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What are the current trends in the Australian real estate market?
It's The Real Estate Podcast across every state, city and town of Australia. And welcome to another episode of The Real Estate Podcast, available on iHeartRadio and also Spotify and Apple Podcasts or wherever you get your podcasts from. Well, I trust your weekend is going well on this Sunday morning, the 10th of July for 2022. Because it is the weekend, the RBA can't sneak in a rate rise hike because it really has got to that, hasn't it? Meaning that you wake up on a weekday and wonder whether today is the day that you will have to find more money for your mortgage repayments as a result of a 25 or 50 basis points rise. At least in the weekend, there are two days that you can somewhat relax a little, and probably also immediately after a rate rise like last week, knowing that another rate rise is probably coming in another four to five weeks.
How are rising interest rates affecting mortgage holders?
You know, mental health, we've talked about this before on the podcast. It's a real factor in the equation of people now living in a rising cash rate environment. It's all about consolidating your position and fighting on, bloody fighting on in some cases, and surviving this barrage of financial instability and uncertainty. And I'm sure... that already this weekend there's been many, many roundtable discussions with families up and down the country talking about how they're going to navigate through this moment. And it's not an easy time. And if you know of somebody who has mortgaged themselves heavy to get into their first property experience,
What is the importance of mental health during financial instability?
especially just being a good friend to talk to and letting them vent off to you will be unbelievably beneficial for them because you need your mates in times like these. And whether you realize it or not, your mates will be hoping for some understanding and support from you. So don't be backwards in coming forward. See how your mate is getting on this weekend. Grab your coffee and switch on your real estate breakfast every weekday morning from 6.30.
What new apartment developments are emerging in Batemans Bay?
It's the main centre forecast with propertybuyer.com.au. And let's take a look at your weather around Australia. First, we go to Sydney and the showers.
How has the median house price changed in the last year?
They're back with a high of 17 degrees this morning. Melbourne, a cloudy Sunday but should be a mainly dry day. That's the good news, 15 degrees. Brisbane expecting fine with blue skies and 20 degrees as your forecast top and in Perth today expect the showers to ease and your high of 18 degrees. From first home buyers to property investors and everything in between, every morning on The Real Estate Podcast. It's your real estate weekend podcast in review. What about people that are thinking about possible apartment living? There are several new apartment developments going on right now.
What is the impact of stress testing on new borrowers?
There are. There's been a really big demand for apartment living, particularly within the centre of Batemans Bay CBD. There's quite a few, one that's just about open for occupation. And then there's a few that are being sold off the plan at the moment. And then there are others that are under construction. So there's been a very high demand for that convenient apartment living in the centre of Batemans Bay CBD. And Sarah, the median house price growth, what has been happening? What's been going on over the last 12 months? Oh, it's been so exciting seeing the growth in this area. There's been a really big range. In and around the Batemans Bay CBD area, there have been some increases up 35%. But when you're looking more so out at the real beachside suburbs in and around our area, Malua Bay, Browley, a lot of those areas have seen increases of 50% over the past 12 months.
We've had a few properties that actually have sold within a 12-month period that have doubled what they paid for the property earlier. Enjoy your morning coffee.
How does Perth's property market compare to the rest of Australia?
It's your real estate weekend podcast in review. Is there too much do you think being made right now of the raising rates environment? This balance seems to be missing in a lot of the commentary out there. I think people have seemed to have forgotten that the reason why rates were at emergency lows was because it was an emergency and we had that cash rate of just 0.1%.
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Chapters
8 chapters
1
What are the current trends in the Australian real estate market?
0:02–1:04
2
How are rising interest rates affecting mortgage holders?
1:04–1:51
3
What is the importance of mental health during financial instability?
1:51–2:24
4
What new apartment developments are emerging in Batemans Bay?
2:24–2:35
5
How has the median house price changed in the last year?
2:35–3:18
6
What is the impact of stress testing on new borrowers?
3:18–4:18
7
How does Perth's property market compare to the rest of Australia?
4:18–7:50
8
What factors are influencing the return of expats to Australia?
7:50–13:07
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Australia Housing Market Stability: Low Mortgage Arrears and Minimal Negative Equity Explained
Australia Property Prices Rising: Construction Costs, Materials and Fuel Driving the Market