Got a question for the trio? - https://zfrmz.com/uLtjhyBskV96PY6eJfaI https://propertyplanning.com.au/propertyplannerbuyerprofessor/ In this week's episode Dave, Cate and Pete take you through: Market update 1. Is the RBA oversteering the inflation ship? The RBA yet again ups the cash rate by another 50 bps, but how effective will it be at tackling inflation when non-discretionary items continue to increase in price. While interest rates don’t have a direct correlation to property prices consumer sentiment certainly does and it’s a scary time for many, now that the cash rate is over 2% above it’s lowest point. Dave shares some learnings from our first cash rate cycle in a decade. The 7 things buyers get wrong 1. What are the tell-tale signs of insufficient planning? Cate shares with our listeners the alarm bells that ring when insufficient planning is in the air. Are you short-cutting your plans? 2. What is an appropriate amount of planning time a buyer should invest in their search? Buckle up, it’s not going to be a walk in the park (if you do it properly). The trio discuss the time and energy that goes into a property search. Think about how much time goes into planning a wedding or a holiday and the relative cost compared with purchasing a house. 3. What are the consequences of insufficient planning? The trio dive into some of the worst outcomes that can arise from failing to plan. 4. What are the big ticket issues with overconfidence in your ability to renovate TV is partly to blame, renovations look so simple when you’re comfortable on the couch with a glass of wine. But don’t be fooled, it is not easy. The trio discuss the reluctance to pay for services like painting that you feel like you could do yourself. But, in the end, it may be worth the cost. 5. What happens when renovations go wrong, what are the options? The trio discuss how to plan for renovations to ensure the funds don’t run out in the middle of the project and what happens when the renovation pool runs dry. Visit the show notes - https://propertyplanning.com.au/the-top-7-things-property-buyers-get-wrong-part-1-ep-170/