Welcome to this week's 2-Sense on The Australian Property Podcast, where the team takes a look into the top 3 property news stories and breaks down what this means for you and your property. Buyer's Agent Pete Wargent and Mortgage Broker Chris Bates are discussing the regional market, underuse of dwellings & lending buffers in this week's episode. This week's stories: Story 1 – Regional Markets Under Pressure Migration patterns are now normalising post COVID Capital city prices up 1% in August, closing in on previous highs, but some regional markets are under pressure and are now seeing price declines CoreLogic’s latest regional market analysis shows interest rates are impacting regional Australia more than in the big cities On the plus side inflation figures did ease – and building costs and building approvals are slowing Pre-retirees selling homes to fund retirement Story 2 – 1.3% of dwellings unused Only 1.3% of dwellings appear to be unused according to electricity use It’s a lot different from the 10% talked about on Census night when people are often travelling or overseas What does this mean for holiday homes and Airbnb? Some Airbnb properties are doing 10% yields How is this impacting rental markets? Thoughts on regulations and whether they are a good investment? Story 3 – Lending buffers – non-banks pushing the envelope Pepper is now using a 1% buffer for some investors Is 3% too tight? Shayne Elliott of ANZ says the settings are wrong Peter Tulip also says it’s paternalistic and unnecessary What happens next and when? What do we think will happen with interest rates and borrowing capacity in the future? What we think could occur for first home buyers who want to enter the market Australian Property Podcast resources: Australian Property Podcast online - videos, notes & resources Property Event with Pete & Chris Ask a question Chris' mortgage broking Amy's new property course Amy's 100-point checklist (PDF) Pete Wargent's property coaching Join Owen's Rask Core membership for $0.99 INFORMATION WARNING! This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser. Full individual disclosures for each guest are available via the show notes page. Owen and The Rask Group Pty Ltd do NOT receive anything for mentioning Super funds, products, shares, bank accounts, etc. Access The Rask Group's Financial Services Guide (FSG): https://www.rask.com.au/fsg Learn more about your ad choices. Visit megaphone.fm/adchoices

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“What did the council decide on item 42?” — answered with the speaker and the moment.

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