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Aussie Real Estate Podcast
Property Roadblocks - Breakthrough

It's the 29th day of July for 2022.

Aussie Real Estate Podcast
Property Roadblocks - Breakthrough

And coming up this morning, we're talking with Rich Harvey, who is back from his holidays to discuss breaking through the roadblocks when buying property.

Aussie Real Estate Podcast
Property Roadblocks - Breakthrough

And if you're celebrating your birthday today for the 29th of July, happy birthday.

Aussie Real Estate Podcast
Property Roadblocks - Breakthrough

I see in the history books it was on this day the wedding of Prince Charles and Lady Diana Spencer took place.

Aussie Real Estate Podcast
Property Roadblocks - Breakthrough

Of course the couple divorced 15 years later in 1996 and then tragically Diana died the next year on the 31st of August 1997.

Aussie Real Estate Podcast
Property Roadblocks - Breakthrough

And a report from Domain, Australia's median house price has fallen for the first time in two years and most of the decline is coming from Sydney and Melbourne.

Aussie Real Estate Podcast
Property Roadblocks - Breakthrough

In Sydney house prices fell by 2.7% and it's the strongest quarterly fall since early 2019 while in Melbourne the fall was 0.9% for the June quarter and it's the second consecutive quarterly fall for Melbourne.

Aussie Real Estate Podcast
Property Roadblocks - Breakthrough

Interestingly, Australia's median house price is now $1,065,000.

Aussie Real Estate Podcast
Property Roadblocks - Breakthrough

That is $10,000 less than what it was in March.

Aussie Real Estate Podcast
Property Roadblocks - Breakthrough

But here is the rub.

Aussie Real Estate Podcast
Property Roadblocks - Breakthrough

This is the perspective.

Aussie Real Estate Podcast
Property Roadblocks - Breakthrough

It is still $100,000 more than it was at this time last year.

Aussie Real Estate Podcast
Property Roadblocks - Breakthrough

And you know, property is all about perspective.

Aussie Real Estate Podcast
Property Roadblocks - Breakthrough

All right, let's check on your weather around Australia.

Aussie Real Estate Podcast
Property Roadblocks - Breakthrough

Sydney expecting a shower or two today.

Aussie Real Estate Podcast
Property Roadblocks - Breakthrough

Your high of 15 degrees.

Aussie Real Estate Podcast
Property Roadblocks - Breakthrough

It's a beautiful looking Friday morning for Melbourne.

Aussie Real Estate Podcast
Property Roadblocks - Breakthrough

Mostly sunny today.

Aussie Real Estate Podcast
Property Roadblocks - Breakthrough

Your high of 13.

Aussie Real Estate Podcast
Property Roadblocks - Breakthrough

Brisbane, a fine blue sky day.