October 18, 2025 ā¢ 10 mins
00:00 ā Important! Know the limitations of the 5% deposit, and check your monthly repayments first!Ā
02:16 ā Why the government is making the housing crisis WORSEĀ
03:18 ā A buyer tried to punch me because he didnāt win the auction
04:40 ā Global marketĀ
My Clearance Rate - 9/11 SOLD
Mark as Played
Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
SPEAKER_00 (00:00):
If you are a buyer that is rocking up to buy a
property now with the 5%, I wantto let you know you gotta check
that out with the solicitorbefore the auction.
It happened today.
A buyer rocks up, buys theproperty, and says, I'm gonna
(00:21):
use a 5% deposit.
Yeah, you can use a 5% deposit,but when you go to an auction,
it's a 10% deposit.
Just because ALBO has said youcan buy property with 5%, you
still need to get the approvalfrom the other party during the
(00:41):
week if it's a Saturday auction,right?
Man, just like get yoursolicitor to speak to the vendor
solicitor and say, we're comingto bid on a property, we're only
going to be using 5%.
Most of the times they agree.
They get a letter and they say,we agree that you can use 5% if
(01:03):
you're successful.
There's no question about it.
The 5% scheme that kicked off onthe 1st of October is having an
impact.
No question about it.
But like I said on a socialmedia post I put up, I don't
believe that if you're scrimpingto get 5%, I don't think you
(01:27):
should be buying a property.
I think buying a property at 5%deposit and then running around
to pick up stamp duty and allthe other little, you know,
costs involved, solicitors andall those other expenses, cost
of purchasing real estate, itadds up.
(01:48):
In the old days, we'd save up20%, you'd buy a property, and
you'd still have a life.
I'm letting you know that I'mnot trying to turn people off
that have got a 5% deposit.
But what I am saying to you isbe very mindful on how you're
(02:10):
going to be able to afford theloan repayments.
Luke Moroni says, go governmentinflating prices.
And in fact, I'll go as far assaying, I'll go as far as saying
that Anthony Albanese is makingthe property problem and the
(02:31):
housing issues Australia has,not better, worse.
I believe that we are at aperiod of time, right now, we
will look back at the end of2025, 2026, where we worked out
who owned real estate and whoactually will never buy real
(02:53):
estate.
That's what I'm saying.
And the reason I say it is thinkabout this simple thing.
If you were to borrow even$1.4million to buy real estate, and
that's what you've got to borrowin a lot of places now, right?
Your loan repayment is over$8,000 a month.
Not one month, not two months,every month.
(03:16):
So be mindful of it.
Now, ladies and gentlemen, todayI nearly had a buyer punch me
out.
A buyer walked away from anauction angry, screaming at me
for one simple reason.
They didn't buy the property.
(03:37):
They didn't buy the propertybecause they got outbid, and
then as I walked to my car, hestarted.
He said, You guys are pushingthe prices up.
Now listen to him, and I toldhim, and I want to tell all of
you that actually associate realestate agents as the driver of
(04:04):
housing problem issues inAustralia.
I said to him, blaming me forthe price that that property
sold for, which obviously upsethim because he didn't get it,
would be like blaming TimBailey, the weatherman, for the
rain.
(04:24):
It would be like blaming theUber driver for the traffic.
Get real.
Real estate agents slashauctioneers don't drive the
markets up.
They work in the markets.
Next thing I want to let youknow.
I've just spent three weekstouring Europe doing real estate
(04:49):
conferences.
Right?
And I've got to say to you, Ileft, by the way, I'm pretty
knackered because I actuallylanded at 7 a.m.
yesterday and I had 10 meetingsyesterday, right?
As soon as I got off the flight,then I had a full day of options
(05:09):
today.
It just doesn't stop.
And I've got to say a lot ofpeople have been asking me
because they saw me on video theother day flying in.
Oh man, don't you get tired?
Of course I get tired, but I'vegot to tell you, I travel with a
blender and I make sure that I'meating well, and I travel.
I'm away 200 to 250 nights ayear, and I have been for 25
(05:31):
years.
How do you keep high levels ofenergy with so much travel and
having to sleep outside of yourbed three or four nights a week?
Very simple.
You go to bed early, so yousleep well, you make sure that
you're eating well and you'renot eating what they give you on
planes, carry with a USBblender, throw in some fresh
(05:52):
fruits, always eating well, andmost importantly, you got your
Brooks running shoes there, andyou run every day when you are
out of the country, and you runevery day when you're traveling.
And I work out every day,nothing changes.
So, team, I'm also gonna tellyou that I'm so glad, I'm so
(06:16):
glad that it appears that Gazawar is come to an end.
Because I've got to say to you,three weeks away, and I've been
in Europe two months ago, again,I get to see a lot of places.
(06:38):
I've got to tell you, ladies andgentlemen, Australia's the
greatest country in the world.
And I don't say that with biasbecause I live here.
I say it because I witness whatother places are like.
I want to let you know, thereason why I'm so happy that
(06:58):
that war has come to an end iswe can start enjoying our own
country, right?
And listen, protesting issomething that is considered a
democratic thing.
People have opinions, but I'vegot to tell you, to all the
people that have been spendinglots and lots of weeks
protesting for a couple of yearsnow, the good news is you can go
(07:23):
off and start enjoying BondiBeach, you can start enjoying
the shops, you can start havinga good way to spend your
weekends in this beautifulcountry, and it's a great
country for the followingreasons.
Number one, whether you like itor not, in the world rankings,
we have got three cities thatare considered top three livable
(07:44):
cities in the world.
This is a survey that's not doneby Australians, it's done by a
referee that is on neutralground.
Three cities in the top ten.
Team, do you understand?
Number two, I've had cancer fourtimes.
(08:08):
I've had a lot of chemo and alot of radiation.
I've paid zero.
Do you understand that?
It's a good country.
It's a good country becausewe've got a very, very high
baseline of social servicesversus other countries.
The other thing is we've gotgreat public services.
(08:30):
Our education, mate, they comefrom all over the world to study
at our universities.
Team, political stability.
Listen, we might mop and have alaugh at our politicians, but
they're nowhere near anywherecorrupt that you see around the
world.
We've got stability ingovernment, we've got stability
(08:51):
in public service.
Team, we've got access to thebest stuff in the world.
I've got to say to you, weshould be grateful.
And if you're a person that allthey want to do is whinge about
this country, I've got good newsfor you.
You don't have to go.
(09:12):
You're not a tree.
You can pick up and leave.
Team, this, my friends, is thegreatest country in the world.
Let's embrace it, let's love it,let's enjoy it.
In addition to that, before Ileave here today, ladies and
gentlemen, I just want to say toyou one final thing, and that is
(09:36):
even though we've got interestrates going down, even though
we've got government grants,even though we've got massive
migration, it all looks good onreal estate, but I've got to
tell you, the signboard companyVFX had its record weak last
week.
(09:57):
Why is that important?
Real estate signboard companieslike VFX are very good
indicators of what's happeningwith stock levels.
And I've got to say to you, heyCarolyn, I've got to say to you.
(10:29):
So on the one hand, I'm lettingyou know we've got great demand
and there's an appetite for alot of real estate around the
country.
But on the other hand, I'mletting you know the supply's
coming in as well.
And I think that is what willprobably stop the market going
(10:50):
absolutely crazy.
Anyway, team, so good to be backhome.
If you are a buyer that is rocking up to buy a
property now with the 5%, I wantto let you know you gotta check
that out with the solicitorbefore the auction.
It happened today.
A buyer rocks up, buys theproperty, and says, I'm gonna
(00:21):
use a 5% deposit.
Yeah, you can use a 5% deposit,but when you go to an auction,
it's a 10% deposit.
Just because ALBO has said youcan buy property with 5%, you
still need to get the approvalfrom the other party during the
(00:41):
week if it's a Saturday auction,right?
Man, just like get yoursolicitor to speak to the vendor
solicitor and say, we're comingto bid on a property, we're only
going to be using 5%.
Most of the times they agree.
They get a letter and they say,we agree that you can use 5% if
(01:03):
you're successful.
There's no question about it.
The 5% scheme that kicked off onthe 1st of October is having an
impact.
No question about it.
But like I said on a socialmedia post I put up, I don't
believe that if you're scrimpingto get 5%, I don't think you
(01:27):
should be buying a property.
I think buying a property at 5%deposit and then running around
to pick up stamp duty and allthe other little, you know,
costs involved, solicitors andall those other expenses, cost
of purchasing real estate, itadds up.
(01:48):
In the old days, we'd save up20%, you'd buy a property, and
you'd still have a life.
I'm letting you know that I'mnot trying to turn people off
that have got a 5% deposit.
But what I am saying to you isbe very mindful on how you're
(02:10):
going to be able to afford theloan repayments.
Luke Moroni says, go governmentinflating prices.
And in fact, I'll go as far assaying, I'll go as far as saying
that Anthony Albanese is makingthe property problem and the
(02:31):
housing issues Australia has,not better, worse.
I believe that we are at aperiod of time, right now, we
will look back at the end of2025, 2026, where we worked out
who owned real estate and whoactually will never buy real
(02:53):
estate.
That's what I'm saying.
And the reason I say it is thinkabout this simple thing.
If you were to borrow even$1.4million to buy real estate, and
that's what you've got to borrowin a lot of places now, right?
Your loan repayment is over$8,000 a month.
Not one month, not two months,every month.
(03:16):
So be mindful of it.
Now, ladies and gentlemen, todayI nearly had a buyer punch me
out.
A buyer walked away from anauction angry, screaming at me
for one simple reason.
They didn't buy the property.
(03:37):
They didn't buy the propertybecause they got outbid, and
then as I walked to my car, hestarted.
He said, You guys are pushingthe prices up.
Now listen to him, and I toldhim, and I want to tell all of
you that actually associate realestate agents as the driver of
(04:04):
housing problem issues inAustralia.
I said to him, blaming me forthe price that that property
sold for, which obviously upsethim because he didn't get it,
would be like blaming TimBailey, the weatherman, for the
rain.
(04:24):
It would be like blaming theUber driver for the traffic.
Get real.
Real estate agents slashauctioneers don't drive the
markets up.
They work in the markets.
Next thing I want to let youknow.
I've just spent three weekstouring Europe doing real estate
(04:49):
conferences.
Right?
And I've got to say to you, Ileft, by the way, I'm pretty
knackered because I actuallylanded at 7 a.m.
yesterday and I had 10 meetingsyesterday, right?
As soon as I got off the flight,then I had a full day of options
(05:09):
today.
It just doesn't stop.
And I've got to say a lot ofpeople have been asking me
because they saw me on video theother day flying in.
Oh man, don't you get tired?
Of course I get tired, but I'vegot to tell you, I travel with a
blender and I make sure that I'meating well, and I travel.
I'm away 200 to 250 nights ayear, and I have been for 25
(05:31):
years.
How do you keep high levels ofenergy with so much travel and
having to sleep outside of yourbed three or four nights a week?
Very simple.
You go to bed early, so yousleep well, you make sure that
you're eating well and you'renot eating what they give you on
planes, carry with a USBblender, throw in some fresh
(05:52):
fruits, always eating well, andmost importantly, you got your
Brooks running shoes there, andyou run every day when you are
out of the country, and you runevery day when you're traveling.
And I work out every day,nothing changes.
So, team, I'm also gonna tellyou that I'm so glad, I'm so
(06:16):
glad that it appears that Gazawar is come to an end.
Because I've got to say to you,three weeks away, and I've been
in Europe two months ago, again,I get to see a lot of places.
(06:38):
I've got to tell you, ladies andgentlemen, Australia's the
greatest country in the world.
And I don't say that with biasbecause I live here.
I say it because I witness whatother places are like.
I want to let you know, thereason why I'm so happy that
(06:58):
that war has come to an end iswe can start enjoying our own
country, right?
And listen, protesting issomething that is considered a
democratic thing.
People have opinions, but I'vegot to tell you, to all the
people that have been spendinglots and lots of weeks
protesting for a couple of yearsnow, the good news is you can go
(07:23):
off and start enjoying BondiBeach, you can start enjoying
the shops, you can start havinga good way to spend your
weekends in this beautifulcountry, and it's a great
country for the followingreasons.
Number one, whether you like itor not, in the world rankings,
we have got three cities thatare considered top three livable
(07:44):
cities in the world.
This is a survey that's not doneby Australians, it's done by a
referee that is on neutralground.
Three cities in the top ten.
Team, do you understand?
Number two, I've had cancer fourtimes.
(08:08):
I've had a lot of chemo and alot of radiation.
I've paid zero.
Do you understand that?
It's a good country.
It's a good country becausewe've got a very, very high
baseline of social servicesversus other countries.
The other thing is we've gotgreat public services.
(08:30):
Our education, mate, they comefrom all over the world to study
at our universities.
Team, political stability.
Listen, we might mop and have alaugh at our politicians, but
they're nowhere near anywherecorrupt that you see around the
world.
We've got stability ingovernment, we've got stability
(08:51):
in public service.
Team, we've got access to thebest stuff in the world.
I've got to say to you, weshould be grateful.
And if you're a person that allthey want to do is whinge about
this country, I've got good newsfor you.
You don't have to go.
(09:12):
You're not a tree.
You can pick up and leave.
Team, this, my friends, is thegreatest country in the world.
Let's embrace it, let's love it,let's enjoy it.
In addition to that, before Ileave here today, ladies and
gentlemen, I just want to say toyou one final thing, and that is
(09:36):
even though we've got interestrates going down, even though
we've got government grants,even though we've got massive
migration, it all looks good onreal estate, but I've got to
tell you, the signboard companyVFX had its record weak last
week.
(09:57):
Why is that important?
Real estate signboard companieslike VFX are very good
indicators of what's happeningwith stock levels.
And I've got to say to you, heyCarolyn, I've got to say to you.
(10:29):
So on the one hand, I'm lettingyou know we've got great demand
and there's an appetite for alot of real estate around the
country.
But on the other hand, I'mletting you know the supply's
coming in as well.
And I think that is what willprobably stop the market going
(10:50):
absolutely crazy.
Anyway, team, so good to be backhome.
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