This week, we continue with part two of our East Coast property market update, once again joined by Cate Bakos. In this episode, we delve into the nitty-gritty of what your budget can buy in Sydney, Melbourne, and Brisbane, as the market shifts through 2024. From first home buyers eyeing properties in the $600k-$700k range to those with budgets up to $1.5 million, we break down the opportunities and challenges each city presents.

We start with Melbourne, where Cate shares insights on how infrastructure projects are shaping affordable areas, particularly in the outer suburbs. Then, we head to Brisbane, where increasing competition and unique risks—such as black soil issues—require careful consideration for buyers, especially in the $700k-$800k bracket. Finally, we turn to Sydney, where the market remains highly competitive, and buyers with budgets below $1 million will face difficult choices between apartments and older homes in outlying suburbs.

Tune in to find out how these three markets compare, what to watch out for, and where the best value for money can still be found.

Episode Highlights:

00:00 - Introduction

02:19 - Buying a property in Melbourne, Brisbane and Sydney for $600k - $700k

09:08 - Buying a property in Melbourne, Brisbane and Sydney for $700k-$800k

13:41 - Buying a property in Melbourne, Brisbane and Sydney for $800k - $1 million

21:57 - Buying a property in Melbourne, Brisbane and Sydney for $1.1 million - $2 million

25:15 - Investment strategies and property selection in Sydney, Melbourne & Brisbane

32:00 - Rental market & legislative shifts in Sydney, Melbourne, and Brisbane

44:42 - The challenges of increased land tax and rental reforms

51:29 - Property risks, key drivers, and opportunities — Melbourne

54:10 - Property risks, key drivers, and opportunities — Brisbane

56:57 -  Property risks, key drivers, and opportunities — Sydney

Resources mentioned in this episode:

• Buying Property in Sydney, Melbourne, or Brisbane? Here’s What You Need to Know (Part 1) https://homebuyeracademy.com.au/podcasts/195

Resources:

• FREE MINI COURSE: How to price property like a professional https://www.homebuyeracademy.com.au/freecourse
• Meet our recommended mortgage brokers at Home Buyer Academy https://homebuyeracademy.com.au/brokers
• Visit our website https://www.homebuyeracademy.com.au/
• Join our Facebook Group to get access to free monthly live Q&A sessions
• https://www.facebook.com/groups/yourfirsthomebuyerguideaustralia
• Learn how to buy property without making a mistake with our ultimate 10-step online course for first time home buyers https://homebuyeracademy.com.au/YFHBG
• If you have any questions or would like to be featured on our show, contact us at: Your First Home Buyer Guide Podcast [email protected]
• Looking for a Sydney Buyers Agent? https://www.gooddeeds.com.au
• Work with Veronica: https://www.veronicamorgan.com.au
• Looking for a Brisbane Buyers Agent? https://www.propertypursuit.com.au/
• Work with Meighan: https://www.linkedin.com/in/meighanwells/

If you enjoyed today’s podcast, don’t forget to subscribe, rate, and share the show! There’s more to come, so we hope to have you along with us on this journey!

• Subscribe on YouTube: https://www.youtube.com/@YourFirstHomeBuyerGuidePodcast
• Subscribe on Apple Podcasts: https://podcasts.apple.com/ph/podcast/your-first-home-buyer-guide-podcast/id1544701825
• Subscribe on Spotify: https://open.spotify.com/show/7GyrfXoqvDxjqNRv40NVQs?si=7c8bc4362fab421f

See omnystudio.com/listener for privacy information.