Property And Election Day
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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, it's finally arrived. Election Day is here for May 21 for 2022. And today you get to cast that all-important vote. But of course, are we going to see a result later today? Maybe not, as things are extremely tight. Labour leader Anthony Albanese has ended the six-week campaign in a dead heat with Scott Morrison on the question of who is the nation's most preferred Prime Minister. Newspoll has predicted a two-party preferred result of 53 to 47 with Labour likely to secure a majority if that is replicated at the ballot box today. And so the race for Australia's preferred Prime Minister is in a dead heat.
That's according to Newspoll with 42% declaring for Scott Morrison and 42% preferring Anthony Albanese. So it is possible that... that we might not get a result tonight. I wonder, I just wonder what we are going to be saying this time tomorrow morning.
It's the main centre forecast with propertybuyer.com.au.
And let's have a look at weather on your election day Saturday. First we go to Sydney where it's going to be wet underfoot expecting some showers and a high of 20 degrees. And by comparison Melbourne is expecting a fine one although it's going to be a little bit cool with just 15 degrees. Brisbane expecting some rain with 19 and in Perth today it's probably the place to be. It's a sunny day for your election day and a high of 25 degrees.
Informing you on real estate.
What key events are happening on Election Day 2022?
Wake up every morning to the Real Estate Podcast.
And coming up in just a moment, we're going to be having a look at the Hunter Valley, which is known for its wine, but we're also going to be looking at some first-home buying opportunities in the Hunter Valley and taking a look at Victoria this morning in Geelong, the auction market there. What's been happening over recent weeks? It seems that more buyers in the market there are prepared to walk away from auctions empty-handed, showing the balance of power in Geelong's property market is shifting after a year of huge growth. The region has recorded a 66% clearance rate for properties taken to auction so far in 2022, which is a sign that the heat and sense of urgency that gripped buyers in 2021 has started to disappear.
Last year, 75% of Geelong auctions resulted in a sale, and PropTrack reports show that the region's median house prices climbed more than 17% to $780,000 in the 12 months to May. So I think it's just probably reflective, of what is happening around the country.
Across every state, city and town of Australia, it's your weekend real estate podcast.
Well, the Hunter Valley is known for its wine and maybe a little less known for the younger demographic moving into the area, but it is being discovered by first-home buyers and also people upgrading, I guess, for a better, cleaner, open-life discovery. And the best part about this, of course, if you're in Sydney, it is just two hours away. So we're going to talk to Michelle Wills, who is... very much a local person who moved into the area. Good morning, Michelle. Great to have you on the Real Estate Podcast.
Good morning, Craig. How are you?
I'm pretty well. You've been there a while, so you already know the secrets. I understand 20 years ago, you shipped up your husband, you've got some children as well, and you decided to make the lifestyle change. Tell us a little bit about what that was like 20 years ago.
Absolutely. Well, it was a big move, a big change from the big city in Sydney. But we were really looking for more space and just a lot of open area for the kids to grow up in. We found a lovely place in Lovedale, just under 30 acres. So it's a full farm experience for the kids. And it's just been a great move and we've never regretted it.
You know, 30 years ago, you wouldn't want to be buying 30 acres there in 2022, would you?
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