EP 150| Emil Juresic: "The Market Has Already Dropped 10 To 30%" And More Pain Is Coming

Emil Juresic sold every property he owned at the peak of the market, five months before this was recorded. He now says values have already fallen 10 to 30 percent, and he has pulled the heavy brake on his own development pipeline.Emil Juresic is a Gold Coast developer and the founder of NGU Group.What you will learn:- Why he sold the lot at the peak, and what he was seeing that made him move- Where he thinks the falls have already happened, and what he expects next- Why he would not buy anything brand new as a first home buyer, and would buy something he could add value to instead- What happens to established stock when investors all shift to new- What scaling actually costs: every dollar reinvested, and whether you can carry the pressure- Why he moves capital between industries rather than staying loyal to oneChapters00:00 He sold every property he owned at the peak06:26 In two minds about letting the last one go11:50 Why he would not buy anything brand new as a first home buyer17:32 Investors shifting to new stock, and what it does to established23:34 Building a community, and the 500 gyms he has watched29:36 The heavy brake on property development, right now35:24 Being present while building something new40:25 Living backwards from 9547:17 One week from opening the first one, already thinking global53:18 Using AI before you become the dinosaur59:01 It took thirty years, and the people who want it in threeManufacturing equity rather than paying for it is the fourth of our four points. The full framework, with the deals behind it:https://go.bothsides.au/scoreFollow Emil Juresic:Instagram - https://www.instagram.com/emiljuresic/Related episodes:Graya, two brothers dominating Australian property - https://youtu.be/_bZ26j0fBJ0Why Australia Is Making It Harder To Get Rich, Jack Henderson - https://youtu.be/_xzjGMF0HM4The Australian Dream Is Dead, Graeme Holm - https://youtu.be/KhAo3_roxkIBothsides:◼ The weekly email - https://bothsides.au◼ Dan - https://www.instagram.com/daniel_beardall/◼ Watch on YouTube - https://www.youtube.com/@bothsidespodcastGeneral information only. Not financial, tax, legal or credit advice.