Chris Bates
speaker
1,659 appearances
5 recordings
1 series
first heard Jun 2021
last heard Dec 2022
Chris Bates’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
And so there's a bit of a media spins gone from boom to bust.
And you just got to be really careful that,
the type of property that you're buying and understanding that it's micro markets.
And even though the Australian property market probably does have a lot of headwinds coming up with higher interest rates, that doesn't mean that the type of property that you want and the right type of property for you longer term is going to fall in value.
And what downturns have shown us in the past, like 2018, the 2003, et cetera, is it's actually harder to buy quality assets
and good property when markets go down because good property to people don't sell and they really, liquidity drives up.
So don't fall for this big media storm that all properties are gonna fall by 15, 20% next year because it actually probably won't happen.
You'll find good properties hold their value and poor properties,
things that are compromised will lose a lot more value.
And that's if that even happens at all.
You could find there's more stimulus and things don't even happen like that.
So be careful with the media storm talking about the big market and focus on your micro market and the type of property you want and understanding the quality of that.
That's actually a really good tip there, Emily.
I would say, you know, because we obviously encourage that as well.
If you're renting and you're thinking about moving to a new suburb and sometimes buyers think they're going to perfectly time their lease finishing with their home purchase and their settlement date and it's all just going to miraculously happen.
The reality is what I would probably suggest is break your lease, move to that area ASAP,
And when you're looking at this property, just be living in that area and rent something out and go through the move because I'd rather move to a rental and then move back to the city to another rental, then move there and buy a property than have to sell a property.
And so if you're already in that position where you're looking in areas where you're not live and you can break your lease, break your lease, take the cost on, get in there and start renting because you don't want to move to the area and then have to sell.
Stamp duty selling costs, it might not work very well, et cetera.
Look, I think you definitely need to think long-term.
Showing 441–460 of 1,659 · page 23 of 83
← Previous
Next →