Australian Property Market Update: June 2019
b"https://www.youtube.com/watch?v=py5RvAHu91c\\n\\n\\n\\n\\n\\n\\n\\n\\nWelcome to my Australian property market update for June of 2019 where we dive into the housing data as well as look at the news and things that may have an effect on the property market.\\n\\n\\n\\n2 Properties to Financial Freedom Strategy\\n\\n\\n\\n0:00 - Introduction0:53 - Major changes that have happened4:00 - Looking globally4:46 - Potential global recession looming6:33 - Let's jump into the data. Dwelling values down 0.5% last month8:03 - Sydney is declining faster than Melbourne - -0.5% vs -0.3%8:34 - Monthly changes of the capital cities9:53 - Changes from peak of the capital cities11:00 - It's been 19 months of national decline11:43 - Transaction numbers remain lower than average12:46 - Rental growth continues to slow14:15 - Rental yields are growing significantly15:16 - Day on market are currently dropping15:57 - Monthly value or new finance commitments are trending downways16:40 - Lowest cash rate since the 1960's17:15 - Percentage of interest only loans has plummeted since 201718:02 - Sydney housing data20:22 - Melbourne housing data21:08 - Brisbane housing data23:05 - Adelaide housing data23:58 - Perth housing data25:48 - Hobart housing data27:25 - Darwin housing data28:43 - Canberra housing data29:54 - Do I think the bottom has hit?\\n\\n\\n\\n2 Properties to Financial Freedom Strategy\\n\\n\\n\\nMartin North + John Adams YouTube\\n\\n\\n\\nMartin North's YouTube\\n\\n\\n\\nRecommended Videos:\\n\\n\\n\\nAustralian Property Market Update: May 2019\\n\\n\\n\\n2 Properties to Financial Freedom\\n\\n\\n\\nTranscription:\\n\\n\\n\\nRyan 0:00hey you amazing humans and welcome to my australian property market update for june of 2019 where we're gonna dive into some of the data behind the australian housing market look at what's happening in the current market as well as what are some of the changes that have taken place which could affect the property market and property prices so if you're looking at investing in property or if you've already invested in property it's very important to keep your finger on the pulse and this will help you do that obviously i don't have a crystal ball i'm looking at the data just like you are not a fancy economist or anything like that but i'll look at it see what i can learn from it see what trends we'll be watching you can follow along and obviously make your own assumptions from the data this isn't financial advice but this is something that i love to do each and every month to keep on top of things so without further ado let's talk about some of the recent changes that have happened in australia which could affect the property market it's pretty rare that we have this much news and one monthly update but we did just have the federal election and obviously liberal got in or liberals stayed in labor did have some proposed changes to negative gearing for purchases of existing properties or new purchases of existing properties to basically remove the negative gearing benefits in that as well as reduce the capital gains tax discounts for investors as well so this was seen to likely have a negative impact on the australian housing market and so given that liberals got in that is now out the window and not going to happen at least for this term of government so that has definitely put confidence back into the market in terms of investors just not having that potential negative coming through liberal have also offered a new first homebuyers scheme where first homebuyers can purchase a property with just a 5% deposit but how much this is going to affect the market is pretty unclear because it is limited to just 10,000 people per year i believe and those borrowers still need to actually be able to qualify for a loan so not sure exactly whether or not this is going to have a positive impact of that definitely doesn't seem to be like a negative we've also got some changes with apa and how the banks assess people for loans so previously banks would look at people at a 7.25% interest rate i think it was and to say can ..."