Avi Kahn
speaker
76 appearances
1 recordings
1 series
first heard Feb 2022
last heard Feb 2022
Avi Kahn’s voice in public audio — every appearance, attributed to the second.
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Appearances
So the existing stock has been very, very much in hot demand with buyers, and that's why the townhouse and units market is absolutely soaring at the moment.
When sometimes it's two, three days and things are sold, whereas these things will take 60 to 90 days to sell, maybe 18 months ago.
So townhouse units have been a real winner in this whole COVID up and surge of the market.
Well, you know, we have a saying in real estate, the best time to buy real estate was yesterday.
The second best time to buy is today.
Of course, there's a lot of predictions about what's going to happen, especially with APRA and interest rates.
If they start going up, what happens to the borrowers that have three or four mortgages?
So yes, that is a concern for a lot of people.
But I think with the growth in capital rate, the growth that we're seeing in properties, people just want to have their money rather than sitting in the bank.
in property because it's appreciating, right?
So yes, it is concerning in a way, but I think the investors are very smart.
I think it's not like the growth, the borrowing we've seen pre APRA changes three, four years ago.
I think the borrowing we've seen is sustainable.
If it wasn't, I reckon the rates would have gone up last month.
The market conditions are still very good for those investors to come in.
A hundred percent.
And you know, the safest bet always, whenever we go through a crash in the market or COVID, bricks and mortar has always been the safest bet.
I think that average mom and dads are looking at it and saying, hey, what are you buying?
Why can't I do this?
Or
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