Is The Australian Housing Boom Over? | Sydney Prices Drop For The First Time In 17 months

Sydney has recorded a drop in property prices for the first time in 17 months and has many economists predicting a housing crash is coming. Could they be right? In this video, I deep dive into the latest Corelogic Data and provide a housing market update for each state as well as the regional Australian markets. Let's Dive in.

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[ellievon]

Recently sold 2 rentals in the Tampa/St.Pete area . The amount of interest in the Properties was really something . I was also totally shocked at the amount we were able to get for the properties . To say that the Home Market is crazy would be a huge understatement

[alvaasla]

Crypto is the future, lot's of people will kick their legs finding out they world have joined the Crypto space now it's still affordable. It provides a lot of opportunities

[perth]

Spot on as usual Ravi..

I continue to purchase property in Perth as most of the purchases are positively geared with 100% lending. If not positive, at least neutral even with taking into account cost over the mortgage.

I agree that Perth is undervalued and the appreciation of this is not really felt unless you have come from a market such as Sydney or Melbourne. I have recently moved from Sydney and the comparisons between the market are chalk & cheese. With migration about to resume with increased migration cap, WA border opening bringing cashed up buyers to the market and a 2nd mining boom looming, I feel Perth is a market ready to take off..

I have observed over 25% asset value increase in 3 years in Perth, all whilst maintaining a positively geared property portfolio.

My opinion on the crash to AU property market = Not going to happen!

Either 2 things will happen.

1. As properties decrease in value, most vendors withhold waiting for the market to recover, creating supply issues. Increased building costs and trade shortages mean in the past 24 months, New builds have been slower and cost more. Less properties means a bidding war could ensure prices are maintained or continue to increase.

2. Prices decrease meaning more purchasing from buyers for owner / occupied, creating a rental shortage. Rent prices skyrocket.

Either way, investment portfolios I feel will not be disadvantaged by the market direction.

[djdos]

I think people are already over stretched with debt, too many priced out but I'm waiting to see what insane schemes the government comes up with to artificially hold the market where it is or take it even higher

[marcoschena]

No body knows what is going to happen in the short term. One thing is for sure, we are all going to need somewhere to live, that will never change. Demand will naturally increase over time as the population grows, either through natural attrition or imigration. Buy and hold property forever.

[lukaslt]

Tbh I don’t think it’s over yet, houses in my area are breaking records every time they are for sale, over 60 people looking on open house and over 30 offers within 10 minutes on my neighbours house

Sold for 50k over asking

[donavonlarney]

taiwan, fuel costs.. material costs, , given what is going on; the internationally televised lock downs could of been a blessing in disguise .... and we still have supply / demand issues.

[seebs]

Great bro and insights again Ravi! Just wondering your thoughts on commercial property? I’m guessing if there’s a economic squeeze commercial property won’t be as viable? But that’s probably dependant on the tenant too…? Sorry, just starting this journey but Keen to hear your thoughts

[devSharma-snmi]

Hi Ravi what's happening with crypto bro

[tilt]

Just found Ravi. Fantastic. Fast to the point. Used to watch cheezy grin in Brisbane and still watch Zeng who i respect. So nice to listen to a guy who gets on with it.

[garry]

Housing prices will be flat for years to wait for the catch up of wages