Craig (Host)
speaker
2,633 appearances
53 recordings
1 series
first heard Oct 2021
last heard 16 Jan
Craig (Host)’s voice in public audio — every appearance, attributed to the second.
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And checking on your weather around Australia.
First, we go to Sydney.
Good morning to you.
Expect a little bit of cloud cover, but it should be mainly dry today.
21 is your forecast high.
Showers developing, unfortunately, for you in Melbourne.
21 is your forecast top.
It's going to be a mainly dry day in Brisbane.
A little bit of cloud, 24.
And in Perth today, mainly dry and fine with 21 degrees.
Well, we talked last week about the changing fate of the first home buyer because of the shifting tide around just how much they can borrow because of the rising interest rates.
Plus, buyers are much less likely to want to loan the full maximum right now because of the current market situation.
And of course, last week, the RBA raised the cash rate by 25 basis points, raising once again the amount of repayments for lenders.
And remember, last year's money was cheaper to borrow, and that just isn't the case now.
People are taking a much more cautious approach.
So let's welcome into the Real Estate Breakfast this morning Vaughan Clark from Clark Finance in Melbourne there.
And a very good morning to you, Vaughan.
Welcome to the Real Estate Breakfast.
So is that a fair representation of what you're seeing and dealing with there in Melbourne, buyers not pushing themselves to that full maximum, I guess, out of fear?
Yeah, and we've now had these six rate rises.
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