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What affordable suburbs in Hobart are suitable for first home buyers?
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 podcasts from. Well, it's a Wednesday, the 11th of May for 2022, and it was on this day back in 1970 that the Beatles released the single The Long and Winding Road. And what the public didn't realize at the time was the song would become the Beatles' last American single. And that happened on this day, and that's 51 years ago. Boy, time marches on. Well, since the RBA cash rate announcements last week, it's renewed the microscopic approach to where now in the country are the best buyers, especially for first home buyers. And Tasmania has always represented a reasonable price.
And coming up in just a moment, we're going to take a look at Hobart property and And what happened there after the first weekend since the interest rates moved? But first, let's have a look at your weather around Australia.
It's the main centre forecast with propertybuyer.com.au.
First we go to Sydney. It's a ditto day, expecting the same as yesterday. Some showers with a high of 23 degrees. Melbourne becoming cloudy but mainly dry with 20 degrees. Brisbane, rain again today in the forecast and 22 degrees and in Perth expecting a possible late shower which is like a 50-50 hand of poker from the Met service this morning and a high of 22 degrees.
If you've got a question that needs answering, you can email us at myrealestatepodcast at gmail.com.
And don't forget about the Tiny Home Expo, which is happening on Friday the 27th of the month, the 28th on the Saturday and Sunday the 29th. It's happening at Redcliffe Showgrounds just outside of Brisbane. I've got five more free double passes to give away. To have a chance of winning, you have to be in the Real Estate Breakfast Club. And of course, there's still time to win the tickets. We will be doing that draw again sometime between now and tomorrow morning. All you need to do is email this address, myrealestatepodcast at gmail.com and put in the header tinyhomeexpo. That should be a good one to get along and have a look at.
Informing you on real estate. Wake up every morning to the Real Estate Podcast.
Well, turning our attention to Hobart this morning to look at whether there are these affordable suburbs left for people to get into the market. And I'm joined by local real estate man there, Barry Wheeler. Good morning, Barry. Great to have you on the podcast this morning. Good morning Craig and everybody else. Thank you so much for having me. Well Hobart's the place to be. Firstly before we get into talking suburbs, last weekend was the first weekend of open homes and sales since the cash rate moved. Was there anything in particular that you observed last weekend on the ground there?
Craig, there wasn't a huge difference than has been with a minor swing over the last few weeks. And that has just been in, I suppose, running with the other states. What we did have was a lot more conversations around what that announcements from the RBA and the subsequent rate increases from the banks might mean for Australia. different demographics in the market. So whether first home buyers or sellers and so on, we're still seeing a strong demand for good quality homes that are priced correctly here on the ground. And we didn't see a huge difference from this weekend just gone than the weekend prior, other than a few extra conversations on the ground.
Now, talking of those conversations, I guess quite a number of them will be coming from first home buyers.
Yeah absolutely we are seeing a lot more inquiry probably this year than what we did late last year from first home buyers and a lot of them are very curious being that they've not been in the market and potentially haven't had that much experience with banks either curious as to what these rate increases might mean for them and moving forward in securing their first home.
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