Navigating Australia's Housing Market: Opportunities and Cautions

In this Australian Property Podcast episode, your hosts Pete Wargent from Allen Wargent Property Buyers and Chris Bates from Alcove mortgage specialists discuss how to maximise borrowing capacity, how much first homebuyer stimulus is enough, and whether you should pay off your mortgage. They also run through some of your listener questions. 

This week on the show: 

1 – How much first homebuyer stimulus is enough?

2 – Half of Canberra's bankruptcy filings last year were from strata managers chasing fees, inquiry hears

3 – Rob Moore – should you pay off your mortgage?

Listener Q&A

1 – Aristotle’s son

Hi I'm new to property investing. Love the podcast learned lot from it. We have our personal property, just want to start property investing, I hear lot about buying in trust everywhere, but can't get my head around it as there is not much clear info on it, can you guys explain on investing property under a trust, what are the strategies we can use, how lending works when you buy property under trust. Thank you.

2 – Shawn

Hello, enjoying your podcasts a fair bit. Interesting seeing the major growth of farmland over the last 20 years and wondering why we don’t talk about investing in this sector too much?

Personally, I’ve seen more equity growth with my farm than with my residential and industrial properties over many years. Plenty of upside in the years ahead in my view. Shawn

3 – Reza the Imp

I’ve been listening to your podcasts for a while. Excellent job.I don’t believe ever hearing the 85% withdrawal rule for FHSS for concessional contributions discussed here nor on other Rask podcasts. Could you please touch on this and how it can be justified to use FHSS for someone with low marginal tax rate I.e. less than 30%.

Resources for this episode
Cautious RBA waits until August on split decision – Westpac IQ

Cautious RBA holds until August – Pete Wargent

NAB survey turns corner, RBA on hold – Pete Wargent

Borrowers aren’t reducing mortgage repayments – AFR

Where property markets are heating up and cooling down – realestate.com.au

The suburbs where homeowners can’t afford mortgages – SMH

What happens to house prices if the drug money is turned off – SMH

‘The horse is about to bolt’: Auctions boom as rates fall – AFR

Immigration hinders not helps homebuilding – MacroBusiness

Woman bought her first home at 60 and risks losing it all – ABC

GemLife lists – AFR

Commercial property first signs of boost from rate cuts – The Australian

Rask Resources

Pete's Buyers Agency: https://www.allenwargent.com.au

Alcove mortgage broking: https://www.raskmedia.com.au/services/mortgage-broking 

Amy Lunardi Buyers Agency (Melbourne) www.amylunardi.com.au 

All services: https://bit.ly/R-services

Financial Planning: https://bit.ly/R-plan 

Invest with us: https://bit.ly/R-invest 

Access Show Notes: https://bit.ly/R-notes 

Ask a question: https://bit.ly/R-quest 

DISCLAIMER: This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser. Access The Rask Group's Financial Services Guide (FSG): https://www.rask.com.au/fsg

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