Competing Buyers, Perth’s Million-Dollar Suburbs, and Buying on the Gold Coast Without Family Help
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What are Perth's million-dollar suburbs and their trends?
It's the Real Estate Podcast, brought to you by ANZ Home Loans for financial well-beings.
Hey, it's the Real Estate Breakfast this morning, talking all about your property from Cairns to Hobart, Darwin to Sydney, Perth to Melbourne, right across Australia and streaming on your favourite platforms like Spotify or Apple Podcasts. It is a Friday. Woohoo, we got there. Jan the 16th today. And good morning, Denny in Perth. Got your email. Happy New Year back to you. You said that your property portfolio expanded by two properties last year and that you've got four in total. Hey, that's not bad. You've doubled last year your property portfolio, but you do have this caveat. You say that you don't do anything fast and you don't want to overcommit in this marketplace. Very wise words, Denny, when it comes to portfolio buying.
Of course, real estate agents, especially buyers agents, won't like me saying that, Denny. But we are not a real estate company. I'm not a real estate agent. So we're very neutral when it comes to that. And Denny, I think you're right on the money. So keep listening. Great to have you as part of our loyal listeners. And Maurice, good morning to you in Sydney. Also a listener since 2022. You and your partner. Hey, this is pretty exciting. You're going to be having your first baby. So congratulations on that. That is such a bold move when saving for your first property, which is what you're doing, especially when it comes to the Sydney property market.
How are buyers competing in the current property market?
However, you say that you are going to move more regionally. And you like the look of orange. So maybe that is the location that you are settling on. Keep listening. Great to have you on board. And good morning to anybody in orange this morning listening to the podcast. We love getting your emails. Don't forget about the voice message. You can leave your voice message. It might be a question. It might be just to say, hey, this is on my mind. We're listening and we are XYZ around the country or perhaps overseas. Our email address too is myrealestatepodcast at gmail.com. The summer series of Real Estate Without Time Tunnel, that is coming. Even I have forgotten about some of these conversations from last year.
It's a good catch up and that is next.
You're listening to the Summer Series on The Real Estate Podcast. Yes, I was. Yes, some friends bought in, finally bought, found their dream home in East Fremantle and probably helped push the median house price up a little bit in that area because I know they were looking for quite a while and probably like a lot of people got a little bit tired of attending home opens week to week. Yeah, finally found their home. So yes, very excited to celebrate with them.
You know, what I find with house warmings these days didn't really used to be such a factor a while back, but now the new homeowners that are throwing the house warming, they get quite sloshed, you know, quite drunk because it's like so much relief to have actually got there. It's, oh yeah, let's enjoy this and have a big night.
I think so. I think it becomes a bit of a part-time job. You know, you're constantly on the portals and looking, you know, trying to be the first one to view the home and then obviously compete with lots of buyers on making an offer. That's even before you, you know, secure the property. And then you've obviously got the journey to finance and settlement. So it is a big experience in people's lives. So well worth celebrating at the end of it, I think.
Now, you've got 34% of Perth suburbs, as I mentioned, in the Million Dollar Club, which just goes to show how rapidly things are shifting. That combination of strong population growth and, as I mentioned, the shortage of new home builds, it really does seem to be the key driver behind all of it.
Yeah, immigration is playing such a strong part and just that those completions aren't keeping pace with the number of homes that we need to provide for people.
And what's encouraging is that even in these high median suburbs, you're still seeing affordable options if buyers are patient, and that is the key to it.
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Chapters
7 chapters
1
What are Perth's million-dollar suburbs and their trends?
0:02–1:52
2
How are buyers competing in the current property market?
1:52–6:05
3
What factors are driving the rise in property prices in Perth?
6:05–9:42
4
What strategies can buyers use to find affordable options?
9:42–12:45
5
How is the Gold Coast property market performing?
12:45–14:55
6
What challenges do first-time buyers face in the Gold Coast?
14:55–17:58
7
What should buyers consider when looking to invest in Melbourne?
17:58–18:59
Speakers
3 identifiedMore from Aussie Real Estate Podcast
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