The Sunday Property Review
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What insights are shared about the current real estate market?
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, it's a Sunday, the very last day of July as the weekend continues. I hope it's a good one for you, whether it's real estate or just relaxing, putting the feet up and just catching your breath. Yes, it is the 31st of July. Tomorrow, we know we are carving off the year. When we hit August, the back end of 2022 has begun. And spring is getting closer, which is going to be great for you listing your property if you're waiting until spring arrives.
How is the weather affecting property listings this week?
Coming up, we are reviewing the last seven days with the Sunday in Review Breakfast Podcast with some of the leading interviews and thought-provoking commentary around your real estate this morning. 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.
Is it really doom and gloom for property vendors in Bondi?
And around Australia, we go to have a look at your weather. First to Sydney, it's going to be cloudy but dry. Your high of 17 degrees. Melbourne, expect the rain today and windy conditions with 15. Brisbane, it should be mainly fine. Maybe a little bit of cloud around for your Sunday, but 21 is your forecast top. And in Perth today, expect one or two showers and your high of 17 degrees. It's your real estate weekend podcast in review. Is it all doom and gloom for vendors, especially in Bondi, Sydney right now? No, I don't think that is all doom and gloom because the reality is that people still want to live and people still need to transact and people are still buying and selling because life still proceeds.
So, it's not all doom and gloom.
What challenges are first home buyers facing in today's market?
There are people that will certainly pay a premium for the right property. I think it's just important to really make sure you listen to your agent and And really make sure that the property presents itself in the best light possible and that you're doing everything you can and listening to the agent and marketing in the right way. Because more than ever, now it's really important to get the property out there through as many marketing methods as possible when it is on the market and listen to the agent and listen to their guidance and advice. And I think that in line with presenting it as best as possible is still going to give you the good opportunity to get the best prices. You know, I had to ask you the doom and gloom because that is followed up with the possibility next year the market could bounce back, catch a little bit of a bump.
And we all know that property is about confidence. It's about getting that little bit of a bump, a little bit of confidence. Suddenly a different side re-emerges from where we are right now. Absolutely. I mean, look, I think people are a little bit shaken. And as you said, the confidence has been knocked a little bit with the last, you know, four interest rates rise very quickly. We had one, another one and then a double one.
How does stamp duty impact home ownership decisions?
People were not expecting to go up 50 basis points. So I think that at the moment there is a little bit of that combined with, you know, winter, a lot of rain we've had, people can now travel. So I think that... from my perspective, that people will certainly get a bit more comfortable once they come back. And as I said before, my feeling is that some market will traditionally come back and we'll see a bounce back early next year and follow through. It's very hard to predict where it's going to be. Nobody could have seen what happened with COVID and how prices really flared up. So my feeling is that we'll probably have a little bit of a bounce back. And I think that people will come back and be refreshed from the breaks that they've been able to have and refocus.
Enjoy your morning coffee.
What strategies can agents use to set realistic reserve prices?
It's your real estate weekend podcast in review.
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Chapters
8 chapters
1
What insights are shared about the current real estate market?
0:02–0:53
2
How is the weather affecting property listings this week?
0:53–1:25
3
Is it really doom and gloom for property vendors in Bondi?
1:25–2:10
4
What challenges are first home buyers facing in today's market?
2:10–3:10
5
How does stamp duty impact home ownership decisions?
3:10–3:51
6
What strategies can agents use to set realistic reserve prices?
3:51–4:19
7
How does the bidding process work in property auctions?
4:19–5:18
8
What emotional factors influence buyers during an auction?
5:18–12:08
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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