Australia's Jobs Market Collapse!

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passive income from property
Australian property investing
Australian property market update
interest rate changes
cashflow positive properties Australia

[peterburke]

Flipping houses, selling each other coffee and waxing butt holes .the economy is great.

[Andre_XX]

Typical property spruiker. This is why the Australian economy is going to implode. Prosperous economies are based on manufacturing real things, not on property speculation.

[victorian]

I work in retail and we have had hours cut and sales have more than halved from last 2 years, its not looking good.

[-xyz-]

Forget a recession…we’re heading for a depression that’ll make the last one look tame.

[cents]

Housing prices are insane, risk is way over the return

[vkan]

Saw a job ad for my job on linkedin and it was exactly 50% less than what I'm on now.

That's pathetic.

[sushigangstaa]

You sounded intelligent until the end. Keep buying buying buying sounds like greed.

[CameronGrace-fvrk]

I listen to a lot of people who have no idea or the education but sound educated! You have hit the nail on the head. The only elephant in the room! Stagflation! Great call!

[justindressler]

The RBA can't cut rates they risk devaluing the dollar. It's already to low this has caused inflation. If anything they need to consider increasing interest. Unless commodities prices go up therefore driving dollar demand up. The RBA is cornered.

[petebeaumont]

Australias Economy is extremely basic, we sell houses for ever increasingly stupid prices and we dig holes in the ground and send whats in that hole overseas. Yes, there are other aspects like agriculture etc. but by and large it is them two things. All we need is one to go sideways or down, and Australia is done. Which to be honest would be a good thing to rebuild a dumb Economy based around things that don't excel your nation.

[plexor]

The only way Australia can fix this is the system to collapse itself.

This housing inflation is nothing new. People really forgot about Japan, Ireland and U.S in the previous decades.

Australia just got lucky during the credit crunch in 2007 as China decides to trade with our resources.

With the bolstering trade it created jobs, increased tax revenue and had an effect on Australia's monetary policy.

While the whole world was having its deflation.The 'recession we have to have was deflected hence the treasurer at that time 'Wayne Swan' was heralded as the economic champion in Australian media and the world praised us as a miracle economy.

But it was all just 'dumb luck' cause of the Terms Of Trade.

Now there is no more resource boom. There is No China to save us as they are having problems.of their own. Expect things to be worst than the 1990's recession.

[TheRubberStudiosASMR]

It’s near impossible to get an interview for a bloody job

[Shin_Kil]

My thought is that many businesses are struggling and not offering wage increases, leading to frustration among employees, especially during salary reviews in June. As inflation rises, these employees are seeking new jobs for better pay, causing high turnover and reducing workplace efficiency. Meanwhile, essential blue-collar jobs like bricklaying and carpentry are facing shortages due to a lack of applicants. This situation can worsen the economy as critical industries struggle to find skilled workers and people make hasty job changes out of desperation. To address this, we need policies that encourage businesses to raise wages, provide training programs, and ensure essential industries can attract and retain skilled labour.

[HN-oloz]

The growth of YouTubers in Australia appears to be proportional to the percentage of unemployment observed.

[morganoox]

Of course property prices are going to the moon! Average 2M by next year! All they need to do is flood Australia with millions more immigrants, rich ones you buy all the houses and poor ones to take all the jobs, with any luck in a few years the entire working population will be homeless, and Average house prices will be in the millions, sitting there empty as a speculative investment! Of course infinite exponential growth is possible in a finite economy! Nothing bad ever happened to house prices, anywhere, ever!

[Roger-do]

This line of argument is very spurious, in the 80s and early 90s Australia had stagflation - high unemployment/high inflation/high interest rates all at 10 -20%. It was the recession in the early 90s that brought inflation and interest rates down. Now the narrator thinks that a very mild unemployment rate of 4 -4.5 % should trigger a cut in interest rates, who is he kidding? What about the persistent high inflation? The economy needs another recession to restore normalcy and equilibrium.

[davedobyn]

The velocity of money is slowing very much. Plus wages. Company restructuring after the BS scam that was.

[agentjacob]

Another great video and discussion. I've been binge-watching your stuff lately and I really enjoy it. Could you first clarify your decision to switch from a corporate 401(k) to a Roth 401(k)? I had always thought that starting with conventional was better because, as far as I could tell, you don't really benefit tax-wise until you earn above $125, 000. Unless you've covered it in a previous video already? Relationship?

[stevenhamilton]

Employers vaccines mandates is not helping my employer still requires an experimental medical procedure to work

[adiintel]

4.35% rates... and people say there high...must of been alot off people borrowed way above there means.