"Next 12 Months Looks Nasty..." Mark Bouris & Gemma Dale 2 

Interest rates should never have been bellow 5% and actaully 7-8% is healthy!

Housing has gone from a basic human right to an asset class for the rich. I just sold my brick prison and bought a caravan. Life has never been better. Now NAB doesn't get my 2.5k a month, and I get to use it to experience life.

Inflation is about to blow out again led by Oil price surge. It means rates will continue to climb. Do not plan ahead based on an idea that this level of rates is the top. Our largest trading partner, properties backers, China, is also in a deep recession.

Why is immigration allowed whilst Australian people are experiencing homelessness? Are those responsible for issuing visas required to think of people or the market? Or not to think?

Middle class is getting killeddd. 2 kids and 1 income is 🔥. Everyone is feeling it for sure. Great episode

These rates aren't high. They only seem high because this country has allowed asset prices to go completely out of control in particular housing. I personally want a collapse because its the only way I'll ever own a home

The rich 1% own 99% of the world's wealth .. remember this saying? Today, the rich 0.01% own 99.99% of the worlds wealth ... the gap keeps widening. This is now having a real effect on the average family like never before because there is heaps more competition for significantly less houses. The rich 0.01% aren't going to sell either, so they're always acquiring properties and leasing them. There are individuals that own ten's.. hundreds... properties - it's getting to a point where now it's forcing all house prices exponentially upwards. So given this, there is no normalising ... it's basically, either you have ridiculous help or not. BTW I don't know anyone that's mortgage free at 48 yrs of age - it's closer to 60 when redundancies/ inheritances kick in. The next generation have no chance in this country .. with this government. In Sydney, many people sit on their wealth ie. they have millions in equity but no cash to live their life. Basically the next generation are relying on them to eventually bail them out of trouble. For some people though, that older generation are prepared to die on that hill and not give their kids the help they need because the next gen are starting way behind ... and financially life is 3-4 times harder than ever. Things could get very messy for these families as the community spirit and helping each other has been washed down the gutter.

The concern is at the reset of every cycle the government introduces a new round of first home buyer . The issue this time is now they want to own part of it in shared equity . Democracy > Socialism > Communism we are on our way when government wants to own private assets it’s called collectivism

Normal rates are 5percent. On home loans.

The Game is up .. Australia is heading for the pain many countries have been down the road

My consumer confidence is low, but for a surprising reason: I'm seeing so much increasing wealth in Australia, that I'm worried about soon been the equivalent of a Bangladeshi wage earner trying to survive in Monaco.

We all need to be very worried about this quickly rising inequality. It’s been bad for a while but it’s seemingly massively accelerating.

A lot of people are feeling the pinch, particularly the ones that have a 600k+ mortgage and a couple of vehicles that they are paying off. I guess they thought 2% interest rates were going to continue for 20 years. We have a 300k mortgage and earn pretty good money but we have noticed significant increases in food- I would say 20-30% higher. Combine that with an increase in fuel, insurance, utilities, labour costs etc, it starts to add up. And we are still on a fixed mortgage until July 2024! I would hate to be paying 700k at 6%

Australia houses too expensive, debt is scary for me, try to reduce it as much as I can down to every $1.

Offer the over 50s a 5 year retirement bond at 8%… it will suck out the liquidity

Are you taking in consideration tsunami of people loosing jobs because of massive AI introduction in 2025. AI creators are urging people to prepare themselves for 20%-40% white collar workers will be replaced by someone who will be operating AI and will increase productivity which is very low in Australia.

We need to raise rates to 10% because property speculation has been rampant. More needs to go into investing in businesses.. not properties.

I love these interviews , but it is laughable to hear interest rate predictions considering what has happened in the past 2 years.

Can you please report on the effects of these two issues impacting property prices and the housing crises. Rise of airbnb and those properties being taken off the market for long-term rentals. Foreign purchases of australian houses and why are so many foreigners permitted to purchase australian property. Thanks

So if consumer confidence is lower than the GFC and Covid crisis, what does that say about bots on sharemarket and why they aren't ploughing into housing as flight to safety? What explains pouring cash into Superannuation then? If they know or don't know that Annuity is trending?

I found this discussion quite short sighted and shallow. I'm not sure what this wanting to go 'back to normal' crap is about. Is the so called 'normal' where housing becomes less affordable every year? And should we be cheering on the RBA when it cuts rates and makes this problem worse? We need a permanent reversal of the RBA's charter to curb housing process and the easy credit it issues every year. It's not that complicated, we just need a STABLE amount of currency in the system, like we had all the way from 1945 to 1970. In this period there were no housing affordability problems AND no unemployment.

Overall, shameful mismanagement of Australian resources, selling our values off cheaply to be personally advantaged. I assume LNP hate everyday Aussie's when looking at the policy and outcomes from decades of poor performance.

The current federal government are less than half way through the current electoral cycle and the fall in the standard of living is stark. Our current leader appeals to nuftys at one end and inner city elites at the other of the voter base. Middle Australia has been cast aside for an expensive Labor party social agenda coupled with little else than symbolism. The Whitlam government tried something similar and history reveals how that ended. I expect panic in backbenchers this time next year with Albanese who is a stalwart of Labors left replaced with a candidate who will appeal to the middle ground. And no....this will not be one of labours mean girls. This was tried with Gillard....abject failure. Its an even bet this will be a one term government. You heard it here first.

Hey Mark, Big fan, love these interviews but with all love and respect….. please stop the waffling and let your guest speak and elaborate. We have someone who’s got so much insight and knowledge into some real data on the ground and I feel this was a wasted opportunity into learning more about what the market is doing and where we could be economically going. 😅

Interest rates set on low drove the debt!

Every worker I speak with is doing the job of 2 ppl, are already exhausted and quiet-quitting. This is unsustainable.

To me the next few years look great. The interest rates have risen and settled to their 30 year long term averages and hopefully we can look forward to some stability and calm in the economy with lower inflation. This will be a win for everyone.

All good if the planet is stable and nothing else comes out of left field 😁

Uhhhh why would the Oldies slow their spending? We are talking about a Generation who VOTED unborn into Debt & Higher Taxes so they could consume. You think they really give a stuff about anybody else? There will NEVER be ANY Political will in this Country to free up the Economy to reduce the burden on Individuals as far as Bills, Housing, Cost of Living etc.... goes

Lakeside Motel opposite REX Lismore Airport yesterday 24th Aug 23 quoted me $250 per night still (derilict looking from floods) BUT booked out til Christmas 2023 Same with Bounty Hotel Lismore booked out Also NO reception service Rates up service down

Is inflation globally going through the roof because most governments have printed a lot of money during covid? What part did/does this play?

Cue the inferno - rates going higher - property will be one big dumpster fire. 🔥

Mark Bouris should not care less after selling his business for more then half a billion dollars why would you worry ,i would be on a boat, sitting back in Monaco .

One of the best level headed discussions I’ve heard for a long while

2:15: Yep, consumer confidence is low, yet spending is still 30% higher than 2019. And houses are rising at 12 to 15% annualized pace. And luxury car sales are at record highs. I don't get it?

This obsession with purchasing the $800k property, to live in and pay off! Financial suicide. Here's a thought, rent it out and rent elsewhere! Cash flow, tax benefits, and put a stop on the toys! Cars, boats, flat screen's!!! The emotional attachment to property and having to live in it is just laughable! Maybe take up a 2nd job if you can't afford to live?

It is not all boomers spending. There is a group of Gen Z's still at home that are out spending

if you read progress and poverty by Henry George and follow the work from Fred Harrison you will understand why inequality continues to rise

3% - 3.5% official interest rate. 😂 Where will the AUD be 0.40 to USD. 😂

Families I know are swapping to bush camping “free”

How is 4.1% high? It feels high because of debt.... but it ain't high.

Every rental I’ve inspected has a brand new renovation which means they took out a loan for it and interest rates are biting. Rent it out for a year to try to hold onto it.

Just a nother Wonderful informative interview, Md,Thank you and you lovly Guest, Gemma Dale,,🌱🌿⚘🦉

4% = extraordinarily high interest rates. You heard it from this guy.

Can anybody explain how banks are making record profits?

Thank you for this insightful and metered interview its made me take a big breathe! All will be fine if we just hang in there, and hold the purse strings . ;)

Great episode

At the point they need to reduce the rates, im seeing a dominoes effect being created and even the reduction in interest rates wont be able to stop it. leaders find it hard to make quick discions as they are data driven and terrible and predicting against, they will ultimately find it hard to reverse their desicions quick enough.

22:10: The property markets are in fact rising at 10% plus right now. BNE and SYD are rising at 16% annualized pace right now.