March Update: Housing Shortfall Widens While Migration Surges: Impacts on Construction Industry
Release Date: 04/17/2024
Navigating the Melbourne Property Market: Insights with Emily Wallace
Talk Property To Me Podcast
In this episode of "Talk Property," hosts Brad East and Aaron Downie welcome Emily Wallace, a seasoned buyers' agent based in Melbourne, to discuss the dynamic property market in the city. With a focus on the current trends, challenges, and opportunities, Emily shares her insights on the Melbourne real estate landscape, particularly for first-time home buyers and investors. Key Highlights: Introduction to Emily Wallace: Emily introduces herself as the director of a buyers' agency in Melbourne, where she assists first-time buyers and families in navigating the property market. She emphasizes...
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Interest Rate Predictions: Will We See a Cut This February?
Talk Property To Me Podcast
Welcome back to another insightful episode of Talk Property To Me! I'm your host, Brad East, alongside my co-host, Aaron Downie. In this episode, we dive deep into the current economic landscape in Australia, focusing on the latest trends in inflation and interest rate predictions. We kick off the discussion by examining the recent decline in Australia's inflation rate, which has dropped to 2.5% in the December quarter from 2.8% in the previous quarter. We break down the components of inflation, distinguishing between goods inflation (currently at 0.8%) and services inflation (still high at...
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7 Australian Property Market Trends You Can't Ignore In 2025
Talk Property To Me Podcast
Welcome back to another episode of Talk Property To Me! I'm your host, Brad East, alongside my co-host, Aaron Downie. In today's episode, we dive into seven significant trends reshaping the property market as we look ahead to 2025. We kick off the discussion by highlighting the rise of millennials as the largest adult cohort in Australia. This demographic shift is crucial as millennials have different preferences compared to previous generations, particularly when it comes to property. They are leaning towards smaller homes closer to urban centers, which ties into our fourth trend: shrinking...
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2024 Property Market Wrap-Up: Insights and Trends
Talk Property To Me Podcast
Welcome back to another episode of Talk Property to Me! I'm your host, Aaron Downie, and alongside me is my co-host, Brad East. In this episode, we dive into a comprehensive wrap-up of the property market for 2024, discussing the performance of major capital cities and regional centres across Australia over the past year. We kick things off by addressing the financial landscape, noting that the cash rate has remained unchanged at 4.3% since November 2023. This stability has led to a rather uneventful year in terms of interest rates, yet we highlight some remarkable growth in property values,...
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The Five Worst Property Types to Buy in Australia Right Now
Talk Property To Me Podcast
Welcome back to another episode of Talk Property To Me! I'm your host, Brad East, alongside my co-host, Aaron Downie. In today's episode, we dive into a crucial topic for anyone looking to invest in real estate: the five worst properties you can buy in Australia right now. We kick off the discussion by highlighting the pitfalls of high-density apartments, particularly in inner-city areas like Brisbane and Melbourne. With an oversupply of units, high strata fees, and low rental yields, we emphasize the importance of opting for boutique properties that cater to a broader audience. Next, we...
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What Every Buyer NEEDS to Know About Property Cycles
Talk Property To Me Podcast
Episode Synopsis: Understanding Property Cycles Welcome back to another episode of Talk Property To Me! I'm your host, Brad East, alongside my co-host, Aaron Downie. In this episode, we dive deep into the concept of property cycles, a topic that frequently comes up in our discussions with listeners and clients alike. We start by defining what a property cycle is and introduce the four main stages: boom, peak, decline, and recovery. We explain how these stages are often visualized through the property clock, a tool popularized by organizations like Herron Todd White, which provides insights...
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Can You REALLY Gain an EXTRA $1.5 Million in Retirement Wealth?
Talk Property To Me Podcast
In this episode of Talk Property To Me, I, Brad East, am joined by Cameron Smith from Waterford Financial Planners to discuss a compelling case study on how to significantly boost your retirement savings through strategic financial planning. We dive into the details of how a couple, currently aged 48, can potentially retire with an additional $1.5 million by making informed decisions about their superannuation. We start by examining the couple's current financial situation, which includes a combined super balance of just over $650,000 and a principal residence valued at $1.5 million. The...
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Newcastle NSW: The Next Big Opportunity for Property Investors in 2025
Talk Property To Me Podcast
Welcome back to another episode of Talk Property To Me! I'm your host, Brad East, and alongside my co-host Aaron Downie, we dive deep into the vibrant property market of Newcastle, exploring its historical evolution and future potential for investors. In this episode, we discuss whether Newcastle is still a viable investment opportunity as we look ahead to 2025. We start by unpacking the historical context of Newcastle, which has transitioned from an industrial hub, known as the "Steel City," to a gentrified urban area with significant growth potential. We highlight the transformation of key...
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Smart Buying: How to Avoid the 5 Most Common First Home Buyer Mistakes
Talk Property To Me Podcast
Episode Synopsis: 5 Common Mistakes First Home Buyers Make Welcome back to another episode of Talk Property To Me! I'm your host, Brad East, alongside my co-host, Aaron Downie. In today's episode, we dive into a topic that resonates with many: the five common mistakes that first home buyers often make. We kick things off by discussing the pitfalls of taking too much advice from family and friends, particularly parents. While they may have good intentions, their experiences from decades ago may not apply to today's competitive market. We share a cautionary tale about a client whose father's...
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The Psychology of Real Estate: How Agents Use Anchoring and Scarcity to Influence Buyers
Talk Property To Me Podcast
Episode Synopsis: Submitting Offers and Negotiating with Agents Welcome back to another episode of Talk Property to Me! I'm your host, Brad East, alongside my co-host, Aaron Downey. In this episode, we dive deep into one of the most crucial aspects of purchasing a property: submitting offers and negotiating with real estate agents. We kick off the discussion by emphasising the importance of making a successful offer, which can potentially save you thousands of dollars. We explore the different types of property sales, including private treaties, auctions, and expressions of interest, and how...
info_outlineIn this episode of Talk Property To Me, hosts Brad East and Casey Taylor engage in a comprehensive analysis of the RBA meeting, economic indicators, and property market trends, offering valuable insights for listeners looking to understand the current landscape and make informed decisions in the property and finance sectors. With Casey's expertise, the conversation delves into the impact of RBA decisions on interest rates and inflation, challenges in the construction industry and housing supply, migration trends and housing demand, investor lending and property market confidence, and rental market pressures. With a critical perspective on economic and market forecasts, the episode emphasizes the importance of informed decision-making and thorough research for property investments and buying property. Casey's insights make this episode essential listening for property investors and potential homebuyers, providing a nuanced understanding of the complexities of the property market and guiding listeners towards informed decision-making in their property ventures.
Timestamped summary of this episode:
00:00:00 - RBA Meeting and Interest Rates
The RBA meeting held interest rates at 4.35%, citing concerns about rising fuel prices and inflation. Speculation about potential rate cuts in the future, with economists predicting a possible reduction by the end of the year.
00:07:50 - Property Market Numbers
Building approvals are significantly below the government's target, while overseas migration is increasing demand for housing. Despite more people coming into the country, construction businesses are collapsing, making it challenging to meet housing demands.
00:11:25 - Builder Caution and Listing Levels
Caution advised when choosing a builder due to the risk of builders going bankrupt. Listing levels are below five-year averages, leading to a shortage of available properties in the market.
00:12:34 - Investor Confidence and Rental Market
Investor lending is up 18.5%, indicating increased confidence in the property market. Low vacancy rates in major cities are putting pressure on the rental market, making it difficult to find available properties.
00:13:38 - Property Market Trends and Demand
Current property market trends reflect extremely low vacancy rates and minimal days on the market for properties, indicating high demand and strong investor interest in the market.
00:14:14 - Property Market Trends
Brad and Casey discuss the current property market trends, noting increased days on the market and varying growth rates across cities.
00:14:56 - City-specific Growth
The conversation highlights the growth rates in Sydney, Melbourne, Brisbane, Adelaide, and Perth, with some cities performing strongly while others remain flat.
00:16:09 - Quarterly Performance
Quarterly growth rates are compared, with Brisbane, Adelaide, and Perth showing significant growth, while Melbourne and Sydney have varied performances.
00:17:19 - Rental Income and Gross Yields
The discussion covers the annual change in rents and the impact on gross yields, with Perth, Melbourne, and Adelaide showing substantial increases in rental income.
00:19:30 - Future Market Outlook
The conversation concludes with a positive outlook for the property market, emphasizing the importance of taking action now before rates reduce and competition increases.
ABOUT THE HOSTS
BRAD EAST
Brad East is the Managing Director of Wisebuy Home Loans. Brad is an award-winning mortgage broker and has helped thousands of clients gain finance to purchase properties. Wisebuy Home Loans is the go-to mortgage brokerage for clients wanting out-of-the-box applications approved.
Website → https://wisebuygroup.com.au
LinkedIn → https://www.linkedin.com/in/newcastlemortgagebroker/
Instagram → https://www.instagram.com/bradeast_mortgagebroker/
Facebook → https://www.facebook.com/bradeastofficial
CASEY TAYLOR
Casey Taylor is the Managing Director of Taylored Property Wealth who specializes in helping clients purchase high-performing investment properties. Casey has a huge amount of knowledge when it comes to property investment and will be sharing this with the listeners.
Website → https://tayloredpropertywealth.com.au
LinkedIn → https://www.linkedin.com/in/wealth-property-buyersagent-investment-financialfreedom/
Instagram → https://www.instagram.com/casey.taylor_tpw_buyersagent/
Facebook → https://www.facebook.com/tayloredpropertywealth