Great analysis of our over here. I think its coz we keep our cuzzies close to our chest 😋😋 Also coz we are not so clever to do fiscal stuff like tax on unrealised gains and loot the super - judges not gonna be happy. The judges will be able to watch the horse that bolted with the tax haul missed from the overseas owned extraction industry. And now that clever move will get heaps of that equity gifted to homeowners tipped out into second or revolving mortgage facilities to pay for increased cost of living. Great to improve business for the banks. Which they prolly gonna need if there is a Japanese tsunami coming. My own take on our situ here is that our Coalition government is doing austerity (hacking public sector too) to keep the Crown accounts happy.
Hey Biko, thanks for another great post. In my opinion, this is due to the acceptance of common Australians, as soon as we start saying no and raising a question like you do, things will change. Another reason is the ruthless gang of politicians, builders and real estate agents operating in this country who doesn't know anything about economics, all they care about is money in their pockets. Australians need to wake up and take action. We are heading towards economic disaster.
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Bag the kiwis all you want but they… 1. Stopped foreign investors 2. Majorly changed immigration policy 3. Went hard with rate rises. 4. Have govt pushing house prices to fall. Yes this causes pain but it appears to be working. Maybe we should take a leaf outta their playbook.
Lol, but youse all still have a big whinge when Australia sends your criminal citizens back home 😂 Edit: btw more people live in inner Sydney alone than the entire NZ population, no real comparison tbh, that's like Oz trying to compare to North America, totally different animals bro😂
@@kyus1974 my previous comment said something along the lines of that but was deleted fsr, I also said thst there's no close comparison between the 2 countries where, infrastructure, monetary, population and GDP issues are concerned.
Housing is so manipulated by government and foreign interests. It’s a massive bubble, it’s unpopular to say but it needs to crash. Our children will never be able to afford a home, it’s become out of reach.
@@Peonia-Melbourne No they're not. Banks will do everything they can to prevent a repossession. Not saying they not are happening, but no where near the levels you think they should as it looks bad for the banks to have these houses on their books
I just did a session with chatgpt. In 1960 a single worker family could buy a house at a cost something like 3 to 4 years wages. Today a DOUBLE WORKER family has to pay something like 10 years wages. That's how come some guys are saying it'll take folks 40 years to save the DEPOSIT! One single person, see? Do your own session with chatgpt or something. Check it out for yourself. In the 60's a bloke could support his family and buy a house. And have a few beers after work and weekends. And you guys think we old timers are full of bullcrap when we say things were better? You do, don't you? Well think again. Check it out.
Lol. 35% of all "Australian's" were born overseas. The countries already been given away. New Zealand will just follow suit and boost immigration. Nothing is more important than house prices to Boomers.
That old chestnut- look at the actual figures, time and time again I see that the figures don’t show foreign ownership to be significant. But yes of course- never let fact get in the way of a good story, or catchphrase.
Hmmm. Mortgage rates over 7% and banks won't lend money easily. Overpriced crud houses, near $3/L petrol, over $1 per egg at the supermarket, council rates up 20%. I wonder why people aren't just lined up to buy homes or investment properties?
When I bought my first home in the 90's I had to have a 20% deposit and the interest rate was 16.5%...Having said that the house cost me the equivalent of 3 years income that same house today would cost me the equivalent of 6 to 7 years income at what I earn today.
Nice video, Biko. I'm glad to see property prices falling. There are Boomers in NZ who own 50 rental properties and they boast about how rich they are. This causes Kiwi families to pack up and move across the ditch, because even when both parents work, families are struggling to afford their own home here. So the Labour government brought in large numbers of migrants from developing nations to replace them, but most pack up and leave to AU once they get NZ citizenship. It's a never ending cycle of people leaving.
Although NZ house prices are falling, they have a long way to go. NZ wages are lower, NZ Nationals and non Nationals are leaving in droves - there is still a huge shortage of housing. The only reason real estate commentators are saying it's a buyers market and we've reached the bottom is the same reason they say that every month - greed and self-interest.
Back in the day, when I purchased my first home to live-in; that was Perth 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.
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.
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.
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Was talking to a friend the other day…we were talking about the mid 90’s. Remember how basically everyone at school lived in a house that they owned. I couldn’t remember one kid that lived in a unit or apartment or their parents rented. My aunty said the other day “we had so much money when you guys were kids that we didn’t know what to do with it, it was nothing for us to just buy a block of land for no real reason”. Wages were low…but the cost of living was tiny. Fuel was under 90 cents and $2 of chips could feed a family of 4. Now $3 won’t get you a can of soft drink.
I'm 34, i recall in 1997 on the Central Coast, I lived in a rental and i had two best friends that lived in houses that were basically mansions which their parents owned compared to what i lived in. They are big two story houses with at least 4 bedrooms, 3 bathrooms, 2 living rooms and a garage. I was living in 2 bedroom houses in my childhood. I continued to encounter this more as I grew up into my teens that majority of kids come from owned houses.
The All Blacks played Argentina in the Rugby Union Last night in Wellington, only 25k attended the game, meaning nearly 10k seats were not sold. This is unheard of for an All Blacks game over the last 25 years. That shows you how weak the NZ economy really is.
The smartest thing that should be on everyone's mind right now should be to invest in different streams of income that are not dependent on the government. Especially with the current economic crisis around the world. This is still a good time to invest in gold, silver, and digital currencies (BTC ETH...).
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A lot of the people leaving NZ only come here to get citizenship then move to Australia. So when the stats say NZ citizens moving to Australia a good percentage of them are really from India or South Africa
If you can't afford a home, just do what I did rather than complaining. Follow these 4 easy steps: 1. I completed my bachelor of engineering degree. The course wasn't very good and it left me with heaps of student debt but at least I finished it. 2. I worked very hard for 4 years, getting several promotions and pay rises. 3. After all the hard work and effort, I was absolutely nowhere near being able to afford any kind of decent house. 4. I got my parents to give me a tonne of money and I used that that money to buy a home.
It's so frustrating when people work hard with honest living still had to then tap into our parents bank to help give us this help. Imagine if parents said they don't have such savings , and I think that's the case for many youngsters giving the rise of inflation
Make no mistake though, NZ housing is still insanely unaffordable considering how much lower wages are in NZ compared to Australia. Housing is still out of reach of a lot of Kiwis
Brisbane is the same in Australia I work for the local goverment our wages are 67k a year without overtime. We are on almost complete overtime bans so unless there is a massive risk to the public there is no OT or a major weather event and we have to close roads and what not but even then its a couple of crews from each depo. Houses in our area are 1.1m for a 30 year old un-renovated box no insulation and it might still have the original water heater in it still thats electric not gas. Fuel is about $1.78 for petrol and diesel is $1.96 a liter if i didnt work a 2nd job i dont think i could afford to rent a house. 1 of our crew rents a room in a house for $320 a week gets electric and water included but thats it oh and its park on the street too no carpark provided. 10 years ago when we first moved out of home the house im in now sold for $320,000 now its 1,100,000+ because they also wont list the actual price on anything anymore you have to give all your details for a realestate agent to message or call out back with a offers over XYZ amount and until you are ready to buy they dont want to know you
I'm in Adelaide and the prices are insane! I bought my house 11 years ago for $260k, but could now easily sell for $650k. Sounds great, but I'd then have to buy a worse place for as much if not more. Oh, and a massive chunk of the money will go towards tax. Everyone I know is wondering whether their kids are ever going to be able to move out, which means our native population will decrease even further 😢. Btw, love your humour!
Wow, thanks for sharing @GenuineAussieMongrel. Adelaide and Brisbane used to be relatively reasonable compared to Sydney and Melbourne but now they're ridiculously prices as well.
@@bikokonstantinos8230 You can still get a cheap place out in the remote badlands of South Australia or New South Wales, like Broken Hill or some other flat hard-baked location. Even then the locals have cottoned on and will overcharge, it's madness and it has to end. Has to.
House prices in NZ are a bubble. They rise in value, but its stuffing up the economy. How can a house appreciate, but we dont have that extra bit of circulating money. No 1960s 2 bedroom house should cost 1 million in Auckland. From 2000 these were worth 200k max. Now they are worth 1mil. 800k extra? Like wtf. Did that house turn into gold all of a sudden? This is not a supply and demand issue, this is a run away policy issue from our politicians turning a blind eye to a real estate industry flicking houses for more $. What happened? House prices increased. Poor average Joe has to come up with an extra 800k to buy. No one has got that extra $. Next best option is rent , state housing, or live with your parents in your adult years. The party that stuffed this all up was the national party in the 90s. Look at NZ now. Over valued bullcrap.
Australian housing: Abolish negative gearing. double capital gains tax to 1999 levels, abolish first home owners grant, abolish low deposit loans and abolish the builders boost. Make immigration net zero and ban foreign purchases of Aussie property. Free the Australian housing market of all subsidies and tax breaks and make it a free market for Australians only. Return to the median house price to median wage multiple of 3 X. Teach Classical economics in high school. Recessions are normal. Price falls are normal. Price falls allow new entrants into markets.
This is what is needed, but it is not politically feasible. The majority of people are still property owners and have most of their wealth tied up in property. You cannot win an election telling the majority of the population that you are going to make them poorer and that they will need to live on dog food in retirement.
because some of those measures - first home owners grant and low deposit loans were incentives to get people to enter the ponzi scheme to keep all it all afloat
More people need to watch this video and come across your channel mate. Learnt so much about Australian economics by keeping up with your videos. Love the content - Keep it coming 🔥
seen a lot more shoe box apartments, student housing and multi-million mansions up on market recently.
Месяц назад
Sadly the market in NZ is just slowing down, the reversal is probably just temporary and will get back on the hike sooner than later. Issues are similar to Australia,with the exception, NZealander are leaving for Australia.
Hi Biko, it's definitely not all sweet over here in NZ. Still costs at least a million bucks to buy some old crapper that needs a reno. Cost of livings through the roof. Had to turn off me spa pool as I can't afford the power bills. Everything is expensive here. Our country is in deep shit. Thats why so many kiwis move to Australia, looking for a better life.
Not what I see when my best mates wife and Daughter post pictures on FaceBook, fancy restaurants, overseas trips to visit family. My mate is getting the NZ state pension and still works. He has always been a proud bugger so I will never know the truth.
New Zealand has no Capital Gains Tax at all, and also has Negative Gearing (a recent change see some changes phase in until 2027). It's rampant immigration that's the primary driver of housing affordability issues in Australia.
prices are high because rent is high due to too many people and not enough homes. rent yield is an important factor for an investor. higher returns means higher prices
If you have to take out a mortgage for more than 10 or 15 years you can't afford that property was the best advice from an accountant i got. Houses are a bubble waiting to burst artificially inflated with immigration. Not natural growth or demand. We literally have houses and streets empty owned by foreign companies or citizens. Riding the wave as investment properties not even rented. Just because they were making huge profits. We're building retirement villagers for all the boomers. And when they all drop off i bet the markets crashes along with the economy. Lets face it NZ has nothing to offer the world apart from beef and lamb. It has no resources. Or resources it does anything with. Apart from being a nice place to live if you like being cold and paying $500 month for power to heat a two bedroom flat. That cost $550 rent a week and thats considered cheap. Groceries for two cost nearly $300. And crap wages. Crazy politicians bad doctor's and crap healthcare system. There ain't really much here apart from a good rugby team. Most of my family live Australia these day's. I think im the only Kiwi left sometimes when i look around.
They can’t overcome markets. They can disrupt the balance but that undoes eventually. The market ALWAYS moves to liquidate at some point and an unbalanced marketplace just crashes harder.
@@ozyrob1 don’t worry, the black Swan event ALWAYS comes. Four places in the world didn’t have price dives after the GFC. Australia, Vancouver, Toronto and the developing world. That’s it. The correction is inevitable because Australia lacks the city infrastructure to keep importing people. We can’t all catch a subway like New York or London. So the immigration will not be able to patch that hole forever. And the foreign investment scams will cease as well once it is clear that foreign investors will not buy off the plan because the apartments are shit now. There is a gold rush in Australian property sure but the fundamentals aren’t there anymore. The government cannot promise jobs to foreigners while protecting worker rights. Etc etc. it’s ok for the liberals to screw foreigners but labor pretends to care about workers. Once the Indians realise they are being exploited, they will take over the local party preselecting and dominate the party. It’s a whole other issue that democracy doesn’t protect against as the USA and UK proved. I’m not saying it’s bad. I’m saying the system will not support the current conditions forever.
NZ housing market has the following fundamental issues: 1. The listed commerical property companies and syndicates are all being crushed by high interest rates, can’t pay out dividends or returns and many are in default of bank covenants; 2. 6000-7000 government job losses in Wellington and no buyers. It’s a small local market there and it’s in carnage; 3. Massive cliff for construction which means economic activity is going to drop on the back of the cliff coming over the next 8 months; 4. The CFAAA rules (Credit laws) was changed in 2022, and hasn’t been revised. It’s making it extremely difficult for banks to loan money to buy a house because they must stress test the borrower including looking at expenditure. Factually the housing market dropped like a dead duck from April 2022 these laws came in to power and it’s never recovered; 5. The biggest RE firm is Barfoot and Thompson. They typically have an average of 3000 listings per month with sales averaging 1200 a month. In booms this surges and the highest was about 4800 listings with 3600 sales. Now it’s well over 6000 listings…. But get this… averaging around 625 sales a month since January.
@@yeahnah773don’t need to think. Australia became a sinkhole for even more property speculation with no correction in market value 15 years ago. There is no reason to imagine things will improve without serious losses.
The NZ dollar is weaker. While it also has a higher cost of living. 2.4 percent isn't falling either. It's barely even a ripple. Talk to me when it's 60 percent. But the main reason is there is less liquidity sloshing around to buy with.
My father is visiting me from New Zelaand right now. I took him to Aldi to get whatever he wanted to eat and couldn't believe how much food we got for $120 aud. When to me it's outrageously bad value. That shows you what you need to know....
2 percent fall is nothing, even 10 percent is nothing. Look at the historical graph, while population goes up house prices must go up. You are young you cannot see 10 years let alone 30 or 50 years. Australia has always grown through immigration, from 1770 to £10 Brits to White Europe to now Open Slather, while there exist overpopulation overseas there is unlimited housing price rises. Same applies to NZ. small fluctuations now and then are irrelevant
The corruption that runs through this administration is getting scarier. I feel for the disabilities who are not getting the help they deserve. Anyone who is not investing now is missing a tremendous opportunity. Imagine investing $2,000 and receiving $10,020.
Australia government seems determined to keep house prices up, and the AUKUS $400 billion deal will make Australia poor. This money could easily set up many industries to create jobs and increase wealth.
Its not 800K, its 80K :P. Secondly NZ is experiencing a higher influx of people "per capita" than Australia. There is no question some immigrants to NZ are using NZ as a back door to Australia, the devil is in the detail.
I agree with everything you say except that NZ has lots of housing stock, it doesnt and thats one of the reasons the prices went insanely high. We are still trying to build more houses to cool demand. I suggest the primary reason its a buyers market it the interest rates have killed the first home buyers. PS Im obviously in NZ
I dont know how many Kiwis live in Australia's hottest real estate markets but when I lived in Brissie they were everywhere. It all puts pressure on demand for housing.
Supply and demand! People are getting out of NZ with a third coming to Aus and the migration to Australia is still ridiculous. This can’t be changed quickly as houses can’t be built quick to address the shortfall
The Australian residential property market will likely fall by much more than 50%. I think it is one of the three most overheated markets in the world, less overvalued than China but in the same ballpark as Canada, with New Zealand rounding out the top 4.
If it drops by 50%, it means that you probably wont a job. And that means you still wont be able to buy a house. The groups that will clean up if this happens are the large funds managers developing a property trust portfolio, and we will all be paying them rent. Sounds a bit engineered to me.
Because NZ'ers were coming here for employment also, requiring housing. Australian house prices in GOOD areas don't really decline in a downturn, they stablise and just don't grow for years. In less desirable areas further away from cities and employment they can fall significantly and have in the past. One of the other issues is real wages need to go up....
24 years ago I bought 5 acres for 10 grand, I built my home with my own hands all up land and house cost me 60,000 dollars, now the government says my house is worth about 500,000 dollars, obviously it's not its just a scam so the council can up the rates.
I was looking at houses for sale in Tasmania today and was amazed at how many there are for $700,00 and up, for a state with lower wages and higher unemployment. Even a three bedroom house that hadn't been touched since the 70's for almost $600,000 in a rural area. 😮💨
@@aron.gortman I'd happily live in the high country of Tasmania, one of the coldest places in Oz, or on the west coast of Tassie with an average of 3.5 metres of rain PA...trigger you much?
I live in Tas. You are correct, however, in a smaller town like o where I live, you can still buy a 3 bedroom home with a 1/3 acre for $350K currently. It will need updating sure, but if you don’t mind rolling up your sleeves, they certainly exist. Hope this encourages you, all the best!
prices of houses always return to what people can afford, prices of NZ and AUS houses are at multiples to income that Japan reached in 1982, just before prices dropped 60% and then rose 2-3% per year, Houses in Japan just passed their valuations from 1982 TWO YEARS AGO! That sort of valuations we are at now, be warned.
Exactly. That's why I just bought property down towards Milford sound about an hour away. Nice big block of land. Lots of water and freedom away from everyone. Very cheap
Tbh, it doesn't matter if it's a buyer's market in NZ because no one can afford to buy a house right now. That's why they're leaving, to try their luck somewhere else because for many it's impossible to survive in NZ. I have family and close friends in both Australia and NZ and almost every single one of them agrees that the cost of living is much higher in NZ than it is in Australia. Price of grocery is higher in NZ but people are earning much less in NZ as well, so it's a double whammy. So you can't just look at the housing market and say that NZ did the right thing. It doesn't matter if a house costs $1 if no one has $1. Price is just a number. It all comes down to whether if people can afford it or not and that's basically what it's come to in NZ - no one can afford anything. This just creates another situation where the rich come swooping in to buy more property at a discount while the average people can barely survive to put food on the table.
New Zealand is also different with the fact that the quote “Just move rural” doesn’t apply. It’s very very difficult to not live close to the city and even if you do live rural, the price difference isn’t even that much. It would, a lot of the time, cost more to live rural due to fuel prices. Kiwibuild was meant to help solve some of this but it was so badly managed that only a few hundred houses got built 😭😭😭. So the only options we have is to make house prices fall or allow international investment and make all born citizens into rental tenants. Luckily we got NZFirst into our coalition.
We need to have more politicians here in Australia with the guts to forthrightly say that we need lower house prices. That house prices have to come down. Period. No ums, ifs, buts, or maybes. And it is getting ever more politically viable to take a strong stance on reducing house prices. Not only is the large portion of the country locked out of home ownership starting to flex its political muscle, but more and more home owners are starting to see the folly of high house prices. They see how our current path is unsustainable. They see the ludicrous housing market, lopsided economy, and worrying societal trajectory we are leaving our descendants. Yes, home owners themselves are waking up to the gravity and absurdity of the situation. And they realise that (unless they are a property investor) then a high value for their home doesn't really particularly make much difference for them anyway, provided prices fall smoothly and gently. It is still the same home. They realise that if they want to move then while their house will be worth less, other houses will be worth less too. They are also beginning to realise that the best inheritance they can leave for their descendants is a cheap housing market and a socially stable society.
I don't know what you're talking about. I have worked 50-60 hours a week for at least 20 years and I live in New Zealand. There's no bank that'll touch me as far a mortgage for houses. Might be dropping but still not an option for many kiwis.
Noticed in Sydney's Daily Telegraph newspaper there's been property sales stories where they've published the previous owners purchase price and annual salary in the year they purchased. Aussies were buying a house in Sydney in the 80s for double their annual salary. Not 13x like now.
It’s how they recycle our wealth through governments supporting the Banks, hence why RBA sets the interest rate, it’s a faux economy, with very little productivity, we have a socialist Government who have no idea how to operate Australia as a successful business, they have no respect for Aussies, they don’t care because they’re tax payer funded.
@@coopsnz1 we, tradies, are bloodsuckers, yes. Take tools and join! No, you cant, you Work In Office, not as these stinky tradies on muddy site with sun, rain and skills? Oops, in this case - PAY.
Better to reduce prices in a controlled fashion rather than have a massive correction like Aus is gunning for. The way mortgage interest rates works can have different impacts across countries. Eg Aus because we have variable across the life of the loan they can't take the heat out of new buyers without hurting people already in the market, whilst overseas it typically only effects new loans.
why? housing is an investment. Stocks dont have managed corrections, so why should housing. There seems to be a disillusion that housing has no risk despite being an investment. If bought at known stupidly high manipulated prices then to bad really.
@@PwerRanger01 Because housing affects everyone in your community and whilst you're letting it inflate into a bubble you're creating a homelessness crisis and generally harming social cohesion because the youth are locked out of shelter or moving out of their parents house
I’ve just left. It feels like the only wealth creation is NZ is in an inflated house price from which you can borrow for a new Ford Ranger. Wages are terrible and don’t grow. Or, you build a small business and run your Ranger and toys through that.
A blip in the unemployment could lead to a big drop in prices yet. The close to 50% of income to pay mortgages puts big downward pressure. Bailing out homeowners is of course a possibility but without a truck load or 6 of money, which isn't going to materialise, it's going to be a tough ask. Especially when the pesky RBA wouldn't lower rates.
People will want to hold on to their house at all costs, and will do extraordinary things. We're already seeing the employment numbers reflect the number of Aussies with side gigs. I also expect to see many access their super under financial hardship provisions to keep their home. I don't see anything that would lead to major prices drops.
RBA needs to step in...crash the market or the stagflation would remain for a decade , America did it , Aussies think their greed is a tank, sorry greed has always been fragile , read history
Sydney is like a gold mine now , i left a flooded apartment in liverpool for 550K , now its 750K , boom , people would pay a million for a tent in sydney
How much is NZ debt growing? Looks like it isn't. Lowest since 2012 in real terms. But as soon as the banks start cutting rates start your stopwatch because it'll be about 5 to 7 years before the next pandemic.
Nearly half the "Kiwis" in Australia were not born in NZ, a tangible percentage of NZ migrants use NZ as a back door into Australia as its a little easier to get into.
I sold one and bought three in the past month, blew past CV on my sale and scored between 35% - 42% discount on CV on the purchases. As the market turns over the next year I will laugh all the way to the bank
How is it known that housing prices are dropping when i assume they look at average home prices, see a decline and announce a drop BUT if a greater % of sales are more expensive houses bought by multi-millionaires from offshore who have bags of cash, we get a distorted view of housing price drops. In other words the drop could be say 50% in mid to low price houses but are buoyed up by strong mid and upper price houses that average NZers could never afford.
A lot of new zealanders are moving to Australia for economic reasons. These people are not counted in the immigration numbers but they are the largest bunch at the moment.
24,000 kiwis moved to australia in the last 12 months for better living condition while the rest of australia is complaining about the cost of living. Are kiwis better at money management while Australians suck at budgeting ?
well we do earn less and things are far more expensive. If wanted a house then had to basically stop living even on above av pay. that was for a box too if live in auckland or other major centers.
I never wanted my real estate to go up in price because i always saw it as a bad sign. A rat race index. People thought i was crazy but now they complain about a whole new set of complaints !! Meanwhile i still think the same.
@@donmcleod8307 no there not. Believe it or not,not everyone lives in Sydney. On a whole Australia has much cheaper and better quality houses hence the reason New Zealanders are leaving on mass to Australia! Cheaper houses better quality buildings better pay better weather and we have a housing crisis. Saying all that I’m actually thinking about moving back to New Zealand soon I love that place and Australia is turning to crap. All kiwis move to Australia and all Australians move to NZ 😂
Hi Biko, on purchasing our first home, should I buy or hold? I'm planning to hold on to my deposit and save more, probably for a 2 years or until house prices see a downtrend, whichever comes first. Then I can do a 20% downpayment:
Fear and uncertainty create major wealth. It's those who take the risk and have strong gut to endure the bloody days. When i notice extreme dips i tend to actually move more money to crypto
People dont understand that the prices of things are never going back down. This inflation is deeper than we think. Those buying groceries are well aware that the real inflation is much over 10%. The increments dont match our income, yet certain investors still earn over $365,000 in stocks and assets. Wish I could accomplish that.
Very possible! especially at this moment. Profits can be made in many different ways, but such intricate transactions should only be handled by seasoned market professionals.
Some persons think inves'tin is all about buying stocks; I think going into the stock market without a good experience is a big risk, that's why I'm lucky to have seen someone like mr Brian C Nelson.
No. Watch for when the U.S. market begins to officially fold and approx 1yr after that is when the Australian market will follow. The U.S. always leads.
On APM, last month to date sales volume was 2 properties above 2009 (GFC) sales in my region, and there’s been no month better than 2012 levels since at least August last year. Prices might be high, but it’s been crapping out here for ages. Who would have thought pumping so much housing stimulus in during covid would be a problem. September 2020: recession 2021: epic levels of housing stimulus, inflation at 1.3% just on Q4 2022: epic stimulus continues, Q1 at 2.1%, and inflation for the year ended at 6.61% 2023: still continuing most of the ridiculous stimulus but rates rising because of inflation 2024: some programs ended like years old NSW 40% equity grant and rates still high because of inflation, can’t do stimulus because of inflation Yep. We’re screwed.
@@PwerRanger01 its a big rug pull, make covid,lower rates,get people wanting to go out and spend,once you give out enough loans,raise rates 13 times,now rug pull time
I'm eagerly anticipating a potential housing crisis to make affordable purchases after selling some properties in 2025. I'm also thinking about investing in stocks as a backup plan. Any advice on the best timing for these investments? I've seen substantial trading profits, but there are worries about the market's instability and the possibility of a dead cat bounce. Can you explain why this market phenomenon happens?
You're not making mistakes; you just don't have the know-how to profit in a tough market. In such challenging times, only highly experienced individuals who went through the 2008 financial crisis can anticipate making significant profits.
Lately, I've been thinking about reaching out to consultants for advice. I'm at a stage where I could benefit from some guidance, but I'm uncertain if their services would truly be beneficial.
Desiree Ruth Hoffman, my CFA, is well-respected in her field. I suggest delving deeper into her qualifications. With her extensive experience, she serves as an invaluable asset for those seeking guidance in the financial market.
Thank you for this tip. I must say, Desiree appears to be quite knowledgeable. After coming across her online page, I thoroughly went through her resume, and I must say, it was quite impressive. I reached out to her, and I have booked a session with her.
Housing isn't affordable in NZ. It's not as bad as Aussie but in now way is it affordable. It's a nice Stat about falling prices to fit the narrative. People are broke we have the highest power prices in the world not to mention the food prices. One of my fav things about Aussie is its so easy to get a job, in NZ it's a fkn punish trying to get a job
Fear and uncertainty create major wealth. It's those who take the risk and have strong gut to endure the bloody days. When i notice extreme dips i tend to actually move more money to crypto....
I feel sympathy for our country, low income people are now suffering to survive yet inflation and recession keep increasing daily, many families can't even enhance the good cost of living anymore. You've helped me a lot Sir Brian! Imagine I invested $50,000 and received $190,500 after 14 days
Some persons think inves'tin is all about buying stocks; I think going into the stock market without a good experience is a big risk, that's why I'm lucky to have seen someone like mr Brian C Nelson.
Hi Biko, I like your videos, do you think that policy change will ever come? Dutton owns 24-25 investment property if he gets into the lodge he won't change a thing, he will make it easier for people like him. Maybe hit the small 1-2 investment property owners but the 6% like him will never be touched, voters who dream of a home need to keep that in the front of there processing unit (that's there brain). Keep the videos coming Biko
Fantastic video! I have incurred so much losses trading on my own.... I trade well on demo but I think the real market is manipulated.... Can anyone help me out or at least tell me what I'm doing wrong??
Investing with an expert is the best strategy for beginners and busy investors, as most failures and losses in investment usually happen when you invest without proper guidance. I'm speaking from experience.
All these explanations don’t make sense because this trend I UNIVERSAL , just like the 2008. It’s got to be something above the idiosincrasies of NZ. I wish I knew what caused the housing to go crazy above inflation …
Biko, you have done your research here but it's not all rose's over there, I am a nz citizen and I have family still there, they say there is literally a wait/ delay now to get your passport because people are leaving, yes housing may be cheaper in some places but remember majority of newzealanders earn less and even still alot of prices are still similar to Australia also housing over there falling 2% is bugger all, even in public schooling over there nearly all my friends parents were renting, not like here where alot more own their own. Anyways don't believe all the hype they're still struggling too😢
