Property prices are dropping and first home buyers are ecstatic!

Is it too good to be true? …Well, you guessed it. 

As tempting as the price drop of homes in the suburbs sounds, not all “opportunities” are what they seem. Worse–some of these might even pose a problem for you in the long run. 

In today’s episode, we’re discussing whether chasing these bargains are going to be worth your while! 

We also discuss the warning signs to watch out for when buying cheaply-priced homes, the scarcity factor of properties in the suburbs, and what determines the price growth of properties in an area!

If you enjoy the show, do like, rate, subscribe, and share it with others! We have loads of resources available and if you’d like to chat, email us at [email protected]!

We’ll see you on the inside! 

 

Episode Highlights: 

1. What’s going on in the Australian property market [03:28]
2. Falling house prices in the suburbs [06:01]
3. History is a good predictor of the future [07:39]
4. Factors that affect property demand [11:07] 
5. How can the scarcity factor affect prices? [17:12]
6. Opportunities for development in the suburbs [19:11]
7. Statistics are not always reliable [21:00]

 

Links from the Show: 

• https://www.domain.com.au/news/the-suburbs-where-property-prices-are-cheaper-now-than-they-were-5-years-ago-1136171/
  

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!

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