Property Roadblocks - Breakthrough
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What are the typical roadblocks in real estate buying?
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 every morning and also Spotify and Apple and wherever you get your podcasts from. Well, it's a Friday. The weekend is rolling into town. It's the 29th day of July for 2022. And coming up this morning, we're talking with Rich Harvey, who is back from his holidays to discuss breaking through the roadblocks when buying property. And if you're celebrating your birthday today for the 29th of July, happy birthday. I see in the history books it was on this day the wedding of Prince Charles and Lady Diana Spencer took place. Of course the couple divorced 15 years later in 1996 and then tragically Diana died the next year on the 31st of August 1997.
And a report from Domain, Australia's median house price has fallen for the first time in two years and most of the decline is coming from Sydney and Melbourne. In Sydney house prices fell by 2.7% and it's the strongest quarterly fall since early 2019 while in Melbourne the fall was 0.9% for the June quarter and it's the second consecutive quarterly fall for Melbourne. Interestingly, Australia's median house price is now $1,065,000. That is $10,000 less than what it was in March. But here is the rub. This is the perspective. It is still $100,000 more than it was at this time last year. And you know, property is all about perspective.
Grab your coffee and switch on your real estate breakfast every weekday morning from 6.30. It's the main centre forecast with propertybuyer.com.au.
All right, let's check on your weather around Australia. Sydney expecting a shower or two today. Your high of 15 degrees. It's a beautiful looking Friday morning for Melbourne. Mostly sunny today. Your high of 13.
How can buyers create a successful property plan?
Brisbane, a fine blue sky day. 22 degrees is your forecast high and in Perth expecting the rain to show up and your high 19 degrees.
From first home buyers to property investors and everything in between, every morning on the Real Estate Podcast. Let's Talk Property, a podcast series with Rich Harvey.
Well, the decision to purchase property is a pretty big commitment, as we all know, but the rewards can be substantial. The idea of achieving the great Australian dream or becoming a landlord has been an aspiration for generations of Aussies. Yet at different times, people can freeze up after they make the decision to buy a home or investment. And some can get cold feet after one property purchase and miss entirely the opportunity to build themselves a portfolio. So what are the typical roadblocks preventing you from reaching your real estate aspirations and how do you break through them? And to help us unblock the roadblocks, we have Rich Harvey, CEO and founder of propertybuyer.com.au. Good morning, Rich.
You are back from your holiday. Where did you go?
Yeah, good morning, Craig. Yeah, back from holidays today. Had a great trip away. Went to Central Australia. Saw Uluru, the Olgas, King's Canyon. It was just wonderful to get out to Central Australia. Sunny skies. Middle of winter is the best time to see it because it's not so hot. It's a bit like a mild summer's sort of spring day out there. It was wonderful.
Well, it certainly sounds like you had the weather on your side. You didn't miss much in Sydney.
What strategies help in overcoming financial hurdles?
Now, let's have a look at these roadblocks this morning. What is the first major hurdle that you see firsthand out in the marketplace stopping buyers from getting onto the property ladder?
Well, I think the main reason most people don't start is they've got no plan. They actually think about buying a property. They'd like to buy a property. They talk about it with their friends and family at dinners and barbecues, but they just don't get out there and know how to execute. The first step is to think long and hard about what it is that you need and then how to achieve that plan. So, for example, is it a home you need? You need to write down all of the most essential and desirable things. If it's an investment property, you know, what do you want that property to do for you?
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Chapters
8 chapters
1
What are the typical roadblocks in real estate buying?
0:02–2:25
2
How can buyers create a successful property plan?
2:25–4:05
3
What strategies help in overcoming financial hurdles?
4:05–5:56
4
How do expectations affect first-time home buyers?
5:56–7:56
5
What are the essential steps to find the right property?
7:56–9:56
6
How important is a support team when buying property?
9:56–11:53
7
What common mistakes do buyers make in the property market?
11:53–13:37
8
How should buyers approach their property search in a changing market?
13:37–13:46
Speakers
3 identifiedMore from Aussie Real Estate Podcast
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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