NSW Southern Property
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What insights does Julie Gauci provide about the Southern NSW property market?
It's The Real Estate Podcast, brought to you by Ray White, the largest real estate and property group in Australasia.
And welcome to another episode of The Real Estate Podcast, available on iHeartRadio and also Spotify and Apple Podcasts or wherever you get your podcast from. Well, I don't know about you, but the season is certainly changing and we're not far away from heading into June. Today is the 19th of May for 2022 and a Thursday morning with another weekend fast approaching. And if you're looking this weekend for something to watch, I see that one of my favourite films back on this day in 2007 was premiered at the Cannes Film Festival and went on to win Best Film at the Oscars that year. And the film is No Country for Old Men. I can totally recommend that if you haven't already seen it. Even if you've seen it, it is worth a second watch.
And if you like a romantic comedy, a feel-good, heartwarming and fuzzy movie, then this movie isn't for you.
How has COVID-19 impacted property buying trends in Southern NSW?
It's the main centre forecast with propertybuyer.com.au.
Okay, let's have a look at weather around Australia. First, we go to Sydney expecting a mostly fine and sunny day with a high of 19 degrees. Melbourne expecting mainly dry with cloudy periods and 15 degrees is your high. Brisbane, a cloudy but rain-free day, a high of 24 degrees, and in Perth expecting one or two showers, so pack up the brolly, and 22 degrees is your high. And coming up in just a moment, we are talking to a real estate agent in New South Wales to see what the market is doing there since we last spoke to her. Also coming up this weekend, Aussie Daniel Ricciardo will make Formula One history at the Spanish Grand Prix in Barcelona. It is going to be his 216th F1 race, surpassing the record held by Mark Webber for the most Grand Prix starts by an Australian driver.
And let's hope that he goes well because Ricardo has been struggling with his second season with McLaren, among some rumours that his seat in the car could be in danger unless he turns things around. Well, I guess if he ended up leaving F1, he'd make a great real estate agent with that positivity.
What changes have occurred in rental availability since the pandemic?
And just imagine that smile welcoming you at every open home.
Enjoy your morning coffee. Wake up every morning to the Real Estate Podcast.
And I saw yesterday an interesting piece from realestate.com.au. It seems that the Australian politicians love property ownership, probably something we already knew, but they looked into the numbers and it revealed that 205 politicians in the federal parliament own a total of 421 homes between them. And that's an average of 2.05 homes each. And of those 421 homes, 254 are declared as either primary or secondary owner-occupied residents, while a further 167 are declared as investments. And also, only seven politicians declared no real estate ownership, meaning that nearly 97% of politicians are homeowners. And that's compared with the average Australian homeownership, which sits around 67%. And politicians, as it turns out, are aggressive investors as well.
How do cash rate rises affect buyer behavior in real estate?
the report revealed that 103 federal politicians declared ownership of at least one investment property, which means a little over 50% of them are active landlords.
Informing you on real estate. It's the Real Estate Podcast.
Well, one of the best barometers for how the market is travelling is to talk to different real estate agents in different states around the country. You can generally get a pretty good feedback feel and idea on what is going on. Of course, it's not scientific exactly, but it's pretty accurate, I think, because the interactions that these agents are having with their vendors really does paint a picture. So with that in mind, let's travel to the South Coast in New South Wales and talk to Julie Gorsey from Ray White. Good morning, Julie. Welcome back to the Real Estate Podcast.
What is the current state of premium properties in the area?
How have you been?
Good morning, Craig. Thanks for having me. Yeah, I've been really well, thank you.
I think the last time that we talked about that great spot that you are in, there was a bit of a problem with the locals not wanting outsiders to invade their town, buying up the coastal property.
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Chapters
7 chapters
1
What insights does Julie Gauci provide about the Southern NSW property market?
0:02–1:08
2
How has COVID-19 impacted property buying trends in Southern NSW?
1:08–2:32
3
What changes have occurred in rental availability since the pandemic?
2:32–3:46
4
How do cash rate rises affect buyer behavior in real estate?
3:46–4:41
5
What is the current state of premium properties in the area?
4:41–5:19
6
What factors are motivating sellers in the current market?
5:19–6:16
7
How do political trends influence property ownership in Australia?
6:16–10:44
Speakers
3 identifiedMore from Aussie Real Estate Podcast
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