Search Party Property

1. 50,000 jobs to be lost from Construction2. 50,000 jobs to be lost from Retail3. Interest Rates set to decline (hopefully to stem the downturn)

1. Potential presales or lack of2. Not being able to get finance3. Conservative approach - e.g. look to Joint Ventures with owners - minimise risks and costs

1. Off The Plan properties2. Sydney & Melbourne purchases (paying market price or bidding up at auction)3. Areas of high density - where there are a lot of sales and rentals

1. Reduced rates of First Home buyers

2. Reduced rates of owner occupiers buying

3. Seeing cashed up investors, or parents assisting their children

1. Spend time with them

2. Give them Value

3. Find out what motivates them

1. Overall disappointing

2. Bidding lacked the fire power

3. Weaker results

Mark and Luke are joined by Granny Flat expert Sean Wilson From Mark Wilson Design and Build

1. Getting over excited about glossy brochures

2. Potential Building defects

3. Come with a good plans for selling and buying - as a down-sizer (assess the market)

1. Growth estimates being cut

2. New lending declined by 15% in 2018

3. 2nd half of 2018 had an annualized growth of 1.5% ... what needs to be done to avoid RECESSION??

Concerns from the RBA (Reserve Bank of Australia) -

1. Construction slowdown

2. House price falls in Sydney & Melbourne

3. Credit/lending growth slowing