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 updates 1. Correlating listings and property prices – watch this space The Property Professor shares research that he will be conducting on the relationship between listings and property prices. From a supply and demand perspective, whenthere is an increase in listings for sale, there should be a corresponding drop in prices. Are listing numbersa leading indicator? We’ll be watching keenly for the results in January 2. The market picks up – more green shoots emerge The Property Buyer shares her experience on the ground, hitting the pavement and talking to real estate agents. What can be seen is an increase in late spring listings, buyers attending inspections and competition levels in general. With the 0.25% increase in rates, somebuyers have decided that the slow down in the rate of increase may signal a turning point. 3. Clouds on the horizon? US rate movement The Property Planner shares news from the world economy, where inflation in the US continues to grow, with many expecting the US to raise the cash rate by 70 bps. This could potentiallybe bad news as other nations try to stay inline with US rate movements to ensure their currencies don’t weaken against the US dollar. Here’s hoping that Australia can hold the line on 25 bps increases, as Australia’s economy is much more sensitive to rate increases due to the majority of variable rate loans. Amenities 1. How far is "walking distance?" There is no hard and fast rule and it differs from person to person. But when assessing the quality of a location, some boundaries and measurements need to be put in place. The trio discuss the ideal walking time and distance for amenities. 2. Walk score – what is it and how to use it Walk score is a great resource to measure the walkability of an address. You simply type in the property address and get a score out of 100. Points are awarded based on distance to amenities in various categories such as dining, shopping, errands, parks, schools and more. Visit our show notes for the link to this free resource. 3. The amenities that you don’t want to be too close to While being close to some amenities can be really valuable, there are others that you want to be a reasonable distance away from. The trio discuss which amenities to distance from and by how much. 4. What to target as an investor – don’t let personal preference get in the way Valuing amenities can be a very subjective task, as each person has their own personal preferences. For some, a school nearby can be a useful amenity and for others, it can be a nuisance. It’s important to target properties near amenities that at least 8 out of 10 people will be happy with. 5. Which amenities are most important to the trio, personally and from a professional perspective? Cate, Dave and Pete share the amenities that they value the most from a lifestyle and professional perspective. 6. Which amenities are the most important in the cities around Australia? The trio discuss the critical amenities to target in Adelaide, Melbourne and Sydney. Knowing your market is important, as desire for access to an amenity can vary from city to city. It is also imperative to think about the target tenant and what they would desire from a location. Visit the show notes: https://propertyplanning.com.au/amenities-which-are-important/