Its Edwin's Monday Evening Property Rant!

More from our property insider as Edwin and I look at the high-rise push, and consider the consequences, touch on the stranded properties still on the market, and discussion the latest misdirection from the Government.

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[LeonieHall-co]

Ahh, high rise buildings.
The extraordinary intimacy of hearing the bathroom activities in the flat above, as a result of which, you know more about the inhabitants health issues than their family doctor does.
Prostate, constipation, volume and frequency.
You know it all

[richarddobosz]

Excellent presentation thank you compulsory listening

[InfinityIsland]

If high rise apartment is now down 20% since 2017 to 2024, then inflation adjusted loss is 21.67%.+ 20% = 41.67%.
Imagine if you bought 1 million apartment then now worth only 583k in real terms. Add defects rectification costs, high strata levies, legal fees, stamp duty etc.

[NortyNige]

Don't forget to hit that like button folks.

[HML-itte]

Martin’s high rise noise nuisance reminds me of farmers living with these massive wind generation towers.
As you mentioned the low frequency constant noise you not really hear, but FEEL never ends.
It affects the whole being in more ways than we currently understand.

This needs to be researched.
Better still don’t build these things anywhere near residences.
Farmers have got enough stress and worry in their lives…but they NEVER complain. The government takes advantage of this good will.

[satwindersaini]

"Abolishing negative gearing, reforming capital gains tax, and banning foreign buyers from purchasing residential property while encouraging them to invest in commercial property could help balance the housing market. Providing tax incentives for first-home buyers on their mortgage interest payments for the first ten years (similar to the U.S. housing policy) would promote home ownership, reduce demand for rental properties, and lessen the burden on taxpayers in the form of rental assistance. Additionally, 80% of newly released land should be allocated to first-home buyers."

[lmtcplay]

It's super simple either property priced come down significantly, wages rise significantly or young people will be renters forever. Not PC but the truth

[jameswillis]

Strata Managers declaring the plumbing and concrete cancer need a $1.5 million special levy, but he knows a contractor who can start right away

[tommyj]

'If you're drowning, panic harder' well said Martin

[brucewayne]

Filthy slum dogboxes... yeech! They are only built to last 40 to 50 years if that ... what a waste... kids unhealthy and myopic... fail!

[cruzrv]

Oh and when I say they’ve gone nowhere in appreciation, I’m talking over 20 years they’ve gone nowhere adjusted for inflation. Just think about that for a minute that means that a property in Sydney that was $250, 000.20 years ago that is now worth $1 million, calculated honest and properly has actually gone nowhere in real appreciation and purchasing Power.

[huffmanaviation]

The 5Eyes played babies crying 24/7 in Abu Ghraib and Guantanamo Bay imagine high rise flats are the same

[cruzrv]

Hi guys great show again. 41 minute mark. We are on the sideline because we have finally realised that adjusted for inflation and associated costs factored in such as insurance, land rates, council rates, repairs, maintenance, strata, etc our property valuations are actually a net loss. Hard to believe I know but once we factoring all of the costs and allow for the inflation we have found that our properties have gone nowhere in true appreciation. They look good on paper the reality of it is very different. We have decided to put our capital into businesses at least that way we are helping communities by way of employment.

[Zilron]

Houses selling for around 2 million dollars. Mean while my budget is 200-300k for a house, as is for most people I know considering our salaries are around 80k a year give or take. I can understand managers earning maybe around 150k, and doctors and CEO's around 200-300k, but honestly that is a small proportion of the population.

[martee]

Shrink-inflation will help people lose weight.

[nottenvironmental]

The sad thing is, the Greens proposal is the best out of a really bad choice. Units are better than homelessness

[carolyngartner]

Moving into a retirement village is not a solution for older people. Did you see the damning report on the 7.30 Report last week? Retirement villages were described as corporatised elder abuse!

[huffmanaviation]

High Density Urban Habitat project from the UN. HABITAT 3 was the last conference I watched

[defiantretiree]

Millions of books have been written throughout time about almost everything, yet no one learns from them.

[mylimomelbourne]

It’s a well known fact the benefits, the major reason why the mindset changed from small shops that closed down to large shopping malls is the discount provided by the shops in the malls. Usually at least 20% discounts in the large shopping centres which attract a crowds did we forget, the tourists industry government a.b.c will silence you support misinformation law