More from our property insider, Edwin Almeida, as we look at the latest numbers, consider what may happen as we move through the spring selling season, and discuss the use of an umbrella when inspecting a house or apartment, and the rise of “kiddy-flats”.
http://www.martinnorth.com/
Go to the Walk The World Universe at https://walktheworld.com.au/
Today’s post is brought to you by Ribbon Property Consultants.
A belated edition of our Monday evening rant with Edwin Almeida, our property insider. This week we explore the political shenanigans & follies, the latest numbers and some tips on beating the auction.
A belated edition of our property Rant this week, as I am joined by Edwin to look at the latest news and data on the market. Listings seem to be wilting, rental properties are becoming as rare as Edwin’s chickens…
[Note next weeks Rant will also be released on Wednesday due to the long weekend in some states].
http://www.martinnorth.com/
Go to the Walk The World Universe at https://walktheworld.com.au/
Today’s post is brought to you by Ribbon Property Consultants.
If you are buying your home in Sydney’s contentious market, you do not need to stand alone. This is the time you need to have Edwin from Ribbon Property Consultants standing along side you.
Buying property, is both challenging and adversarial. The vendor has a professional on their side.
Emotions run high – price discovery and price transparency are hard to find – then there is the wasted time and financial investment you make.
Edwin understands your needs. So why not engage a licensed professional to stand alongside you. With RPC you know you have: experience, knowledge, and master negotiators, looking after your best interest.
Shoot Ribbon an email on info@ribbonproperty.com.au & use promo code: DFA-WTW/MARTIN to receive your 10% DISCOUNT OFFER.
This is an edit of a live discussion with mortgage broker Chris Bates. Chris started as a Financial Adviser back in 2007 and sold his Financial Advice business in 2020. Over the past 9 years, Chris has grown into one of Australia’s top Mortgage Brokers and is passionate about taking the product providing industry to a trusted advice based profession.
In 2022, Blusk won the Connective Broker of the year award. Connective is arguably Australia’s leading and largest Mortgage Aggregator. Chris has been finalist for the past three years. Chris was #1 with most loans settled in NSW and #2 nationally out of over 3,500 brokers.
Go to the Walk The World Universe at https://walktheworld.com.au/
Whatever announcables may come from the Government, the truth is housing crisis in Australia is far from over.
As I discussed with Leith van Onselen on Tuesday, high migration is the root cause of the problem – a problem created by bad policy and ultra-high migration. Yet some are arguing we should import more construction workers to build more homes. Sounds like shoot ready aim, to me.
Sure it is true that as Australia’s housing affordability crisis worsens, governments are spending more on housing. But as a recent The Conversation article says, without coordinated action to increase supply, government grants will have little practical effect on house affordability anytime soon.
Victoria’s Andrews government has announced a suite of reforms (such as boosting social housing and making planning processes faster) in an effort to get 800,000 extra homes in Victoria over the next decade.
Federally, the Albanese government’s A$10 billion Housing Australia Future Fund, or HAFF, has passed the Senate with the help of the Greens, who supported the bill in exchange for another A$1 billion for social housing. And this year’s federal budget has expanded eligibility for the Home Guarantee Scheme so more people can buy a home with a smaller deposit. But is Australia ready for a house construction boom?
Supply chain constraints say no. Ballooning construction costs and labour shortages have already claimed well-known building firms across the country. Delivering thousands of extra new homes in the coming years will not be easy.
Go to the Walk The World Universe at https://walktheworld.com.au/
Today’s post is brought to you by Ribbon Property Consultants.
This is an edited version of our recent live show, as I discuss the latest economic and housing news with Chief Economist at Nucleus Wealth, Leith van Onselen, who is also the co-founder of Macrobusiness.
We do a deep dive on the Population Ponzi and why housing shortages are likely to remain with us for ever. Its by design.
Go to the Walk The World Universe at https://walktheworld.com.au/
You’ve probably been reading about the Evergrande collapse and may have some important questions about what China’s property market crisis means for you and your nest egg.
Let me be honest with you – all the indications are pointing to dark days ahead for the global property market. In addition to China’s economic woes, interest rates are not showing any signs of easing, the cost of living is still high, and unemployment is set to spike too.
And property values are still 40% over long-term trends, so there’s risk of a fall – and it could be fast! But not all property is equal, which is why you need to be proactive in planning the road ahead, and get granular to safeguard and grow your portfolio through tough times.
I’m joining Greg Owen from Goko Group to talk through these issues in an exclusive live Zoom call, and I’d love to see you there. There are two sessions to choose from:
Session 1: Wednesday, September 20th @ 7pm (Sydney) / Wednesday, September 13th @ 10am (London)
Session 2: Thursday, September 21st @ 11am (Sydney) / Wednesday, September 20th @ 9pm (New York)
I can’t understate the importance of taking swift and targeted action to protect your nest egg and put yourself in a position to keep growing your wealth.
Please don’t miss this opportunity. Simply click here to register:
Another tour of the recent news, as some prices are moving higher, driven by high demand and poor supply. But according to our property insider, Edwin Almeida, not all areas are behaving the same, and there are clear reasons for this. We also look at how pets are impacting the supply of rental property, and what to remember when at an auction.
This is an edit of my latest live show, as I walk through our latest financial stress analysis, to end August. Which post codes are most impacted, and what are the potential outlook for prices and defaults?
Go to the Walk The World Universe at https://walktheworld.com.au/
More from our property insider Edwin Almeida, as we look at the bulls in the market, silly bidding and vendors bids, and the latest “announcables” which will do very little to solve the housing disaster which awaits many.