They will be raising interest rates by .75%, that is why they gave a tax cut. Interest rates will be high for a long time. Albo, won't be in parliament after the next election, immigration will be cut drastically.

Yours is the voice of reason in such a muddied media climate! Thank you for this video 😁

@InvestmentRiseTV

2 ай бұрын

My pleasure. Hope it helped

This market is run by greed not by need. Warrant Buffet famous saying "Be FEARFUL when others are GREEDY ! " definitely fits here.

@chrish9155

2 ай бұрын

Desperation and greedy just by looking at his facial expression 😂

One thing I feel puzzled - how does a few thousand dollars of tax cut help increase cash flow and increase property purchase power? It's nothing.

@ASXFundamentalsAnalysis

2 ай бұрын

It’s his property spruiking as many property gurus. Same bs all around

1:16 Let's run some numbers to check if this article is correct 🙂. Loan Amount = $600,000 | Interest Rate = 6.44% | Term = 30yrs | Repayments Monthly = $3769 / Interest Rate = 5.44% (full 1% reduction as claimed in the article) | Term = 30yrs | Repayment Monthly = $3385. The difference = $384 per/month or $4,620 per year. But the maximum tax cut is $4,529 for someone earning over $200,000 year. It only works if we're talking about a couple who earns $100,000 and $120,000 where they'll get $2,179 + $2,429 = $4,608 in combined tax cut in a year closely matching the 1% reduction in interest rate as per the above example. Then the question is, do you think a couple earning a combined income of $220,000 per year will only have a $600,000 mortgage? Personally, I don't think so. The absolute maximum tax cut a couple could get is $9,058 if they both earn $200,000 or more per year. ($400,000 household income). If that's the case, the maximum loan amount this couple could owe to have their $9,058 tax cut equal to a full 1% drop in interest is -> $1,177,641/- . Again, do you think a couple earning $400,000 a year will only have a home loan of $1,177,641? Personally, I don't think so. Therefore, this article is wrong.

@PyjamaLlama

2 ай бұрын

Ofcourse it's wrong. Old mate is using Financial Review to support their argument which is a sensationalist paper. The whole video is just riddled with errors

@KoDeMondo

2 ай бұрын

600.000aud you don't buy nothing nowhere!

@ASXFundamentalsAnalysis

2 ай бұрын

You still need to add up council fees, insurance and maintenance to the calculation. This is not sustainable at all

@4x4dan26

27 күн бұрын

Ok new houses aren’t being built in Sydney north west Because they can’t sell them wake up people there too expensive fact not fiction like this video

All that extra cash, would likely be erroded by higher property taxes, thus balancing it out. I doubt the net effect will be that significant. The rezoning could have a greater impact.

More cash in anyones pockets = higher prices, it happens everytime the government messes with a free market, even after rezoning, the demand will still far outweigh what they can provide, I forecast that prices will simply keep going up and we will turn into europe with few landlords and many renters.

Very good video! Thanks

@InvestmentRiseTV

2 ай бұрын

Thank you. Hope it helps

What’s with the clickbait thumbnail and title? And what do you mean reset the property market? More like they just underpinned it yet again, just like every successive government for the past 36 years has done. What you did get right however is that the status quo remains, if you’re not in mining then property is the only game in town, and that the economy is sliding off a cliff in slow motion right now but hit full speed until about 6 months after the job losses start to hit. Interesting times indeed!

@shelby6622

2 ай бұрын

What about in mining and in the property market?

@KoDeMondo

2 ай бұрын

In other words home investors are in trap... High interest rate keeped for longer time is not helpful at all instead the The result obtained is the opposite and More painful.

It’s $300 for electricity retail & for many who feel a bit better off will have extra $300 in their back pocket so it is essentially $600 for every household- inflation is going to go up and with it the cash rate

@chrish9155

2 ай бұрын

daydreaming

He never disappoints

Renting is the best. Im renting a 2 million. House in inner city sydney . 500 per week. No increase for 7 years.owner has no kids. Big business. My rental property is 2.69 for 5 years. I think interest still low. Make it 10% to fight inflation. More interest please.

@pradipamahadeva8051

2 ай бұрын

In other words you are being subsidised. And you don't want others to be subsidised ...

@KoDeMondo

2 ай бұрын

​@@These-times-are-awesomeNope rent money is money of freedom instead of putting it into bank loan for over the next 25years of being mortgage prisoner. For an house which will be never yours!

@KoDeMondo

2 ай бұрын

​@@pradipamahadeva8051in others words I prefer do it because otherwise you get to subscribe into bank subsidence which is far more risky.. Forget to say here in Australia you can't default in your mortgage... Myself by renting I'm a freeman! 😎

@pradipamahadeva8051

2 ай бұрын

@@KoDeMondo Rent money is OPM. Talk to me when you have your own money...

great job

@InvestmentRiseTV

Ай бұрын

Thank you!

The budget also claimed to halve immigration next year. This will only happen if we are not on the brink recession. If our growth rate drops to close to zero the government will open the flood gates as this has solved the R word everytime over the 30 years.

Usually I agree with your videos, though this one not so much, I property going to be rezoned this year if the state government goes ahead. This means I'll be able to build a duplex. Hence higher property value.

Really helpful and insightful information! Thank you. Where do you think I could find where the Victorian government is planning to build affordable housing?

Budget's not just irresponsible it's treacherous

1.250 what exactly?

I think there is also hand-outs to poor ppl too.

Once everything is concreted for housing there'll be no land for growing food.

Double income = 9000 extra household disposable income.

Hey Niro, wouldnt it be a smart strategy to invest on houses with big land in the suburbs selected by the governments 'high density housing' plan, as wouldnt this mean the suburb is going to become a high population suburb hence the land around that area is going to be more valuable? Higher population suburb is going to mean bigger infrastructure, bigger shopping centres and bigger businesses hence in the future we can be land owners in these high density suburbs? These selected high density areas are going to be very valuable activity centres, arent they?

@Michael_Lane_Fishing

2 ай бұрын

100%. The reason the government has selected such regions for higher density is they are highly valued. Putting more people in these pockets does not take away the train stations, shopping centres, sporting precincts, community hubs, gyms and so on...

@KoDeMondo

2 ай бұрын

Hence is meaning nothing please refrain to subscribe into conspiracy theories about if and what... Basically YOU don't KNOW and no-one knows, that is the FACT!

What is the average mortgage? about $600,000 @ 7% ie about $800 bucks a week or if you are on $100,000 year, about 45% of you income whether renting or buying and the government is giving you just $40 a week... a pittance!!! Hey guys wake up and get off the hamster wheel. See australian property for what it is ...unafordable. It's out of everybody's reach. Look overseas in places like Thailand or Sri Lanka. You can buy a luxury high rise apartment in Pataya for $150,000 with magnificent views, well equiped gyms and roof top pools. that's what I'd do.

@InvestmentRiseTV

2 ай бұрын

ok

@gus5966

2 ай бұрын

Bye

A little simplistic…..

So economy goes down the toilet but property will rise? 😂 lol hope you are hear yourself. Greed is off charts for property investors in Aus 😂

@chrish9155

2 ай бұрын

It’s just a matter of time

@KoDeMondo

2 ай бұрын

❤❤❤YEP YEP... the keep dreaming on the housing Ponzi scheme 😂😂😂

It ain't gonna reset anything gimme a break. Perth property is going up 20% this year alone. Supply and demand. Housing isn't crashing any time soon.

You look so desperately 😢

Tax cuts in 2 months Might take 3 to 4 months to roll in Then next year, will be a boom year for property, affordable properly from 1.250 will move up easy 100k