Craig

Look forward to chatting next week.

And welcome to another episode of the Real Estate Podcast available on iHeartRadio every morning and also Spotify and Apple and wherever you get your podcasts from.

Well, it's a Tuesday, the 16th day of August, kind of halfway through the month for 2022.

And coming up this morning, we are going to be looking at commercial leases with Sam Saad, who is back.

Just how much focus are you applying to your commercial leases?

And what are some of the processes and the safeguards?

Well, we're going to get the lowdown on all of that this morning.

And tomorrow morning, we're going to be checking out a suburb in Victoria, which has now been discovered as a desirable location to buy into.

We'll also speak to the selling agent to discuss his real estate pathway.

Well, a few days ago on the Real Estate Breakfast, we were discussing the fact that a lot of people let their mortgage rates drift on their current rate with their banks, when in fact they are paying more money than they need to.

And yesterday there was an interesting piece on PropTrack talking about a record number of Victorian households who are switching home loan providers to try and combat the increasing rate rises.

And this I found astounding.

One in five of the state's mortgage holders still had no idea what their interest rate was.

Latest Australian Bureau of Statistics data shows that a record of 8,115 Victorian owner-occupiers refinanced to another provider in June.

Now that beats the previous monthly record which was set in May of 7,420 people.

Now, it comes as Finder research shows 14% of the state's homeowners have refinanced their loans in the past six months, with another 13% planning to do so in the next six months.

But don't wait six months.

Do it now.

Almost one in five are on a fixed-rate home loan.

So if you are going to be shopping around, good luck with that whole process, and I hope you are successful.