Chapter 1: What is the focus of the Australian Property Recap episode?
it's the real estate podcast brought to you by anz home loans for financial well-beings and welcome to another episode of the real estate podcast available on iheart radio every morning and also on spotify and apple and wherever you get your podcast from Sunday morning, it is back with us, the ninth day of October for 2022.
Have you had a busy weekend so far looking at real estate around the country? Well, we are halfway through the weekend. If you have any auctions to attend later today, your dream property might be just around the corner. That could be falling true for you later on this afternoon.
Whatever it is that you're doing in the property market, enjoy it, relish any moment of success and be thankful too that you've got a roof over your head because not all Australians do. Now, coming up tomorrow, the question of is there an oversupply of apartments in some areas around Australia?
Chapter 2: Is there an oversupply of apartments in Australia?
And if so, how bad is the selling loss ratio in some of those areas? We'll take a look at that. And also, are people choosing boutique unit blocks? where the specs might be higher and some of the problems with associated cracking and the likes from other larger scale developments have less problems associated with them. Well, we're going to have a look at that all tomorrow.
We talk with leading property commentators. with analysis, predictions, forecasts and what's trending every morning from 6.30. Hey, coming up in just a moment, it is the Sunday Rewind. Some of the interviews, some of the predictions and analysis that we have done over the last seven days.
If you're celebrating your birthday today for the 9th of October, David Cameron, the former Prime Minister of the UK, he is celebrating today. Somebody who would have been celebrating is John Lennon today. And also in the history books, Elvis and Priscilla Presley. They divorced on this day after six years of marriage. It's your weekend real estate breakfast.
It's the main centre forecast with PRD, selling smarter every day. And checking on your weather around Australia on this Sunday morning and expecting some rain today in Sydney. A high today for you of 18 degrees. In Melbourne, should be mainly dry, partly cloudy with 15. Brisbane, expecting showers to ease, a high of 25.
And in Perth today, also partly cloudy, mainly dry, and your high today of 23 degrees. It's your real estate weekend podcast in review. How is the luxury market in your world going for you on this third day of October as we look towards Christmas now? It's crazy, Craig.
October is the best month for all the luxury real estate agents like myself, especially we are selling to Asians and the Chinese. And we call that National Day, our Golden Week. And we have so many inquiries you cannot believe. So the market is going stronger and stronger. And tomorrow we're expecting another RBA rate rise.
I won't bother asking you what you think in terms of whether it's going to be a 25 basis points or a 50 basis points because I don't think it really matters with that luxury high end in terms of what the rate rises are doing. Yeah, you know, for a lot of buyers, you know, a lot of buyers are pretty much cashed up. So higher interest will definitely affect a little bit.
But, you know, one thing they're looking at is that the vendor's expectation probably is a little bit lower than before. Before they asked like crazy prices. Now maybe come down a little bit.
to a level they think is they want to sell because they know you know somehow interest rate will affect but for the high net worth individuals i think it's um it's time to buy they think i can get a better price and we cashed up and why not invest back in a luxury real estate so it will affect but not a lot The Rose Bay Waterfront Trophy Villa, Florida, was sold for $45 million.
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Chapter 3: What factors are influencing the luxury property market?
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