Australian Housing & Economy Update July 2024

Australian Housing & Economy Update July 2024
In this regular segment Martin North of Digital Finance Analytics & I go over the latest news & data points affecting the Australian Housing Market, Global & National Economy, including our forecast & predictions. This is our monthly segment to dig a bit deeper into what is taking place in our backyard. We'll also examine different aspects of the global economy & what we can expect moving forward. #Australia #Housing #Economy

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❗ DISCLAIMER ❗

Alex Saunders is not a Financial Adviser. All opinions expressed by Alex Saunders or his guests in this video are for informational purposes only and should not be treated as investment or financial advice of any kind.

Any information provided during the video is general in nature and does not take into account the viewers specific circumstances. Nugget’s News and its individual team members are not liable to the viewer or any other party, for the viewer’s use of, or reliance on, any information received, directly or indirectly, from the video in any circumstances.

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1. Conduct their own research,
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[DanTommasoMatteo]

I'm 48years old living in Sydney, I'm hoping to retire at 50 if things keep going well for me. Bought my first house last month and I can't be more proud that am i now. I'm glad I made great decision about my finances that changed me forever but now I can't seem to make any other smart investment.

[Lisa-wu]

Economics have been sounding off on just how bad they think the next downturn might be. I need ideas and advice on what investments to make to set myself up for retirement

[tristan]

2 major critical inputs that I would like to give.
1. housing crisis is a regulation problem with councils stopping people from created higher density.
2. the politicians ARE for big business, stopping the small guys with the crazy amounts of rules

[austinbar]

I’m closing in on my retirement and I’d like to move from Ballarat to a warmer climate, but the prices on homes are stupidly ridiculous and Mortgage prices has been skyrocketing on a roll(currently over 7%) do I just invest my spare cash into stock and wait for a housing crash or should I go ahead to buy a home anyways?

[Larry-plwq]

I can't believe how bad the housing market has gotten. Prices are through the roof, and it seems impossible for middle-class families to buy a home now.

[downtoearth]

The Fed. Government is Happy to throw all Aussies under the inflation Bus❗ 😒

[hedgedfs]

been following/listening for a while now. you guys do a great job. very clear that accuracy and facts are priorities. keep doing what you are doing. people will gravitate to those north stars in the coming months of confusion and craziness

[jamescrow]

The root cause of housing unaffordability is money printing and the compound affect of increasing the money supply over time. Addressing other factors is merely a band aid response. When 'cash is trash' people who know, stash their savings elsewhere. In Australia that place is real estate. Would love for you to discuss this in a future video.

[wmrajput]

Quality content.
Should get more views

[jamesdlow]

Solution: Investors should require 40% or more deposit for established properties, if they get mored credit from the bank it should only be to build more homes and solved the problem.

[riverleigh]

1. Allow home owners to negative gear and remove negative gearing for investors. That would stop the speculative nature of property, push investors into creating actual real businesses that produce something which would benefit our economy and provide the opportunity for families to actually own their home and get a piece of the privileged tax benefits even foreign multinationals get, instead of bearing the full tax burden others clearly don't. If we keep going down this track it will just end up as a game of monopoly with the winners the likes of the b/rocks et al owning everything and only they will be happy. 2. Also pass a law that if your not a resident and/or citizen of Australia then you can't own property. How many of those vacant properties would then be available?

[stevenmartin]

Mining and gas sectors need to adopt a sovereign wealth funds to protect our future.

[electrichorror]

I live in Perth and the market here has gone crazy within the last 4 years. It's gone up 50%. An average house that was $500, 000 is now $980, 000

[snillocluap]

"Coldest snap on record" in Tassie 😮
If we don't start talking about global cooling then it could sneak up on us and catch us unawares...

[williamcrossan]

The speed of which standards of living for non-property owners has fallen, is harrowing.
What a truly dreadful situation.
How could a former social housing resident do this to his people?

[Beaches-mpmo]

Got to love the new View Tax just like the old Window Tax in the UK in the 1800’s.

[sanctuaryplace]

Banks are all saying we are peak interest rates so interesting to see who will be right

[Beaches-mpmo]

Everyone forgets the the CPI is compounding.

[HKSMahjong]

There are a lot of titled properties that do not have water connections. I e. Car parks and storage cages. This was revealed as a flaw in the data you are using. Have you taken this into account?