The Sunday Rewind Reflection
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What highlights were featured in this week's real estate interviews?
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 podcast from. Well, this long weekend continues on our Sunday morning, June the 5th for 2022. I trust your weekend of any real estate activity is going well. Coming up is the week in review with the Sunday Reflection. It's a time to look back at some of the highlights of the interviews we've done in the last week. Oh, yesterday too I saw the new trailer for Baz Lueman's film called Elvis and whoa! trailers typically aren't something i really buy into often they're cheesy not put together well or they simply reveal too much of the plot point in the movie like it's why bother to see the movie i've just seen it in 90 seconds but this baz lumen film trailer on the other hand about
Elvis Presley is spectacular the production design is first class as is the performance of the lead actor and who would want to take this role or who wouldn't want to take this role on one hand it's daunting but on the other hand what a role to play Austin Butler he plays Elvis He's a 30-year-old American who previously had a small role in Quentin Tarantino's film Once Upon a Time, but this is the biggest role of his career.
What insights can we gain from the latest property market forecasts?
So looking forward to seeing the king, Elvis.
It's the main centre forecast with propertybuyer.com.au.
Alright, let's have a look at your weather around Australia. First, we go to Sydney, expecting a cloudy day but dry, a high of 19 degrees. Melbourne showers to east, all going to be another cool day with just 13 degrees on the Mercury. Brisbane expecting a late shower and 21 degrees. Good morning if you are in Perth expecting a dry and cloudy day and your high a top of 18 degrees.
Enjoy your morning coffee. It's your Real Estate Weekend podcast in review.
Well, I see that realestate.com.au last week ran a story about a woman who grew up in a house and then after her parents sold the property in 2014, ended up buying it back again.
How did a woman successfully buy back her childhood home?
Good morning, Gemma. This happened to you? Yes, it did. And your parents were there on auction day last Saturday?
Yeah, so both my parents came as well because I thought that would be nice.
And tell me a little bit about the fact that you were the only bidder. Is that correct?
Yeah, correct. There was a few people there, so we're actually quite shocked just given the location of it. My partner had a feeling though because it's actually like just under 600 squares.
What factors contribute to the high demand for land in Byron Bay?
It's a split level block. My dad said that it's like built on rock. Like we think that investors were turned off by it. So it's not really like something you could subdivide and knock down. So yeah, it worked in our favor, that's for sure.
So you've bought the property as an investment. You're not going to be living in the property?
No, we don't plan on living in it. We've already got a place that we've renovated, so we live in that. And then, yeah, we just thought as an investment, closer schools should be quite easy to rent out.
How has the property market changed since its peak in late 2021?
And how many of your friends, Gemma, are still struggling to buy their first home?
Yeah, quite a few, actually. I count my blessings every day that we were homeowners pre-COVID. I just think it'd be so hard as a first homeowner buyer right now to get into the market with all these auctions and, yeah, just the banks. It's just a lot. The deposits.
Informing you on real estate. It's your Real Estate Weekend podcast in review.
And tell us a little bit about the lack of available land. I mean, this has really contributed to the problem in terms of the escalation.
What trends are emerging in the Sydney and Melbourne real estate markets?
Land is always key in most property deals, but land in Byron Bay takes that to a whole new level, doesn't it? Look, it does, and I think what people probably don't realise, certainly when they come from the big dollar median suburbs of Sydney, is that Byron's quite a small place. It's only about 3,500 homes in Byron, one way in and one way out, and it is quite small, and there's only limited land.
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Chapters
8 chapters
1
What highlights were featured in this week's real estate interviews?
0:02–1:38
2
What insights can we gain from the latest property market forecasts?
1:38–2:32
3
How did a woman successfully buy back her childhood home?
2:32–2:59
4
What factors contribute to the high demand for land in Byron Bay?
2:59–3:27
5
How has the property market changed since its peak in late 2021?
3:27–4:01
6
What trends are emerging in the Sydney and Melbourne real estate markets?
4:01–4:51
7
Which suburbs are currently affordable for first-time home buyers?
4:51–5:39
8
What are the best investment opportunities in the Gold Coast area?
5:39–11:30
Speakers
4 identifiedMore from Aussie Real Estate Podcast
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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