Buying your First Home Podcast Jayden Vecchio & Hunter Galloway

In this episode of the Buying Your First Home Podcast, we dove into the latest updates on the Australian housing market, interest rates, and the effects of these changes on homebuyers and investors. We also discussed the ban on rental bidding in Western Australia and the surprising trends in the unit market.

Highlights of this episode:

1. Interest rate predictions have shifted, with rate cuts possibly delayed due to persistent inflation.
2. Australia's variable rate mortgages don't necessarily make the RBA's monetary policy more effective.
3. Low interest rates are currently helping to sustain housing market stability.
4. Houses generally yield more profit than units upon resale.
5. Properties held for longer periods, around nine years, are more likely to sell at a profit.
6. Western Australia has banned rental bidding as of May 16, 2024.
7. Violating the rental bidding ban in WA could result in fines up to $50,000.
8. Unit rents and prices are rising faster than those for houses, making them attractive to investors.

Ready to explore your options? Get a free assessment from the experts at Hunter Galloway: huntergalloway.com.au [https://www.huntergalloway.com.au/]

Is the Australian Housing Bubble About to Burst? Interest Rates & Your Next Move

This episode of the [Buying Your First Home Podcast] dives into the Australian housing market, offering insights for those feeling lost amidst the chaos. We explore the impact of rising interest rates, uncover surprising growth in some suburbs, and investigate a record-breaking property sale. The episode unpacks the "great divide" of market performance and dives into how migration is influencing rental markets. We also highlight booming suburbs that could be strategic moves for first-time homebuyers, despite potential commute drawbacks. Plus, we take a futuristic peek at what Aussie homes might look like in 2124. Don't miss out on these insights—your dream home might be more accessible than you think!

For more info, visit Hunter Galloway [https://www.huntergalloway.com.au/]

Links Mentioned:

1. Rate Hikes Shake Up the Market [https://www.corelogic.com.au/news-research/news/2024/rate-hikes-divide-housing-market-almost-one-in-two-capital-city-suburbs-hit-record-high]
2. Pain and Gain Report [https://content.corelogic.com.au/l/994732/2024-03-26/217pwy/994732/1711476797G7S9g7AB/202403_CoreLogic_PainGain_DecQtr_Report.pdf]
3. Housing Supply Challenges [https://www.afr.com/property/residential/housing-supply-falls-below-demand-in-all-states-but-wa-20240522-p5jfof]
4. Political Quick-Fix Myths [https://propertyupdate.com.au/how-the-housing-crisis-exposes-the-flaws-in-quick-fix-solutions-from-both-major-political-parties/]
5. Commonwealth Bank's $10,000 Deposit Scheme [https://www.afr.com/property/residential/cba-to-accept-10k-deposits-to-speed-up-off-the-plan-construction-20240521-p5jfeh]
6. Bargain Buys in Regional Areas [https://www.realestate.com.au/sold/property-house-qld-russell+island-142186264]
7. Future Housing Trends [https://www.realestate.com.au/news/living-in-2124-aussie-home-predictions-for-the-next-100-years/]

In this episode of Finance in Five, we break down the latest federal budget announcements, including tax cuts and a housing package that could help aspiring homeowners. We discuss the impact of these changes on borrowing power and the housing affordability crisis, as well as explore affordable suburbs in Perth and the ban on rent bidding in Western Australia.

Highlights of this episode:

1. Federal budget announcements include tax cuts that could increase borrowing power.
2. A housing package aims to address the affordability crisis but has received mixed reviews.
3. The gap between wages and property prices continues to widen.
4. Affordable suburbs in Perth offer homes for under $350,000.
5. Western Australia has introduced a ban on rent bidding, which could level the playing field for first home buyers.
6. Tax cuts stimulate the market, potentially increasing house prices.
7. Government's infrastructure investments are a long-term strategy that won't provide immediate relief.
8. The Help to Buy scheme is being negotiated and could make a significant difference for homebuyers.
9. Borrowing capacities have fallen due to rising interest rates, but tax cuts could help recover some of that capacity.
10. Rent bidding is now illegal in Western Australia, with fines for those who violate the ban.

Need help navigating the home buying journey? Get a free pre-approval and explore your options with Hunter Galloway – a trusted mortgage broker for homebuyers across Australia. Call 1300 088 065 or visit huntergalloway.com.au [https://www.huntergalloway.com.au/]

On this week's episode, Jayden and Simon unpack the latest trends shaping the Australian property market:

1. Forever Homes vs. Quick Turnovers: Discover the suburbs where people stay put for decades and those known for rapid sales, and what this means for your home-buying strategy.
2. The Changing Face of Aussie Homes: Are our homes keeping up with our evolving lifestyles? We explore the mismatch between what's being built and what buyers actually need.
3. Construction Costs Cooling Down? We analyze the latest data to see if the construction chaos is finally easing up and what to expect if you're dreaming of building.
4. Population Density & Your Property: Uncover the surprising ways population density affects rent and property values, and how it could impact your investment.
5. Affordability Hotspots: Tired of hearing about the housing crisis? We reveal the bright spots across the country where first-home buyers can still find affordable options.

Need help navigating the home buying journey? Get a free pre-approval and explore your options with Hunter Galloway – a trusted mortgage broker for homebuyers across Australia. Call 1300 088 065 or visit huntergalloway.com.au [https://www.huntergalloway.com.au/]

Found your dream home only to get a disappointing building and pest report? Don't panic! This episode turns a potential disaster into a bargaining chip. We'll cover how to renegotiate the price, request repairs, or even walk away if it's just not worth it. Plus, the real-life story of Sarah and Ben who saved $15k using these strategies!

Want expert help navigating the inspection process? Visit us at huntergalloway.com.au [https://www.huntergalloway.com.au/] for personalised support.

Dreaming of joint homeownership with your partner? This episode is for you! We break down how to add your partner to your existing property title and mortgage in Australia. We'll cover:

1. The crucial difference between being on the title vs. the loan
2. How to handle refinancing when adding a partner
3. Legal considerations and ownership options
4. What to do if the bank says "no"

Plus, get expert insights on potential benefits and the downsides to consider. Whether you're married, de-facto, or just getting started as a couple, this episode is packed with must-know information for first-time buyers.

Ready to explore your options? Get a free assessment from the experts at Hunter Galloway: huntergalloway.com.au [https://www.huntergalloway.com.au/]