Walk The World
We look at some more property repricing, as vendor exceptions are being adjusted now, and using our analytics tool highlight some of the common themes which come to the surface.
Do not believe the spruikers, many properties are being repriced lower!
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Caveat Emptor! Note: this is NOT financial or property advice!!
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Some Big Price Drops in 2 Months, eh Martin…Cheers from Damo.😊
Sales persons never see a negative, only a profit percentage.
Hi Martin, long time viewer here. Question about your mortgage stress maps. It looks like the colour code refers to the number of households in mortgage stress. Have you thought about doing versions with a percentage of households in stress/severe stress? I think many of your viewers would find that enlightening.
High Martin, I am thinking about doing the $50 patreon, what NT suburbs does you stress data cover? 810?
Looks like agents sold high price dreams to secure the listings and having to walk them back now. Bad time to be an agent.
The medium house price to medium full time income ratio is completely out of whack, way above long term historical averages and clearly the result of ultra loose monetary policy. Medium house prices to fall ~ 20% to bring back ratio to historical averages. Will happen unless incomes suddenly rise to support higher interest rates or RBA reverses course (not happening if inflation stays high, even if a recession hits).
Thanks Mr. Martin…some 15-20 years into their mortgage will be looking at this very carefully..as maybe their friends and family…unfortunately.
prices go up, prices go down. just like the sun!
Builders jumping up and down and some home owners about the interest rates going up I predicted this for end of the year but starting now suck it in people you took out the big loans. Let the RBA do he’s job 2.5 % to 3.0% by year end 😀👍😉
Thanks Martin
On the breakdown of households, where are the owners without debt included? Thx Martin
Geez the rental stress is getting really bad.
"Anti-Spruik" is a fantastic title
Hey Martin you have great analytics on the resi market but what about the industrial/commercial market.
Personally, im a developer/builder and typically build tilt panel factories and ive found that the market is as tight as possible with land rates in south east vic typically going up $100sqm every couple months. Esp in the Cheltenham, Highett, Moorabbin and Dandenong areas. and rentals are about 4.5% pa with some areas selling close to a 5.5% yield.
I thought u like spruikers Marty!
As Withnail once said, after stealing the keys to Uncle Monty's cottage in the country, "Free to those who can afford it; very expensive to those who can't."
As Withnail once said, after stealing the keys to Uncle Monty's cottage in the country, "Free to those who can afford it; very expensive to those who can't."
Port Pirie is a town with high wealth fair and no jobs and a lot of country sa is hard to get house loans for as he lending rules by banks are different
Something is going to break very soon, best to be on the right side of this move, which would be no debt, some cash and a secure income…