Craig

So there is a bit of a flashback to the 1970s.

Right now, let's go to South Australia and catch up with Andrea Heading, the CEO of Real Estate Institute of South Australia.

Interesting stuff there, eh, from the 1970s.

Now Adelaide, we like to talk about this mature market.

It has transitioned from a hot growth phase, is that fair to say, into a more stable, higher priced environment?

216 suburbs now record median house prices above the $1 million mark, I know before COVID, hard to imagine we'd be talking about that, with growth broadening beyond traditional prestige pockets into established family and lifestyle corridors.

So quite a big change really there.

And what is happening around people building new?

Because in South Australia, if you look at the numbers through PropTrack, they're suggesting that more established homes are favoured because of build times just being too long.

However, if you look at the numbers, they are in terms of time for new builds going down.

And this silent spending, it can slash the borrowing power, as I mentioned, by up to 40%, making that home loan just so much more difficult to secure, which obviously you see.

Yeah, and it's really one large purchase that ruins a budget, but rather the steady dripping of this everyday spending that you're talking about.

We're talking about daily coffees and midweek takeaways that can erode pretty quickly and add up.

This is a really good one because I'm kind of guilty of this.

I think we all are.

Unused or duplicate subscriptions, such as multiple streaming platforms, you sign up for these multiple platforms and you kind of forget them.

Some of them are a free trial, these apps, and then they hit you.

They start draining your account.

Sometimes it's hard just to

Hey, it's your real estate breakfast back for the weekend.