Australian Property Podcast First homebuyers in election madness
5 snips
Apr 19, 2025 First homebuyers face a whirlwind of political changes with the looming election affecting the real estate landscape. The hosts dissect rising house prices, which have surged 39% in five years, and the latest housing policies aimed at helping new buyers. They explore alarming issues like property defects and the potential pitfalls of inflated prices. A dive into the current market reveals a mix of cautious optimism and financial risks for home buyers, highlighting strategies to navigate this unpredictable terrain.
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Interest Rate Cut Sentiment Rising
- Market pricing currently implies a very high chance of interest rate cuts in Australia soon.
- Financial institutions are already cutting fixed mortgage and term deposit rates significantly.
Investor Behavior Impacts Rental Supply
- Rental crises reflect investors selling in capital cities and buying more regionally.
- Rising interest rates pushed investors out, but upcoming cuts could reduce selling pressure and tighten property supply.
Due Diligence on Strata Properties
- Always get a strata report when buying strata title properties to uncover defects and financial risks.
- Be cautious buying new developments due to potential defects and developer insolvencies.