The Sunday Property Market
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What is covered in this Sunday week-in-review episode?
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 on Spotify and Apple and wherever you get your podcast from. Well, the weekend is rolling on on this Sunday morning for the seventh day of August for 2022. And coming up, we have the Sunday Rewind. where we are looking at the supply of goods and how that is hurting Australian households. Actually, just on that note, it was good to see in the last 24 hours that crude oil is continuing to go down. But the UK, they are in for a bit of a bumpy ride with their inflation way ahead of ours, and recession is on the way for them. We are also in the Sunday Rewind. We're going to look at the property falls in Sydney and Melbourne.
We'll also take a look at Brisbane. And we also look at the clearance rates and what you should be doing right now if you are a first home buyer without overstretching yourself in terms of buying property. If you're celebrating your birthday today for the 7th of August, have a great Sunday. You share it with Charlize Theron. She is turning 46.
How is global inflation and supply disruption affecting Australian households?
Also on this day, Peter Jennings, the news anchor for ABC. In fact, he was the news anchor from 1983 until 2005 on this day when he died, aged 67. Coming up next, we'll have a look at your Sunday weather.
from first home buyers to property investors and everything in between, every morning on The Real Estate Podcast. 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 go around Australia checking on your weather. Sydney expecting one or two showers, a high of 18 degrees. Melbourne also a few more showers today, 14 is your forecast high. Brisbane, a sunny Sunday, 22 is the forecast.
What is the weekend weather forecast across major Australian cities?
And in Perth today, the showers are going to ease and your top of 18 degrees.
It's your real estate weekend podcast in review.
Aussies have the rising cost of living, as you mentioned, including food, fuel and energy and interest rate hikes, of course. And the fear that I said the other day is that the Ukraine war is such an unpredictable aspect to this whole inflation crunch at the moment and that Putin has become this global disruptor.
I keep on saying it's nail-biting, but it is because every day there just seems to be something new going on and new allies or new declarations of whether it's support or whether it's condemnation. And it is right that the war does impact many people and many businesses without them even acknowledging it or without even them realizing it. And that can be anything in terms of The supply of goods or a service, particularly for us here in Australia, construction material and anything else that we import from other countries, because anything that happens because of the war will also impact free trade agreements. It will impact all of the ins and outs of transport and freight, and it's not just what
the war is doing, China is still having their zero COVID policy as well.
How is the Ukraine war and China's COVID policy impacting Australia’s supply chains?
And so the combination between the two does wreak havoc on the supply chain globally.
Enjoy your morning coffee. It's your Real Estate Weekend podcast in review.
We know the property market in Sydney has been slowing down this year. You tie that to the inflation number of 6.1% and the uncertainty around the mortgage interest rates going up. People on one hand might say look I'm not surprised to see that we're going to have that downturn in the market but on the other hand you're going to have people that are going to
Why are Sydney property prices starting to fall and which suburbs are worst hit?
absolutely hate seeing the number in reality on their properties, but it is the year it would seem of the price correction.
I think that's right, Craig. I mean, if we look historically at the Australian property market and the Sydney property market, we tend not to see large price falls. But Realistically, if that was ever going to be a situation where we did see quite large price falls, it would be now. And that's because interest rates have been falling for 11 years.
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Chapters
8 chapters
1
What is covered in this Sunday week-in-review episode?
0:02–1:22
2
How is global inflation and supply disruption affecting Australian households?
1:22–2:15
3
What is the weekend weather forecast across major Australian cities?
2:15–3:41
4
How is the Ukraine war and China's COVID policy impacting Australia’s supply chains?
3:41–4:16
5
Why are Sydney property prices starting to fall and which suburbs are worst hit?
4:16–6:04
6
How have national auction clearance rates changed and what does that signal?
6:04–9:39
7
Which capital cities are moving into a downswing and how will Brisbane and Adelaide be affected?
9:39–12:27
8
What practical buying advice is offered for first-home buyers during rising rates?
12:27–13:26
Speakers
3 identifiedMore from Aussie Real Estate Podcast
Josh Tesolin Banned for 10 Years: What It Means for Australia’s Real Estate Industry
Australia Property Market Slowing: Interest Rates Impact Sydney and Melbourne Growth
How Higher Interest Rates Are Changing Property Buying in Australia: First-Home Buyers and Investors Respond
Melbourne Property Market Distortion: First-Home Buyer Stamp Duty Cap Driving Price Pressure
Australia Housing Market Stability: Low Mortgage Arrears and Minimal Negative Equity Explained
Australia Property Prices Rising: Construction Costs, Materials and Fuel Driving the Market