Australian Property Market Update: March 2019
b'ARVE Error: Mode: lazyload not available (ARVE Pro not active?), switching to normal mode\\n\\n\\n\\n\\n\\n\\n\\n\\n{"@context":"http:\\\\/\\\\/schema.org\\\\/","@id":"https:\\\\/\\\\/onproperty.com.au\\\\/australian-property-market-update-march-2019\\\\/#arve-youtube-mh4k46tbe90659a0b2c15a49538929960","type":"VideoObject","embedURL":"https:\\\\/\\\\/www.youtube-nocookie.com\\\\/embed\\\\/MH4K46TBe90?feature=oembed&iv_load_policy=3&modestbranding=1&rel=0&autohide=1&playsinline=0&autoplay=0"}\\n\\n\\n\\n\\n\\n\\n\\n\\n\\nLast week I talked about how I got into debt, now we are going to look forward at my strategy for achieving long term financial freedom\\u2026so I don\'t find myself in this situation again. Get a free property strategy session - https://onproperty.com.au/session/\\n\\n\\n\\n0:00 - Introduction\\n0:33 - Step 1: Generate more passive income through my business\\n2:54 - All other steps are built off me growing my business\\n3:41 - But business is not a long term solution for financial freedom\\n4:21 - Step 2: Pay off debt\\n7:00 - Step 3: Invest in property using the \'2 Properties to Financial Freedom\' strategy\\n9:41 - Step 4: Focus on paying off the debt of my properties\\n11:18 - The goal is the set myself up for financial freedom as quickly as possible\\n11:53 - I\'ll focus on buying high-quality properties in metro markets\\n\\n\\n\\nRecommended Videos: How I Got Myself Into Debt - https://www.youtube.com/watch?v=0lHQ-7LjR0w How I Am Going To Pay Off My Debt - https://www.youtube.com/watch?v=TPuX7B6BPFY\\n\\n\\n\\nTranscription:\\n\\n\\n\\nHi and welcome to this Australian property market update for March, 2019 this is a new segment that I\'m going to try it where we talk about how the Australian market is performing as well as talking about some key indicators in cities as well. So basically what we\'re doing in this video is going through some of the data that called logic of shared in their monthly update video. I will link to directly to their video down below so you can go ahead and check it out and collect that data yourself. But basically I\'ve watched that and want to share with you some of the key insights that I got from looking at the data. Hey, I\'m Ryan from on property, helping you achieve financial freedom. So obviously when you\'re investing supporting, then you understand where the market is at and the market has been declining for some time now, so you definitely want to be looking at it.\\n\\n\\n\\nOne of the first things that I notice from this market update was that yes, we saw a decline in February of the Australian property market, but the rate of decline is actually slowing and has been slowing for the last two months. Now, two months probably isn\'t long enough to look at that. We want to continue to see that trend. But as I mentioned with Ben Everingham in a previous video, when looking for the bottom of the market, you want to start to look for the rate of decline slowing. So what I mean by rate of decline? Well, if this shine property market drops by 1%, is that, did it drop by more this month or less this month than it did in prior months? So that\'s something that you want to look at. And as we can see that December I had the largest rate of decline December, 2018 and then January and February had less decline in those months.\\n\\n\\n\\nSo the market\'s still going backwards, but the rate rate of decline is starting to slow, which may indicate that we\'re going to see the bottom of the market sometime soon. I don\'t think there\'s happening right now. Uh, but it looks like if that trend continues, then we will start to flatten out and then see growth. So that could be within a month or two within six months or 12 months. We\'ll have to keep watching that to see the tire market, the entire market as a whole is down 6.8% since since have peaked in October, 2017 so that puts us back to the same prices that we saw in September, 2016 so that was about two and a half years ago. I was actually scaring through my site and I did find some footage of myself from February, 2016 talking about how the peak maybe slowing down,'