Real Estate In Review
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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, also on Spotify and Apple Podcasts, or wherever you get your podcast from. Well, I hope your long weekend is going well on this Sunday, the 17th of April for 2022. How are all those hot cross buns going? I have to say that I've just had a couple with my morning coffee, but the problem is that I'm not a big fan of sultanas or raisins, so I tend to eat the chocolate hot cross buns, which means more gym workout time to compensate. Thankfully, though, the chocolate hot cross buns are not a year-round thing.
It's the main centre forecast with propertybuyer.com.au. Yes, let's have a look at the weather forecast in Sydney. Partly cloudy today with 24 degrees. Melbourne expecting fine with 28. Brisbane expecting partly cloudy conditions today with 27 degrees and in Perth expecting another fine day with 23 degrees. We feature market updates, interviews and trends. It's your real estate podcast for breakfast. Well, earlier this week, I spoke to auctioneer Damien Cooley and learned something that I didn't know about auctions when it came to active bidders. So in order to have a strong competition at auction time, you need 3.5 active bidders, which is considered positive. But anything less than that, less than 3.5 active bidders, and that heads towards the negative range.
And I asked Damien about more homes being listed for sale, giving buyers a much greater choice. I think the supply and demand absolutely plays a role in any market and property is no different. If there's more properties on the market in any given suburb and there's only a certain amount of buyers that are looking at purchasing, prices will be affected. if you look at any suburb and you type in to one of the portals you type in how many properties come up in in all price ranges in any given suburb and you look if you look say three months ago and you look now there's more properties in most suburbs if not all there's more properties on the market in those suburbs now than there was that signifies change because the buyer pool i don't believe is getting stronger at the moment it's it's probably getting weaker
This period pre-Easter is always a very busy period. People go away on holidays. They're enjoying their families. I think it's a little bit unique this year also because we've come off the back of a big boom. And I think also we've come out of a time that has never been seen before, lockdown periods and not being able to go away on holidays. And I think that that has had a huge impact on the way people feel. And the way people feel has an impact on whether they buy or sell real estate and what they're buying. I think we also need to look at what buyer pools there are out there. And what I mean by that is how are first home buyers going? How are the downsizes going? How are the upsizes going? What are their buyer behaviors that we're seeing at auctions right now?
What are their buyer behaviors that we're seeing at auctions right now? It's your real estate weekend podcast in review. Also this week, I spoke to Faye Barrett, who recently staged the Melbourne Tiny Homes Expo last month. And she got 12,000 people through the turnstiles, which is showcasing the range of different styles of tiny homes. And I asked her about the varied construction styles of the different builds. Right. Well, there's the quintessential tiny home, which is the pretty tiny home, which is on wheels. But they also come on skids in the form of shipping containers and modulars. At the Melbourne Expo, we also had wagons there, like gypsy wagons or Vardy, as they are called. Then there's just backyard pods in all kinds of different shapes.
In fact, in Melbourne, we probably had the most diversity that I've ever seen of any get-together of any tiny homes ever. I was reading about the prices because the prices have really taken off in terms of building these.
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Chapters
2 chaptersMore from Aussie Real Estate Podcast
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