More Household Trouble In The Land Of OZ: 2: Post Code Analysis (You Asked; We Answered!)
This is the second post relating to our household stress analysis for June 2024, in which we answer specific viewer requests for deep dive analysis at a post code level. Specifically we covered:
2250
6210
3021
2213
3064
3754
2213
3109
3465
3199
3942
3266
3220
6026
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Пікірлер: 57
Postcode Place 2250 Gosford 6210 Mandurah 3021 St Albans 2213 Panania 3064 Craigieburn 3754 Doreen 3109 Doncaster East 3465 Avoca 3199 Frankston 3942 Mornington 3266 Warrnambool 3220 Geelong 6026 Karrinyup
@WalkTheWorldDFA
Ай бұрын
Thanks, will pin this...
@Jun-pr6li
Ай бұрын
Sean, time stamp will be perfect.
Let’s work hard so Albo can give it to someone else
@vikramtevaraj9274
Ай бұрын
Adam Smith would shut on your face though... A lot of people don't realize that was literally his main contribution with the invisible hand of the market thing being 12th century Islamic scholars
So good to have an Australian perspective. Great job love the channel.
@WalkTheWorldDFA
Ай бұрын
Thanks, appreciated.
As always, fantastic. Thanks Martin
@WalkTheWorldDFA
Ай бұрын
Glad you enjoyed it
Thank you kindly Martin.
@WalkTheWorldDFA
Ай бұрын
You are very welcome
Thanks
@WalkTheWorldDFA
Ай бұрын
Thanks, greatly appreciated...
Martin, can you please look at an analysis for all scenarios, where migration continues and gets stronger/higher? Sadly, I fear this is going to be our ongoing future. Love your work 👍
@WalkTheWorldDFA
Ай бұрын
It is a scenario I could build, but frankly I think its unlikely, given current political pressures from Dutton! We will see...
@ConstructionHoney
Ай бұрын
There is pressure to stop visa hopping on a student visa. Hopefully that does stop the undesired migrants.
thanks for the analysis!
Thanks for the ongoing analysis. I don’t think the politicians have any idea about mortgage stress. Particularly state and local councils. It’s property Rates, fees, insurance, land and other taxes, that have been going up - giving scant regard to all practical reason - with local and state government just not winding back their spending that’s causing me (mortgage) stress. My guess it will be particularly poignant with people who are self employed and never quite sure of a stable cash flow (unlike bureaucrats whom seem to forever have guaranteed employment- no matter what trivial projects they are doing that have zero impact on improving our standard of living) Appreciate the podcast.
@WalkTheWorldDFA
Ай бұрын
I agree, most Polies do not want to hear the truth
Excellent thank you compulsory listening
@WalkTheWorldDFA
Ай бұрын
Thanks for listening
But Martin, house prices in Rural Australia is keep going up and up and up! Like Tamworth NSW, house price here gone up 30%+ in the last 3 years
@WalkTheWorldDFA
Ай бұрын
That was then, but going forward, not so much...
@LuluTheDuck33
Ай бұрын
@@WalkTheWorldDFA I live in Tamworth NSW, house prices here is still taking off like a rocket!. Each time I look, it goes up again by another 5% or so. I am here, and what's transpire on the street is different than what you have on paper
@LuluTheDuck33
Ай бұрын
@@WalkTheWorldDFA Apparently ALOT of people from Sydney are moving to Regional Australia. They sold their properties in Sydney and bringing their $Millions to Regional, like Tamworth. The average VERY NICE property in Tamworth is about $650,000+ While the average house in Sydney is about $1 mil+. If you sell your property in Sydney, you can EASILY purchase a much better property in Regional. This is why property prices in Regional Australia is taking off, because of injection money from big cities like Sydney.
@ConstructionHoney
Ай бұрын
This will cool with interest rates going up..
@LuluTheDuck33
Ай бұрын
@@ConstructionHoney But interest rates will go down. ECB and Bank of Canada already lowering interest rates.
My friends in banking have said they think interest rates going up 50 basis points based on deposit rates being increased by banks. They are about to sell their investment property as they think peoples affordability will decrease and cool house price inflation.
25 - 30% decline as base case? I hope you are right.
Thanks Martin 🙏
I got my eye on your work mate sold my property in new Zealand at the peak of the market watching your prediction.Now watching when to sell my property in Bunbury post code 6230 love ya work mate
Thankyou for your information
Wright 2611 Hamilton 4007 and a geo mapping!
Hello Martin 🙂
Australian house prices will follow Europe where they have returned to 2010 levels. And ours will fall further because we have worse productivity than they do, and our household debt is higher. The tanking Chinese economy will be the last straw, increasing our unemployment and forcing banks to sell houses with delinquent mortgages. Our banks are not charity organisations.
Anecdotally things are looking great in Vic. I have several friends that are buying their first IPs and making good money, it seems there are still lots of good opportunities out there
My postcode is 6623 My place from before was 6163 🤩
How about small town Australia, like Tamworth NSW 2340?
Hi Martin, I would like to see a geomap. Thanks
@WalkTheWorldDFA
Ай бұрын
Noted!
For prices to fall, logically you need either (a) interest rates to rise very materially, (2) building costs to decrease substantially or (3) immigration to slow massively or (4) income to fall substantially due to a big recession. None of these is going to happen. 'Scenarios'. where this is the base case are delusional. The entire economy and political economy of Australia is geared towards making house prices go up, how is it you think prices could fall? Here is a hint population will be 30m by 2030, those extra 4.5m people will live more people to a house and square the circle.
can you advise on path where one could potentialy learn to analyse like yourself? books to read or the like?
Hi Martin, Could you review post code 6052. Great site, thank you.
Martin ,look up Taree and surrounding areas like Old Bar where theres new subdivisions opening up as this is a realitvly social economic area of many unemployed,but house are still hitting the million mark and I'm seeing heaps of online buying through E commerce as I work for Post,so ide like to see 2430 figures,Pete ,and btw my mum is going ok since she spoke to you
Hi Martin, any chance on post code 2204 thank you
Reasons why the fools in our society show signs of displacement.
I dont get it! You are saying average rental 2000 per month pretty much everywhere but todays rents are advertised at 700 upwards for standard 3 bedder which is 3000 per month
@WalkTheWorldDFA
Ай бұрын
Difference between new rents (as advertised) and existing agreed rents, some of which are significantly older agreed rents...
Doreen has nothin to do with Wangaratta. Be sure to check you data is accurate
BS in BS out spreadsheets
@WalkTheWorldDFA
Ай бұрын
Or perhaps, highly accurate data in (from large sample) and accurate analysis = truth that people would prefer to avoid?
@sometingwongwai9679
Ай бұрын
@@WalkTheWorldDFA = creating the largest permanent rental class.
@nicolle_2944
Ай бұрын
@@sometingwongwai9679to quote the WEF... " By 2030 you will own nothing". All by design. When you have a population that has no interest in politics and how they are governed, then you get WEF puppets running the country, and a large parasitical public service.
I assume you mean me as a troll. Please don’t ignore me ;)
@WalkTheWorldDFA
Ай бұрын
Nope - but some seem not to understand the difference between scenarios and forecasts, I am sure you do! :-)