Rich Harvey
speaker
1,863 appearances
17 recordings
1 series
first heard Jan 2022
last heard Oct 2022
Rich Harvey’s voice in public audio — every appearance, attributed to the second.
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Appearances
And even being off-market, this other agent that was selling it had also pitched it to a number of other buyer's agents.
So we ended up having quite a close negotiation to get it, but managed to close it out.
I'd negotiate it all hours of the night.
We literally worked 24-7 sometimes, Craig, and I had this fantastic prestige home, but there was another Chinese buyer that I was competing against, and we just kept going backward and forward with offers.
Ended up closing the deal at 12.30 a.m.
in the morning, and I said to the agent, I said, I need this contract signed tonight.
We went round to the vendor's house, got it signed, deal done.
Yeah, well, look, there is always anticipated.
You know, I'm one of 32 economists that do the Finder survey and also I participate in the National Australia Bank quarterly property survey.
And they're always asking the question, when will the first interest rate or when will interest rates rise and what quantum will they rise?
You know, I was predicting either a May or a June rise for the first one.
But this is the first rise quarter percent in 11 years.
So it's quite an unusual scenario.
So a lot of people, a lot of investors, even a lot of selling agents haven't experienced a market where we've got rising interest rates, you know.
But this first rise is really majorly affecting sentiment.
Now, I mean, we've got to look at it in context.
There's lots of conjecture about how far and wide this one interest rate increase will be, but obviously a reserve bank is signaling it's not a one-off.
There's going to be multiple increases.
So I think we've got another potentially three interest rate rises this calendar year.
and then maybe another three or four in the following year.
Showing 1061–1080 of 1,863 · page 54 of 94
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