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, Brad East chats with Aaron Downie, a seasoned expert from Mackenzie Buyer's Agency, sharing valuable insights on property investment and the ideal timing for purchasing property. Aaron's extensive experience in navigating the property market and his practical approach make him a relevant and credible voice on the podcast. The conversation covers the urgency of taking action in the property market, debunking the myth of trying to out-save market growth, and emphasizing the importance of seizing opportunities aligned with long-term goals. Aaron's personal anecdotes and practical advice provide a refreshing perspective, offering listeners valuable insights into the complexities of property investment and the significance of informed decision-making. The episode not only challenges common misconceptions but also lays the groundwork for future discussions on specialized property investment topics, making it a must-listen for potential property buyers looking to make strategic and confident investment decisions.
Timestamped summary of this episode:
00:00:24 - The Best Time to Buy an Investment Property
Brad and Aaron discuss the common question of when is the best time to buy an investment property. They emphasize that interest rates are just one factor and share examples of successful market timing.
00:03:16 - Taking Advantage of Market Conditions
Brad shares his personal experience of purchasing property during a time of market uncertainty and seeing significant growth in a short period. Aaron highlights the importance of understanding supply and demand dynamics in a market, rather than solely relying on interest rates.
00:06:40 - The Long-Term Perspective on Property Investment
The conversation delves into the long-term nature of property investment, emphasizing that property should be viewed as a long-term asset. They discuss the pitfalls of tracking property prices daily and the transactional costs of selling property.
00:09:28 - Influence of External Factors on Property Decisions
Brad and Aaron touch on the influence of external factors, such as parental advice and media narratives, on property decisions. They caution against taking advice from individuals who may not be where you want to be in terms of property ownership.
00:12:06 - Impact of Procrastination on Property Purchases
The discussion addresses the consequences of procrastination in property purchases, particularly when individuals have pre-approval but delay buying, only to find themselves priced out of the market. They highlight the compound loss over time due to delaying property purchase decisions.
00:13:43 - Urgency of Taking Action
Aaron emphasizes the importance of taking action in the property market without waiting. He highlights how borrowing capacities have decreased for some, stressing the need to align expectations and not try to out-save the market.
00:15:24 - Best Time to Buy
Brad and Aaron discuss the best time to buy a property, focusing on the importance of establishing short and long-term goals, regardless of whether it's for owner-occupiers or investors. They emphasize the need to buy as soon as one is able to.
00:17:16 - Rent Vesting Strategy
The conversation shifts to the rent vesting strategy, which has become popular in expensive markets like Sydney and Newcastle. They highlight the challenges of affordability and the impact of various financial factors on purchasing decisions.
00:18:22 - Overcoming Barriers to Purchase
Brad and Aaron discuss the willingness to buy property using lenders mortgage insurance and the opportunity cost of waiting to avoid such costs. They stress the importance of considering it as a cost of purchase and not delaying the buying process.
00:19:52 - Future Topics and Engagement
Brad and Aaron preview upcoming podcast topics, including an in-depth look at the Perth market, strata titled and titled properties, units versus houses, and new versus old properties. They encourage audience engagement for suggestions on future topics.
ABOUT THE HOST
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