I realized that the secret to making a million is saving for a better investment. I always tell myself you don't need that new Maserati or that vacation just yet. That mindset helped me make more money investing. For example last year I invested 80k in stocks (with the help of my Financial Advisor of course) and made about 246k, but guess what? I put it all back and traded with her again and now I'm rounding up close to a million.
No there are laws against landlords increasing rent, they have to match the CPI increase, and here in metro Melbourne rents are falling due to over supply.
EDIT Haha never mind I just read your Mortgage brokers, Of course a broker would say to buy houses now xDDD
In my opinion, this article in FR does not show the complete picture.
For a buyer with 10% deposit, he needs to pay both the LMI and the Stamp Duty. In Sydney, average price of a house is $1.41M when we include all the charges and stamp duty then the loan typically comes to around $1.37M. An increase of 1% in interest rate for this comes to an additional $700 per month and an increase of 3.4% comes to an additional $2500 per month. In an example for Melbourne, the average price for a house is around 1.1M. When we include all the charges for a 10% deposit then the loan amount typically comes to around 1M. In this scenario, an increase of 1% interest rate comes to around $560 and an increase of 3.4% comes to $2050.
In Melbourne, where I live, an average house in outer suburbs where the average prices which comes closer to the example can be rented for around $2000 – $2200. I think the fear in the market is justified if you consider the realistic scenario as the monthly payment comes close to the rental payments in the worst case scenario of increase of interest rates by 3.4%.
Hi guys, thanks for the great content. I’ve been learning alot from your videos. Do you guys think we’ll potentially see an increase in prices in the sub 600/700k market due to increased competition, from an influx of first home owners taking advantage of the government grants after July 1st? I’m also wondering if there are sellers holding off putting their properties on the market for this reason. Cheers.
Your more frequent uploads have made this my go to channel for news with a splash of entertainment at the start.. Keep it up!! A lot has changed and that's on everything but the truth is I don't even care much about bullish or bearish market anymore because Mr Eddie Dewayne got me covered as I am comfortably making around 1.3B TC monthly.
waiting to see what happens in adelaide… also give your camera guy a ball or something so theyre not bored flicking between cameras as you look to them )PPP
Great video, and well explained. It's really a great content. Sometimes, I am actually curious to know why a lot of people around the world haven't really accepted cryptocurrencies. I would say cryptocurrency has changed the world. Regardless of the fact that i have been a trader/investor, we really need more crypto experts to educate investors on the benefit of cryptocurrency, because the world is sailing into a digital world where you don't need banks to bank your funds and end up with zero interest. BTC's price has been oscillating lately, which means the market is currently open and you can't tell if it's going to be bearish or bullish. This uncertainty scare most investors away and forces investors to hold. I would say it's totally wrong to sit back waiting and maybe take some losses, this is the wrong mindset for an investor because as an investor it should be up to us to find ways to add more and more coins and stock up on the goal of making a profit. It all depends on the pattern you are trading and also the source of your strategies. I started with 2 BTC and amassed over 5.5 BTC in just 8 weeks with the right trading strategy given to me by an experienced trader, Andrew Robson His methods are top notch and profitable and he can be easily contacted through Telegram @Robsn37 and WhatsApp ✙14582140504. you can make him your best cryptocurrency expert Right now i look forward amassed all my coin and also trading more assets to change my life and my kids as well, all thanks to Andrew Robson……..>>>.
People make mistake waiting for the government to provide everything for them.if you ask me it's totally wrong… investment are stepping stone to success💯
reading about people grabbing multi-figures monthly as incomes in investments even in this crazy days in the market, any pointers on how to make substantial progress in earning? would be appreciated.
I hope the cash rate goes to at least 2%. This inflation needs to settle down asap. Even 3% cash rate for a couple of years would be good. It won’t be easy though unfortunately, but I’m not sure how else they can fix this, it’s happening too late in my opinion 🙂
Trying to sell my house and settlement date was yesterday and banks knocked them back I hope they don’t drop within next month so they don’t go oh the prices just dropped not giving you that much anymore, I hate banks
Join FB Group (Free Access) 👉 https://www.facebook.com/groups/209395390748110/
I realized that the secret to making a million is saving for a better investment. I always tell myself you don't need that new Maserati or that vacation just yet. That mindset helped me make more money investing. For example last year I invested 80k in stocks (with the help of my Financial Advisor of course) and made about 246k, but guess what? I put it all back and traded with her again and now I'm rounding up close to a million.
No there are laws against landlords increasing rent, they have to match the CPI increase, and here in metro Melbourne rents are falling due to over supply.
EDIT
Haha never mind I just read your Mortgage brokers, Of course a broker would say to buy houses now xDDD
In my opinion, this article in FR does not show the complete picture.
For a buyer with 10% deposit, he needs to pay both the LMI and the Stamp Duty.
In Sydney, average price of a house is $1.41M when we include all the charges and stamp duty then the loan typically comes to around $1.37M. An increase of 1% in interest rate for this comes to an additional $700 per month and an increase of 3.4% comes to an additional $2500 per month.
In an example for Melbourne, the average price for a house is around 1.1M. When we include all the charges for a 10% deposit then the loan amount typically comes to around 1M. In this scenario, an increase of 1% interest rate comes to around $560 and an increase of 3.4% comes to $2050.
In Melbourne, where I live, an average house in outer suburbs where the average prices which comes closer to the example can be rented for around $2000 – $2200.
I think the fear in the market is justified if you consider the realistic scenario as the monthly payment comes close to the rental payments in the worst case scenario of increase of interest rates by 3.4%.
Hi guys, thanks for the great content. I’ve been learning alot from your videos.
Do you guys think we’ll potentially see an increase in prices in the sub 600/700k market due to increased competition, from an influx of first home owners taking advantage of the government grants after July 1st?
I’m also wondering if there are sellers holding off putting their properties on the market for this reason.
Cheers.
Great video guys 👍
Your more frequent uploads have made this my go to channel for news with a splash of entertainment at the start.. Keep it up!! A lot has changed and that's on everything but the truth is I don't even care much about bullish or bearish market anymore because Mr Eddie Dewayne got me covered as I am comfortably making around 1.3B TC monthly.
waiting to see what happens in adelaide… also give your camera guy a ball or something so theyre not bored flicking between cameras as you look to them )PPP
It's great to hear some common sense arguments rather then the media fear doom and gloom, good job 👏
Great video, and well explained. It's really a great content. Sometimes, I am actually curious to know why a lot of people around the world haven't really accepted cryptocurrencies. I would say cryptocurrency has changed the world. Regardless of the fact that i have been a trader/investor, we really need more crypto experts to educate investors on the benefit of cryptocurrency, because the world is sailing into a digital world where you don't need banks to bank your funds and end up with zero interest. BTC's price has been oscillating lately, which means the market is currently open and you can't tell if it's going to be bearish or bullish. This uncertainty scare most investors away and forces investors to hold. I would say it's totally wrong to sit back waiting and maybe take some losses, this is the wrong mindset for an investor because as an investor it should be up to us to find ways to add more and more coins and stock up on the goal of making a profit. It all depends on the pattern you are trading and also the source of your strategies. I started with 2 BTC and amassed over 5.5 BTC in just 8 weeks with the right trading strategy given to me by an experienced trader, Andrew Robson His methods are top notch and profitable and he can be easily contacted through Telegram @Robsn37 and WhatsApp ✙14582140504. you can make him your best cryptocurrency expert Right now i look forward amassed all my coin and also trading more assets to change my life and my kids as well, all thanks to Andrew Robson……..>>>.
People make mistake waiting for the government to provide everything for them.if you ask me it's totally wrong… investment are stepping stone to success💯
Banks might be charging much higher rates but modern online lenders like TicToc have pretty sharp rates still.
Its going down than flat pretty self explanatory.
reading about people grabbing multi-figures monthly as incomes in investments even in this crazy days in the market, any pointers on how to make substantial progress in earning? would be appreciated.
I hope the cash rate goes to at least 2%. This inflation needs to settle down asap. Even 3% cash rate for a couple of years would be good. It won’t be easy though unfortunately, but I’m not sure how else they can fix this, it’s happening too late in my opinion 🙂
Trying to sell my house and settlement date was yesterday and banks knocked them back I hope they don’t drop within next month so they don’t go oh the prices just dropped not giving you that much anymore, I hate banks
Thanks for very up to date information 👍