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.
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Appearances
I say, Emily actually stole my thunder.
So thanks that Emily, she mentioned it was a big, be careful with the regions and yeah,
I do think this is a bit of a danger zone for a lot of people.
There's obviously a lot of hype around the regions and we've had lots of clients move to, there's two types of regions, the sister or brother of the capital city, you know, the ones that are commutable within an hour or two.
And people can do it on a weekly basis.
And then you've got the real pure regions that people aren't able to commute to the city.
Both are a bit of a danger.
Both of them have gone up a lot.
And they're driven by two things.
One, people moving there from capital cities, but B, low interest rates.
So the internal demand has been pushed up because people are taking on more debt because rates are all time low, but also demands being pushed up by people moving there.
Now, I do think that people are going to keep moving now.
I do think like Emily, people are going to start moving back.
But a lot of the affordability segment of the regions is driven by interest rates.
And a lot of investors and people are playing in this space and prices have been pushed up a lot really fast.
And it wouldn't take much for higher interest rates to really take back a bit of that growth.
So if you are playing in the regional areas, you want to be playing in the aspirational part, which is where there's real scarcity, which is where the locals really would love to live and where the people doing well financially would love to live in those regions.
And they're very small pockets of these regional towns.
They're like a few streets or right near the water.
And that's the place people are going to continue to move from the capital city for, because they're like, I left Sydney, but look what I got, you know, look what I got for my money.
Showing 481–500 of 1,659 · page 25 of 83
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