Angus Moore
speaker
184 appearances
3 recordings
1 series
first heard May 2022
last heard Jul 2022
Angus Moore’s voice in public audio — every appearance, attributed to the second.
Trend
recordings per month · last 12 monthsNo recordings in the last 12 months.Older appearances are listed below; set an alert to hear about the next one.
Appearances
Regional Northern Territory is quite a small market, so it can be really volatile month to month.
So I wouldn't read too much into that, but maybe some signs of a little bit of tightness in terms of supply there.
It's going to be really interesting to see how the dynamic plays out this year between kind of cooling off buyer demand as the cash rate increases and reduces how much people are able to borrow.
And, you know, that kind of tamps down on some of the market sentiment, coupled with the fact that, you know, we have seen a really strong start to the year on the activity side of the market.
We've seen quite a quick pace of sales.
We've seen a lot of new listings through the first quarter.
And, you know, winter is normally a little bit quieter for market activity.
So we would expect to see June, July be a little quieter.
But it'll be interesting to see once we pick back up into spring, will we keep the sort of pace we did last year when we had an incredibly busy spring?
Certainly will be and very much so on the Reserve Bank.
I do not envy them their task.
Thanks very much for having me again.
Yeah, I think it absolutely is.
When we look at the journey that first home buyers face, really, for most first home buyers, it is saving that deposit, the 20%, or less in some cases, but typically 20%.
that is the real constraint on home ownership.
And if you look at the sort of sums of money you need to save versus how much people earn and how much they could reasonably save, even on a relatively affordable house, something at the 25th percentile, the sort of starter home that first home buyers usually buy, you're looking at something like seven years worth of saving.
And I think that really highlights the difficulty that first home buyers face in getting over that deposit hurdle.
And stamp duty just makes that worse because even once you've got that deposit, you're then faced with another $20,000, $30,000, $40,000 worth of stamp duty upfront, which means you have to save that money as well.
And that can be as much as a year's worth of saving or more depending on how expensive the property you're buying is.
Yeah, absolutely.
Showing 121–140 of 184 · page 7 of 10
← Previous
Next →