brown and his Franklin River anti-dams campaign which has SCARED any govt off building anything !

[@sma5605]

Housing correction or currency collapse? Wouldn’t be surprised to see politicians and the RBA choose a weaker currency over people losing their homes

[@itsonlyafl3shwound]

Exactly why Australians are not having kids! Albo just imports them now.

[@Rabsallawah]

Not going to happen… it would collapse the banking system. Every economist has predicted “huge” corrections over the last 10 years…. NONE have happened (except mining boom/bust towns… which should always be excluded) And with more people coming in… house prices won’t come down - replacement cost is too high. Just look at Sydney.

[@damien8969]

It will happen because people think it can't happen. This is the late stage insanity before the economy corrects.

[@CineTechGeek]

Interesting but the biggest error in the data discussed is.. Australia per population is already building houses at a rate that is as fast as anywhere else in the world. There is a maximum speed for everything and if we are at max building level already, saying we need to build more is nonsensical. We need to drop immigration typical levels 230k or more like 150k per year so infrastructure building can catch up. All these new houses don't have any infrastructure. It's nuts. This would cause a technical recession right away but better now then this painful limbo we are in if we keep this stupid conditions in play for political power reasons at the expense of years and years of per capita recession. It will hit a technical recession eventually as more and more people get squeezed anyway. Stupid high rent and mortgages also kill business as you have to pay them enough to pay those costs while everywhere else in the world is 1/3 or less requires less pay for staff. A country full of social workers paied of by minerals tax. It's all going to end very badly.

[@JiraTicket-zz6bh]

"Bad property manager on the Gold Coast" - someone should make a t-shirt for that

[@gmac2977]

Add Sydney to this, too.

[@spongybone4071]

Government doesnt want house prices to drop. Thats the problem

[@Mothy2014]

Yep, that's it in a nutshell. Most of the entire financial system is tied up in property.

[@outdoor75]

The australian govt needs to put its money where its mouth is and take the singapore approach and start building good quality government housing. Actually, starting their own housing board PMO to build for themselves. Also, build schools and hospitals in these areas too. They had the perfect opportunity to do that between St marys and the New Western sydney airport. But instead, they sold it all to greedy developers. Australia is a lost country for young people. I work with a lot of migrants and they are doing 2 to 3 jobs at least working anywhere between 12 to 18 hours a day. They do this because they have left countries that are way behind australia in terms of govt, safety, and health services. A big step up from their wartorn or poor countries they have come from. So it is all relative. 2nd gen aussies will not work 18 hours a day to get ahead and shouldn't need to. In order to own a house, it's just ridiculous. The oz gov has let the whole country down in terms of housing.

[@armadalematters4368]

It works for the government they will not change that. As long as there are wartorn countries and stuffed up countries there will always be willing and cheep labour to import 😊 Looks as it designed this way so the elite can profit freely now that slavery got abolished 😅

[@sha9004]

Tell the LNP that because the bill that Labor pushes is being blocked by LNP

[@origanami]

"We have a rental crisis and the solution is more property investors" Absolutely solid logic right there.

[@linmal2242]

Not more property investors, just more PROPERTIES but NOT high rise Trigaboff slums ! New houses with facility on blocks of land not 'little boxes' in the sky ! Where is a new town/city in AUST No one has seen a newly planned and built a new city in AUS since Canberra ! Or maybe a 'mining camp' !

[@jezg084]

@@linmal2242how about less demand instead?

[@MichaelRobinson-l8c]

Got me, headline ‘6,000 properties selling under distress’, Is this bad compared to past? Nuh, 50% less than precovid. Interesting stat though.

[@redgatecrt]

More migrants please Make Australia great again!!! Too many Princess instagramers in Australia, it’s ridiculous

[@Dan7751]

“6000 houses sold under distress” Immediately purchased by foreigners.

[@richardminhle]

Not exactly, if i am the foreign investor and not money launderer, I will wait at this point.

[@mr_jdes]

@@richardminhlenot just foreign investors waiting. I know many investors like myself waiting, especially here in Melbourne.

[@SagittarianArrows]

Proper title is Business migrants who put down 15 -25 million INTO the Nation! Mind you GIVING some Aussies CASH FUNDS to carry on with their life.

[@damien8969]

Time to ban foreign property investors. It's a disgrace to sell houses to foreigners while the working class citizens are priced out.

[@williamcrossan9333]

18:40: Even if the first rate cut happens, that will immediately boost confidence to such an extent, that it will put a prop under the cash rate, preventing further cuts for quite some time. The first rate cut could even re-ignite inflation.

[@sampsonsunny6298]

Wolli Creek, over 700 units empty. The land lords from Hong Kong rather have them empty than lower asking rents. 😊

[@Sawubona2007]

@@sampsonsunny6298 yeah that concrete jungle. Where did you get info that there are 700 empties?

[@SagittarianArrows]

Tall Poppy prejudice? These people pool together with family and friends to flip a property. Have you so many families and friends willing to go into a DEAL WITH YOU?

[@afailable]

​@@SagittarianArrowsflipping a property and land banking are two very different things. If you think hard going families in China are banding together to buy Australian property you're delusional. It's the millionaires that are trying to flee the country that are dumping as much as possible into our housing market.

[@petermurphy2167]

No capital gains tax

[@sometingwongwai9679]

@@petermurphy2167 who wants to sell in Australia when using the value of equity on your property is tax free and its proven that its citizen and 3 level of government can't build enough houses, and migration is the only path to avoid recession.

[@tommyj6481]

SEQ the prices doubled from before COVID, it's no longer affordable. In Queensland, where you have almost unlimited supply of land for the next decades, and space for tens of thousands of homes. Reason and logic left the room...

[@supercal333]

GDP per capita falling 7-8% since 2022. We've been in recession for years. It's just been masked by massive immigration.

[@tarunfreestone6024]

Need to get Matt Barrie on..... interested to see what you both discuss and where there is alignment and where there is discord?

[@spongybone4071]

Annual Wealth tax for anyone who holds an investment property. And Vacant property tax for all empty properties.

[@satwindersaini4522]

Government should form new Infrastrure department and to issue tax-deductible infrastructure bonds to fund projects like roads, rail, and water systems. These bonds would offer higher interest rates than banks, with tax-free dividends and a 10-year lock-in period. Investors would receive a 10% tax deduction on their investment (e.g., $1,000 off for a $10,000 investment). The bonds would be tradable on the market and replace negative gearing, reducing property speculation and making housing more affordable. The initiative aims to boost infrastructure investment and provide tax incentives while addressing housing affordability

[@linmal2242]

Now there's a bit of common sense. But you expect governments to have such thoughts ? Well, maybe thoughts, dreams, but action ? Ha!

[@joelG1272]

The Labor Government is importing voters, putting them in government jobs instead of employing Australian residents, who may not vote Labor. The USA has being doing this for years, so Democrats there and Labor here control the Government from within, regardless of who is in power at the time. Eventually you will see Labor governments being returned term after term because of mass immigration, and they have plausible deniability for high levels of immigration, because we need people to build houses for the immigrants that now have government jobs.

[@josephj6521]

You cannot work for the government if you’re not a citizen. Stop talking fluff.

[@michaelfrancis4736]

maybe you should move to the states, you might get to live under another Trump presidency; I am sure you will love it.

[@joelG1272]

@@michaelfrancis4736 Probably take 2 Republican terms to repair the damage that dodgy Joe and Nancy have done to USA on every aspect.

[@joelG1272]

@@josephj6521 Some people can not stand the truth. The whole world has been watching what the dodgy Democrats have been doing to your country, they are laughing and crying at the same time.

[@berniestar1490]

Very accurate observation

[@brendan_13]

Thanks gents

[@tsport100]

How about explaining where the rental vacancy information is sourced ???

[@daniera7635]

Very insightful..thank you Gentlemen!

[@jackman2865]

Keep jacking interest rates.. fight inflation

[@itsminas25]

Need Matt Barrie on the show next

[@petermenton9630]

Interesting...just one element that did not get a mention is the impact of higher wages overtime on mortgagees ability to pay for their loans. By the way rents in Sydney have certainly and asking rents are certainly on decline. The media can in Sydney can certainly take 'crisis' out of their headlines. Peter M

[@williamcrossan9333]

15:15: How the flipping heck can investors keep buying, with gross yields of 3% in Melbourne, or 3.5% in Sydney? It seems mental. The income needed to hold would be pretty high.

[@dedebettaaquatics8710]

All future investment properties should be 100% new builds only, leave existing homes to first home byers/main place of residence byers, too many existing homes are being snapped up by investors making it out of reach for people to enter the home owner market. Government also took away first home owner grants for existing homes and made it for new builds only, the only ones profiting on that is the developer with mark-ups on new builds. Just a thought.

[@imhosydney]

Sounds too simple, too fair and too effective to be true! There are several types of investors. My old PPR is a solid reliable IP (we all rented once, didn't we?)and a new build I did which I couldn't sell at one point in the cycle is an IP to a lovely young family. I am not greedy and I still make (unrealised equity) gains and I have still helped the housing stock and rental stock and pay my land and income taxes! Simple!

[@gmac2977]

Finally some common sense 🙌

[@sparkie996]

So are you saying that all investment properties (and hence renters) should only be living in brand new houses out in far flung new suburbs? Are you saying that renters should only be living in brand new properties? They are only brandnew for the first occupancy, after that must they then be sold to only non investors? Are you saying that I can't buy an inner city property as an investment with the view to move into it at a later stage?

[@berniestar1490]

More over regulation is not the answer. Less government less immigrants less tax is the answer

[@kp8972]

Great idea

[@ashwinprakash6552]

“Govt policy on immigration used as a fiscal lever”

[@joelG1272]

Still many people don't own 1 home, and your guest is saying casually, first the investment home goes then the holiday home goes then eating out. He must be living high on the hog to think the rest of us have all these assets. Must be friend of Albos.

[@redgatecrt]

Got to love Australian property Got to love government policies ❤❤❤❤❤❤ Where else in the world will the government help you get wealthy 🎉

[@mr_jdes]

@@84pintzdid you know, Jody is a proud coastie?

[@cvarikos]

Context.... glad Mark retorted with 'alot of them are government'... trust me for many industries it is bare bones. They cut back alot of jobs over a ten period .... a little bit of growth in one area does zero for the economy. Honestly, houses that are 100 years old should be losing money considering they need to be knocked down and rebuild .... yet somehow they're multiplying in value. The economy is broken when everyday Aussies are defeated before they start.. even those who have a head start are now well and truly bogged down. It should not be this hard.

[@Keep_calm_and_slave_on]

This is gold 👍

[@TDubya811]

There's probably already a negative rental vacant rate. Tried visiting a park in any capital city recently?

[@100percentreturns]

Basically more government> more regulations > more smaller business closures due to rising costs. Government jobs and immigrant students working as Uber drivers & washing dishes is a recipe for higher taxes & more inflation

[@liviodave7713]

Claytons sucess, the success you have when your not having success.

[@listohan]

What is the point of talking about gross yields? State governments are turning up the land tax wick. They don't have other sources and gambling taxes are at risk.

[@vincentcacciola7161]

A donga in a caravan park is unaffordable to rent ⛺ cities incoming

[@sometingwongwai9679]

that's because council's would rather your kids live on the streets than allow a donga in your backyard

[@jpswain007]

Allow SMSF money into new properties with stronger control on builders..

[@yeahnah773]

When I watch this I feel like I’m clearly insane because there are a lot of massive issues and all that happens is Mark nods and the guest nods like less than 1% vacancy rates is ok and more people moving here is ok and record house prices with a gdp of .1 or .2 is ok and builders going bust is ok and the high density housing in built up areas is ok. And china struggling where we send all our resources is ok. And they closed all the mental asylum’s so I can’t live there either haha

[@berniestar1490]

The market has no logic, you are correct

[@geoffwaterman6560]

The market and demand has complete logic. Is the interference of government that stuffs everything up.

[@sometingwongwai9679]

I an oversea investor and all i see is that Australians cannot build enough houses (their way of life and governance makes it impossible to dilute the supply) , their productivity is proven to be so low by the IMF that migration is the only path forward to avoid recession. Their society is based on narratives and not merit i.e every public infrastructure projects are overtime, budget and in court, but they still celebrate success on completion, they use obscure words to deviate from realities of failure i.e they say gambling is bad but ordinary people putting money on shares base is managed risk. That's why we keep buying houses in Australia.

[@bradyjansen3023]

Our taxes created the majority of the new jobs. Finding on the sunshine coast prices seem to be flattening out.

[@masterDarcy13]

If you want to know how the economy is going . Go to your favorite holiday destination and try and book a room for tonight , then do several other places and tell me how the economy is going .

[@VoteLaborOut]

How do you go about measuring good or bad out of that price? Say in Melbourne tonight it's still the same rate you always get about $250/night or about one weekly rental for one person

[@JimBob-qh8gl]

Yep, even caravan parks are full.

[@masterDarcy13]

@@VoteLaborOut it's not about the price, but availablity

[@VoteLaborOut]

Ah okay 👍​@@masterDarcy13

[@Eric-kn4yn]

Record vechile passanger sales ?.

[@angelinadrobina5037]

So the numbers selling under distress are less than pre covid time but you used the click bait title 🤔🤔

[@chookie131]

Not sure why one would think that when interest rates rise property goes down…. Never in history had this happened more than 8%

[@LiquescentAdventures]

question, if the economy has been bolstered on record migration which primarily influence Melbourne and Sydney why is the property dropping in these two areas? Lastly hasnt unemployment figures been changed to bolster up the figure compared to previous calculation, would unemployment be hirer than it really is??

[@MelbourneShorts11]

You nee dmartin north on your show.

[@c.s2001]

Nice man.

[@phuchoangnguyen4604]

I think it's up to the buyer's due diligence to protect them from bad deals rather than blaming real estate agents. Obviously selling agents will try to sell at the highest price with the least hassle as possible. Caveat, did they do anything illegal during the sale process, or just not disclose all the information?

[@thearchitect9737]

What about ethics? Morals? Is that up to the buyer too?

[@Surfdays.australia]

The buyer gets lied too every step of the way put the real estate industry on a government run blockchain with transparency so we don’t get 20 fake offers anymore, reduce the selling fees and stamp duty .

[@rhys9957]

One bad egg is on the buyer to be cautious of, a systematic culture of unreasonable profiteering is a racket

[@gmac2977]

So should we not trust people paid for their expertise in this area? I mean they have all done the weetbix packet course now understand property thi right? Up up up. Get in quick.

[@phuchoangnguyen4604]

@@gmac2977 Trust should be earned, especially when the "people with expertise" is not acting in your best interest (their best interest is with the seller). Either way, best to protect yourself rather than complaining about the things you have no control over.

[@kelvinjames6344]

Lithgow and whalan and bidwill and emerton and shalvey and penrith need immigrants to improve the place

[@josephj6521]

The new western Sydney airport is close enough to express provide these migrants.

[@frozbiggins]

If the net immigration is 500k and we’re building 150k dwellings then that is a bit over 3 people per household. Calm down people !!!

[@unitedpawnbrokers1180]

old mate mark looks cooked

[@williamcrossan9333]

He always looks like this! I like it. Nice and chilled and relaxed.

[@justinb7451]

Mass migration is 99% of the problem… this is the main contributing factor to the housing crisis.

[@richardv9648]

Yes its a factor. But only small contributer to it. Real problem is the investors and people who are sitting with 10 to 15 homes in their property portfolio. Most of those people are Australians.

[@justinb7451]

@ and the reason for investors to buy all these properties is because of immigration. The investors knows there will be people that will want to rent their properties. Making it a lucrative investment. I’m pretty sure it was brought up in this video that the Australian birth rate is 1.5 to every woman. We aren’t even at replacement rates. So this massive influx of immigrants is making it beneficial to invest in the housing market, making it harder for everyday people to afford home ownership. So it isn’t just a small contributor

[@dancaboi]

Can I get one of those please? Thanks

[@richardminhle]

Why not 60,000?

[@MichaelRobinson-l8c]

Do you think with rental properties there’s been a shuffling of the deck chairs, so to speak. Ie if we didn’t have high immigration vacancy rates would have been higher. Local households can’t afford to maintain increased mortgage repayments and enter the rental market, while immigration buys their house?

[@williamcrossan9333]

Negative sentiment, yet very strong vehicle sales, and of those, lots of expensive SUV's and the like in the top 10.

[@kevinwilliams6927]

Hi i i 'm in my mid 70's and invest in term deposit not much between 100,000 and 200,000 dollars i carn't understant why i only get a very small rate on this money don't people like me help the home borowers i realy struggle where i once had a little intrest to spend when my term deposit matured

[@redgatecrt]

You’re losing money then. Term deposit interest doesn’t keep up with inflation and you’re also tax on it. You’re actually helping the bank to profit I know you’re 70 but still, you can do better, a lot better to the point you could give a few hundred away to people that really need it instead of give thousands away to the government and banks

[@redgatecrt]

You could have purchased gold. It’s increased 30% this year and 74% over two years. You don’t have to sell the lot to access funds. You can access fund any time you want. You only pay tax on the portion you have sold. If you sell nothing and sit on it it’s tax free. You have full control Much better than any lousy small interest paying term deposit

[@redgatecrt]

Every dollar you save in the bank, the bank will lone out 9 times that at way higher interest rate. You’re making the banks rich at your expense. Why isn’t your family helping you make better choices ?????

[@redgatecrt]

Gold has increased in value by 600% over 20 years!!!! Someone like you would of benefited greatly in purchasing gold instead of lousy term deposits No headaches!!!!

[@dinosshed]

The way forward is to allow negative gearing only to 'new builds' and not existing dwellings. This will create more housing and prevent established homes from becoming capital.

[@OilBaron100]

No investor will build a new house if they can’t eventually sell it to another buyer whom will also benefit from negative gearing.

[@imhosydney]

​@@OilBaron100people and indeed housing companies build spec homes all the time to sell on to owner occupiers. Some people don't like construction risk and like to see what they are buying.

[@dinosshed]

@OilBaron100 this is what I do. I prefer to spec the home towards what fits the general area and demographic.

[@gmac2977]

Housing isn't about productive growth; it's speculation, driven by inflated prices and migration pressures. Developers cry about regulations but have profited for years, only serving their own interests-I see it firsthand in construction. Mark, you need to brush up on your economics. You keep talking about how economies need to thrive, but a strong, capitalist economy allows for some free-market dynamics where companies go bust when they fail. Banks and developers game the system; they shouldn’t always be bailed out or propped up. We should have measures, like slight taxes on multiple-property owners, with that revenue directed toward supporting first-time buyers genuinely looking for a home to live in. It's about building real support, not an endless cycle of boosting property values for the few.

[@sometingwongwai9679]

such nice meaningless virtual signalling word salad of no substance. How are developers and banking gaming the system? Multiple taxes on multiple dwellings, where are renters going to rent if there are no investment properties, or perhaps the Greens solution by letting foreign wealth funds buy all your rental property may be the solution, obvious better to pay rent to a superannuation fund than the Aussie landlord right? who's really going to pay the tax?? the landlord or renter?? developers and builders are going broke at record rate, reason why you can't build anything today, whats your suggestion?

[@redgatecrt]

What you recommend is still not a free market

[@redgatecrt]

Don’t worry Financial repression is on the way. We are at the beginning of the end. Just another 2,5 maybe 10 years of this crap to go

[@linmal2242]

@@sometingwongwai9679 My suggestion is for state govts to create more house lots, by subdividing land, and build new towns/cities ! But they cannot because they have not planned or built a new water supply, anywhere in the Eastern States since Canberra was built ! Blame stupid Bob Brown; he turned off any govt for building anything big ! Look at the vacant land either sides of railcorridors in NSW , VIC and QLD Land is there, but is the water? And the will to provide the services ?

[@sometingwongwai9679]

@@linmal2242 but @gmac2977 thinks it has nothing to do with regulations. The greens and your description which is 100% correct is why I invest in property, they are the biggest driver for property growth via limiting supply. Today, its cost of energy, renewables will add cost to building houses and if the replacement cost is more, so is my existing house. in the past the house depreciated to near zero whilst the land when up, today my 15 year old house itself (not land) is valued 4x to what i built it for.

[@vmura]

AHSC Affordable Housing Supply Crisis

[@redgatecrt]

Party time!!!!! Distressed properties is music to my ears Almost time to jump back in. 🎉

[@Nick-mq9vz]

If your looking to buy and not buying now I don't know what your waiting for. Things won't get any better for buyers than right now.

[@damienbarton3910]

Same time last year it was 5,246 listed.. nothing to get excited about. If it doubles or triples maybe 🤔

[@Eric-kn4yn]

​​@@Nick-mq9vz no such thing as distressed property today.

[@Nick-mq9vz]

@@Eric-kn4yn Well take my advice prices won't get any cheaper that's all I'm saying.

[@redgatecrt]

@@Nick-mq9vz😂 I’ve been through 3 financial melt downs, this will be number 4. Believe me I will get another property at a very heavily discounted price. When you don’t need a bank, Australian property is your oyster. You just got to know the game

[@spongybone4071]

Whats the story with the big marijuana plant in the background. Someone needs to call the coppers on him

[@detectiveofmoneypolitics]

Detective of Money Politics is following this very informative content cheers from VK3GFS and 73s from Frank from Melbourne Australia

[@ronfesta771]

Me thinketh no doubt Mum, Dad, Nan and Pop would be., very proud.........Louis!@?😉

[@joshwatt101]

One day we will stop talking about housing as an investment and we will treat it as critical infrastructure. Not for a while though.

[@markmckenzie1559]

Very simple Mark: Number one, two MANY people coming into Australia like never before. In the past all migrants had to work to survive as you got here in the 80s 90s not anymore (government money and services everywhere $$$$ ) ask yourself how many are actually doing something for the Country??

[@Jimmy-mx4cc]

,,f,, me to much nothing talking

[@Helena-ou8ry]

Oh no 🤣property investors will actually have to save like the rest of us for their deposit for their next property purchase. Yay to the death of equity acquired without paying off principal.

[@WayneFisher-cs3et]

Massive stimulus and the suckers came and are now in trouble.

[@deborahcurtis1385]

"Renters need to understand that we need more investors to increase the properties in the rental market, [given the tight lending criteria of banks]"...what a load of self-justifying tosh! We need AFFORDABLE housing, and that's not what is being supplied by investors. Nor will it be! We need for first home buyers to not have to sell their futures either to buy. This absolute squeezing that's in a vice like grip, is going to fail. Not least of which is the effect on discretionary spending. Argue all you like sport, this is going to crash. Not all at once but slowly then suddenly.

[@method341]

Mark needs to stop talking so much and let the guest do the talking instead.

[@philmelb1022]

Just the tip of the iceberg.

[@sometingwongwai9679]

You say china lives under dictatorship but the dictator has built so many houses that we have ghost cities, hilarious.

[@bjlaughren]

First

[@yellowbrickroadtv]

Hello

[@Sawubona2007]

​@@yellowbrickroadtv G'day

[@bjlaughren]

Only just found you guys. Really enjoying the content.

[@classicalmah8585]

Double orphan? Does not an orphan means you don't have a mother n father? Confused?!

[@Eric-kn4yn]

Some people naive.

[@classicalmah8585]

@@Eric-kn4yn??!!

[@Eric-kn4yn]

​​​@@classicalmah8585 you cant figure it out🤣 get confused easy r we

[@classicalmah8585]

@@Eric-kn4yn really, I was being polite. I questioned the journalist n his guest. It wasn't meant to be a 'naive', question. You obviously took my comment on face value... Sigh!!!

[@kiqueenbees]

Single mum, no father on the birth certificate, she died, single orphan.

[@sampsonsunny6298]

His first question answered all I needed to know. Sqm. ?

[@goofymcadams]

Poor home owners. Said no one ever.....

[@Bulldumbdumb]

Mark I luv ya mate, but you know what needs to happen