That Backyard Property Podcast

Book a consult with Michael: https://calendly.com/d/cwrg-969-cjcOne in seven borrowers at the big banks has no buffer at all, and the Big Four are lifting variable rates again. In this episode, Michael Killiner breaks down why the RBA's move to 4.85% hurts more than the 2008 rises, even though rates were higher back then.He looks at who is actually falling behind, what the money markets and fixed rates are saying about the peak, and the four levers you can pull on your home loan this week.Essential listening for mortgage holders who want to build a buffer before the next surprise.🔔 Subscribe and leave a comment with your questions -- we build episodes around what YOU want to know.General advice only and not personal advice. CRN 485467------------------------------------------------------------In this episode:• The RBA lifted the cash rate to 4.85% on 3 November in a 6 to 3 vote, the fifth rise this year, adding $537 a month to a $700,000 loan since February.• Why each rise hurts more than twice as much as in 2008, with the average new loan up from $246,000 to $700,000 and a quarter point now costing about $107 a month instead of $45.• Who is really under pressure, with 12% to 15% of Big Four customers holding no buffer, and why jobs rather than rates turn pressure into arrears.• What futures pricing and bond yields suggest about the peak, and why some one year fixed rates now sit level with variable at around 6.5%.• Four levers to pull this week: ask for a better rate, reset to a 30 year term, consider interest only, or release equity into your offset.------------------------------------------------------------Subscribe: https://youtube.com/@ThatBackyardPropertyPodcastInstagram: https://instagram.com/backyardpropertypod?igsh=MWhkOWx5YzJxdDc3ag==Website: https://tuskfinance.com.auConnect with Michael:Facebook: https://facebook.com/tuskfinancemkInstagram: https://instagram.com/mortgageswmichaelLinkedIn: https://linkedin.com/in/michaelkillinerTikTok: https://tiktok.com/@backyardpropertypodcastTusk Finance: [email protected]------------------------------------------------------------Chapters:(0:00) Another Big Four rate rise(1:24) RBA lifts the cash rate to 4.85%(2:24) Why it hurts more than 2008(3:56) Who is actually falling behind(6:19) Is this the peak for rates(7:19) Should you fix your loan(8:13) Four levers to pull this week(10:25) Your four takeaways------------------------------------------------------------Produced by Podwave Studios: https://www.podwavestudios.au#ThatBackyardPropertyPodcast #PropertyPodcast #MortgageRates #RBA #InterestRates #HomeLoan #MortgageStress #PerthProperty #Refinance #TuskFinance

Book a consult with Michael: https://calendly.com/d/cwrg-969-cjc

Two thousand buyers, 200 villas, and everything gone in two hours. That is a normal launch day in Dubai, and it is where Ryan Smith is taking White Fox next. In this episode, Michael Killiner sits down with Ryan Smith, founder of White Fox Perth and co-director of White Fox Dubai, to unpack the leap from Perth agent to Dubai real estate.

Ryan explains how off-plan sales work when buyers arrive with cheques in hand, why he recruits Aussie agents, and how he sets five year goals to hit in two. He also breaks down where the Perth market sits today, from sub-sale offers to overpriced stock, and how White Fox prices a home using comparable sales, land value, capital growth and replacement cost.

To finish, Ryan shares what he looks for in an investment property, what success means to him and what he is most proud of.

Essential listening for Perth buyers, sellers and investors who want to understand where the market is heading.

🔔 Subscribe and leave a comment with your questions. We build episodes around what YOU want to know.

General advice only and not personal advice. CRN 485467

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In this episode:

• Dubai off-plan launches move fast: 2,000 expressions of interest for 200 villas, so buyers and finance need to be ready beforehand.

• Why Ryan is taking Aussie agents to Dubai after 20 to 25 enquiries in under two weeks.

• His rule for goals: set a five year target and aim to hit it in two.• Perth buyers are still turning up to every home open, but overpriced listings are the real problem.

• How White Fox prices a home using comparable sales, land values, capital growth and replacement cost.

• About half of current offers are sub-sale, and buyers are dictating more terms.

• Why Ryan expects Perth to ease another 5% at most, not 20%.

• His investment checklist: location, nearby infrastructure and a clear price point.

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Subscribe: https://youtube.com/@ThatBackyardPropertyPodcast

Instagram: https://instagram.com/backyardpropertypod?igsh=MWhkOWx5YzJxdDc3ag==

Website: https://tuskfinance.com.au

Connect with Michael:

Facebook: https://facebook.com/tuskfinancemk

Instagram: https://instagram.com/mortgageswmichael

LinkedIn: https://linkedin.com/in/michaelkilliner

TikTok: https://tiktok.com/@backyardpropertypodcast

Tusk Finance: [email protected]

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Chapters:

(0:00) 200 villas sell out in two hours

(1:24) Saying yes to Dubai

(3:11) How fast Dubai really moves

(6:07) Tall poppy syndrome vs Dubai ambition

(9:00) Leaving Realmark for White Fox

(10:50) Five year goals done in two

(14:04) Parenting five kids and running businesses

(17:17) Perth market now vs 2017

(19:44) Pricing honestly with sellers

(23:27) Sub-sale buyers and the 12 month outlook

(27:34) What to look for in an investment

(30:58) What success and pride mean

(36:14) Building White Fox with David Murray

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Produced by Podwave Studios: https://www.podwavestudios.au

#ThatBackyardPropertyPodcast #PropertyPodcast #PerthProperty #PerthRealEstate #PropertyInvesting #WhiteFox #DubaiRealEstate #RealEstateAgent #PropertyMarket #OffPlan

Book a consult with Michael: https://calendly.com/d/cwrg-969-cjc

One of Perth's biggest builders has around 100 homes sitting idle waiting on bricks, not money, while developers who borrowed at 8% six months ago are now being quoted 11 to 12%. In this solo mini, Michael Killiner explains why a squeeze on both materials and finance is shaping Perth's supply, rents and build times for years, not months.

Michael unpacks Midland Brick's allocation system, the state government's $4 million plan to reopen Austral's Cardup plant, and how private credit funds suspending redemptions is pushing developer funding costs up. He then walks through what it means for people building, buying off-the-plan, investing in new builds and renting.

🔔 Subscribe and leave a comment with your questions. We build episodes around what YOU want to know.

General advice only and not personal advice. CRN 485467

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In this episode:

• Why Midland Brick is rationing bricks and what the $4 million Cardup reopening will (and won't) fix

• How private credit funds pulling back is pushing developer loans to 11 to 12%

• Why Perth rents stay high while unit approvals fall

• What a three-month build delay can cost, and the buffer to set aside

• Questions to ask your builder, plus checks for off-the-plan buyers, investors and renters

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Subscribe: https://youtube.com/@ThatBackyardPropertyPodcast

Instagram: https://instagram.com/backyardpropertypod?igsh=MWhkOWx5YzJxdDc3ag==

Website: https://tuskfinance.com.au

Connect with Michael:

Facebook: https://facebook.com/tuskfinancemk

Instagram: https://instagram.com/mortgageswmichael

LinkedIn: https://linkedin.com/in/michaelkilliner

TikTok: https://tiktok.com/@backyardpropertypodcast

Tusk Finance: [email protected]

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Chapters:

(0:00) RBA hike and 100 homes waiting on bricks

(1:45) One brick maker, now rationing

(3:25) Private credit pulls back

(5:20) Houses up, apartments down

(6:45) What a three-month delay costs

(7:25) Questions for your builder

(8:00) Off-the-plan, investor and renter checks

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Produced by Podwave Studios: https://www.podwavestudios.au

#ThatBackyardPropertyPodcast #PropertyPodcast #PerthProperty #PropertyInvesting #PerthRents #BuildingDelays #OffThePlan #ConstructionLoan #PrivateCredit #TuskFinance

Book a consult with Michael: https://calendly.com/d/cwrg-969-cjc

One bank might lend you $600,000 while another lends $720,000 on the exact same finances, and that gap can decide which property you end up owning. In this episode, Michael sits down with Brett Foster, mortgage broker at MoneyQuest, to unpack how lending really works for investors, upgraders and first home buyers in the current Perth market.

Brett and Michael work through a live strategy session on borrowing capacity, assessment rates, usable equity, debt recycling and why a sharp interest rate matters far less than securing the right asset. They then cover financing a renovation, selling to upgrade with subject to sale or bridging finance, and the schemes and sweet spots available to first home buyers in WA.

To finish, they bust the biggest lending misconceptions, including the 20% deposit myth, the credit card trap and the professions that can borrow 90% with no lenders mortgage insurance.

Essential listening for investors, upgraders and first home buyers who want to understand what banks actually look at before they say yes.

🔔 Subscribe and leave a comment with your questions. We build episodes around what YOU want to know.

General advice only and not personal advice. CRN 485467

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In this episode:

• Why getting the loan matters more than the rate. Whether you land at 6.5% or 6.8%, owning the asset is what determines investor success.

• How the 3% APRA assessment buffer, living expenses, leases, HECS and credit cards shrink borrowing capacity, and why lenders can differ by $120,000 or more.

• The difference between equity and usable equity, and how to release it as an interest only investment loan sitting in offset.

• How debt recycling and master limit facilities work, plus how to use two unlinked banks for a self-employed borrower.

• Upgrading in a slower market, with days on market stretching from about 10 to 26, and how subject to sale compares with bridging finance at roughly 7% to 9%.

• First home buyer sweet spots in Perth at $600,000 and $850,000, and why every $10,000 of credit card limit can cost about $380 a month in repayments.

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Subscribe: https://youtube.com/@ThatBackyardPropertyPodcast

Instagram: https://instagram.com/backyardpropertypod?igsh=MWhkOWx5YzJxdDc3ag==

Website: https://tuskfinance.com.au

Connect with Michael:

Facebook: https://facebook.com/tuskfinancemk

Instagram: https://instagram.com/mortgageswmichael

LinkedIn: https://linkedin.com/in/michaelkilliner

TikTok: https://tiktok.com/@backyardpropertypodcast

Tusk Finance: [email protected]

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Chapters:

(0:00) Cold open and welcome

(1:00) Why investors should look beyond rates

(4:00) The 3% assessment rate explained

(7:00) Is a $700 a week investment worth it

(11:00) Why valuations beat interest rates

(12:00) Usable equity explained

(18:00) Debt recycling and master limits

(22:00) Upgraders, renovate or move

(26:00) How to finance a renovation

(30:00) Subject to sale versus bridging finance

(37:00) First home buyer schemes

(41:00) The $600,000 and $850,000 sweet spots

(49:00) Biggest lending misconceptions

(54:00) 90% lending with no LMI

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Produced by Podwave Studios: https://www.podwavestudios.au

#PropertyPodcast #PerthProperty #PropertyInvesting #MortgageBroker #BorrowingCapacity #FirstHomeBuyer #DebtRecycling #HomeLoans #MoneyQuest

Book a consult with Michael: https://calendly.com/d/cwrg-969-cjc

97% of capital city suburbs lost value over the last three months, yet Perth's median house price is still up 17.7% on a year ago. Both are true, and reading the wrong one could cost buyers tens of thousands. In this mini, Michael Killiner explains where the market stood at the end of September and where he thinks it is heading.

Michael unpacks how the correction has spread from Sydney and Melbourne to the cities that boomed hardest, why Cotality and REIWA can both be right about Perth, and why the bank's valuation is now the number buyers should fear most.

🔔 Subscribe and leave a comment with your questions -- we build episodes around what YOU want to know.

General advice only and not personal advice. CRN 485467

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In this episode:

• National values fell 1.1% in September, the sixth fall in a row, and sit 5.2% below the March peak. Perth is down 6% from its April peak.

• It is a buyers' strike, not a fire sale. Sales are down 19.1%, stock on market is up 23.1% and fewer than 1% of borrowers are in negative equity.

• REIWA's 17.7% annual median shows where Perth has been, while Cotality's monthly index shows where it is heading.

• A 7% fall tips an $800,000 home with a $600,000 loan over 80% loan to value, which means mortgage insurance and a higher rate.

• A $600,000 Perth unit at a 5.2% yield earns about $31,000 in rent, roughly the interest on an 80% loan at 6.5%.

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Subscribe: https://youtube.com/@ThatBackyardPropertyPodcast

Instagram: https://instagram.com/backyardpropertypod?igsh=MWhkOWx5YzJxdDc3ag==

Website: https://tuskfinance.com.au

Connect with Michael:

Facebook: https://facebook.com/tuskfinancemk

Instagram: https://instagram.com/mortgageswmichael

LinkedIn: https://linkedin.com/in/michaelkilliner

TikTok: https://tiktok.com/@backyardpropertypodcast

Tusk Finance: [email protected]

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Chapters:

(0:00) Rate rise and the 97% stat

(1:00) September numbers by city

(3:00) A buyers' strike, not a fire sale

(5:00) Why REIWA and Cotality disagree

(6:00) Perth supply, rents and jobs

(8:00) Where the market goes from here

(9:00) Why bank valuations matter now

(11:00) Tips for buyers, sellers and investors

(14:00) What to watch next

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Produced by Podwave Studios: https://www.podwavestudios.au

#ThatBackyardPropertyPodcast #PropertyPodcast #PerthProperty #PropertyMarket #PropertyInvesting #HousePrices #InterestRates #Mortgages #TuskFinance #Cotality #REIWA

Book a consult with Michael: https://calendly.com/d/cwrg-969-cjc

Last week, Perth agent Shane Beaumont had four appraisals come in below what the owners paid, a first for him. In this episode, Michael Killiner sits down with Shane, Director at Haiven Property, to ask whether investors who bought in the last four years should sell, hold or ride it out.

Shane unpacks why he expects Perth to keep softening over the next 18 months, how he measures buyer sentiment at home opens, and how he talks sellers through falling prices. He also covers buyer agents, first home buyers waiting on the sidelines and why this cycle is different to the mining booms.

To finish, Shane opens up about parenting, building a sustainable career and what he is most proud of.

Essential listening for Perth owners, investors and first home buyers who want to understand what is really happening on the ground.

🔔 Subscribe and leave a comment with your questions. We build episodes around what YOU want to know.

General advice only and not personal advice. CRN 485467

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In this episode:

• Why Shane believes the next 18 months will be tough, and why Perth is still a great place to hold if you can ride it out.

• The question for investors who bought in the last four years. If you have no mortgage, why would you sell, and when does getting out make sense?

• Why almost no Perth property is positively geared once land tax, rates and mortgage costs are counted, with average yields around 3.9%.

• How Shane measures sentiment, from home open numbers to how buyers react when they miss out, and why it started shifting in February.

• How to talk to sellers who bought at the peak, and why digging into motivation matters more than chasing a price.

• The "would I buy it again" test, and why a bad investment should be a 24 month problem, not a 15 year one.

• Why first home buyers are pulling back, and why Shane likes established land with a house as a way in.

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Subscribe: https://youtube.com/@ThatBackyardPropertyPodcast

Instagram: https://instagram.com/backyardpropertypod?igsh=MWhkOWx5YzJxdDc3ag==

Website: https://tuskfinance.com.au

Connect with Michael:

Facebook: https://facebook.com/tuskfinancemk

Instagram: https://instagram.com/mortgageswmichael

LinkedIn: https://linkedin.com/in/michaelkilliner

TikTok: https://tiktok.com/@backyardpropertypodcast

Tusk Finance: [email protected]

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Chapters:

(0:00) Why the next 18 months will be tough

(1:00) Bought in the last four years, sell or hold

(4:00) Appraisals now coming in under purchase price

(5:00) Why no Perth property is positively geared

(7:00) What buyers feel and how to measure it

(11:00) Talking sellers through falling prices

(15:00) Would you buy it again

(16:00) Buyer agents and the end of the rush

(21:00) Why first home buyers are waiting

(23:00) Buy land, treat your first home as an investment

(25:00) Rent or buy, the Baldivis example

(28:00) What is different about this cycle

(30:00) Parenting and being present

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Produced by Podwave Studios: https://www.podwavestudios.au

#ThatBackyardPropertyPodcast #PropertyPodcast #PerthProperty #PerthPropertyMarket #PropertyInvesting #PropertyMarket #FirstHomeBuyer #RealEstate #HaivenProperty #PropertyAdvice

Book a consult with Michael: https://calendly.com/d/cwrg-969-cjc

The Reserve Bank has not decided yet, but the market odds of a Melbourne Cup Day hike just jumped from 27% to 41%. In this mini episode, Michael Killiner reads the bond market before the RBA speaks and gives his call on whether rates rise again on 3 November.

Michael explains how bond yields set your fixed rate, why the US 10-year above 5% matters here, what soft jobs data and a Deputy Governor warning really mean, and why youth unemployment is the hidden cost of a cooling market.

Essential listening for borrowers and investors who want to understand where their rate is heading next.

🔔 Subscribe and leave a comment with your questions -- we build episodes around what YOU want to know.

General advice only and not personal advice. CRN 485467

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In this episode:

• Fixed rates follow the bond market, not the cash rate. If investors sell and a $100 bond drops to $95, its yield jumps from 5% to around 5.3%, and banks fund fixed loans off those longer term yields.

• The US 10-year yield went above 5%, its highest since 2017, and Australia's sits around 5.25%. Sticky inflation, heavy government borrowing and higher oil prices are the drivers.

• Markets calmed after soft jobs data, then the RBA pushed back. Deputy Governor Andrew Hauser said inflation looks materially worse than forecast in August, lifting the odds of a Cup Day hike to 41%.

• Unemployment rose to 4.7%, but full-time jobs rose 34,000 while part-time jobs fell 73,000. Youth unemployment is 11.1%, and it can cut first year earnings by around 8%.

• Michael's call has changed. A November hike is now close to a coin flip, which would take the cash rate to 4.85%, with cuts unlikely before late 2027.

• Someone borrowing $600K at a 3% buffer could borrow about $657K at a lender using 2%, and new investors lose the tax relief that softens rate rises, so stress test on the pre-tax cost.

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Subscribe: https://youtube.com/@ThatBackyardPropertyPodcast

Instagram: https://instagram.com/backyardpropertypod?igsh=MWhkOWx5YzJxdDc3ag==

Website: https://tuskfinance.com.au

Connect with Michael:

Facebook: https://facebook.com/tuskfinancemk

Instagram: https://instagram.com/mortgageswmichael

LinkedIn: https://linkedin.com/in/michaelkilliner

TikTok: https://tiktok.com/@backyardpropertypodcast

Tusk Finance: [email protected]

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Chapters:

(0:00) Cup Day hike odds and four takeaways

(1:57) Bond yields explained simply

(3:37) Why US yields move your fixed rate

(5:12) Markets calm, then the RBA pushes back

(6:46) Unemployment hits 4.7%

(8:00) Youth unemployment by region

(9:06) The long scar of youth unemployment

(10:18) Michael's November rate call

(12:02) Borrowing power and lender buffers

(13:26) Why new investors feel hikes harder

(14:50) Fixed or variable right now

(15:40) Four step plan before 3 November

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Produced by Podwave Studios: https://www.podwavestudios.au

#ThatBackyardPropertyPodcast #PropertyPodcast #RBA #InterestRates #CashRate #BondMarket #NegativeGearing #PropertyInvesting #MortgageBroker #TuskFinance

Book a consult with Michael: https://calendly.com/d/cwrg-969-cjc

Most people waiting to buy at the bottom never get into the market at all. In this episode, Michael sits down with Ravi Sharma, founder of Search Property buyer's agency and host of the Personal Finance with Ravi Sharma YouTube channel, who amassed 13 properties before he turned 28.

Ravi opens up on how becoming a dad has made him a more defensive investor, why he started banking cash 18 months ago in case the market turned, and why he believes buyer's agents have just had their dot-com moment. He also shares where he's buying right now, why he would be buying in Perth if Victoria didn't look so good, and why the budget changes absolutely have not killed rentvesting.

To finish, Ravi explains the three things every investor should think about before buying, how he and his wife manage money as a couple, and what he's most proud of personally and professionally.

🔔 Subscribe and leave a comment with your questions -- we build episodes around what YOU want to know.

General advice only and not personal advice. CRN 485467

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In this episode:

• Waiting for the bottom rarely works. Buyers who hold off during FOMO and then wait for confirmation of the bottom often end up paying more than if they had bought on the first dip, or never buy at all.

• Think in decades, not months. Predicting where prices sit in six months is hard, but over 10 years property is priced in a dollar that will be worth less, which is why the buyers with capacity today are often the ones who later wish they had bought more.

• Don't confuse national headlines with your market. Ravi's recent Geelong purchase is worth more now than when he bought it, despite the budget changes. Victoria is attracting most of his clients' buying, and he says he would be buying in Perth if Victoria didn't look so good.

• Rentvesting is not dead. Tax benefits like negative gearing were always a by-product, not the reason to buy. Most well-located properties turn positive within about five years, and the hard part of owning is not the deposit but making 30 years of repayments without a plan B.

• Buyer's agents have had their dot-com moment. Ravi expects most to leave the industry within 12 months, with a handful of national players and some boutique agencies surviving, as good operators double down on systems, processes and value.

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Subscribe: https://youtube.com/@ThatBackyardPropertyPodcast⁠⁠⁠⁠

Instagram: ⁠⁠⁠⁠https://instagram.com/backyardpropertypod?igsh=MWhkOWx5YzJxdDc3ag==⁠⁠⁠⁠

Website: ⁠⁠⁠⁠https://tuskfinance.com.au⁠⁠⁠⁠

Connect with Michael:

Facebook: ⁠⁠⁠⁠https://facebook.com/tuskfinancemk⁠⁠⁠⁠

Instagram: ⁠⁠⁠⁠https://instagram.com/mortgageswmichael⁠⁠⁠⁠

LinkedIn: ⁠⁠⁠⁠https://linkedin.com/in/michaelkilliner⁠⁠⁠⁠

TikTok: ⁠⁠⁠⁠https://tiktok.com/@backyardpropertypodcast⁠⁠⁠⁠

Tusk Finance: ⁠⁠⁠⁠[email protected]⁠⁠⁠

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Chapters:

(0:00) Introduction: Meet Ravi Sharma

(1:18) How Becoming a Dad Changed Ravi's Investment Strategy

(4:19) Will We Regret This Moment? Why Waiting for the Bottom Fails

(7:31) Building Buyer Confidence Without the Hard Sell

(9:29) Banking Cash Early & Where Ravi Is Buying Now?

(13:40) Gut Feel vs Data & Building a Team You Trust

(17:02) Business, Family & How Ravi Manages Money as a Couple

(20:36) The Seminar That Started It All

(24:41) Why Ravi Is Finally Buying His Dream Home

(26:37) Has the Budget Killed Rentvesting?

(31:05) Buyer's Agents Just Had Their Dot-Com Moment

(35:01) 3 Things to Think About Before You Invest

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Produced by Podwave Studios: ⁠⁠⁠⁠https://www.podwavestudios.au⁠⁠

#PropertyInvesting #RaviSharma #BuyersAgent #Rentvesting #PerthProperty #AustralianProperty #PropertyMarket #RealEstateAustralia #ThatBackyardPropertyPodcast

Perth home values are down 3.2% from their April peak, but still up 15.6% on a year ago. In this mini episode, Michael Killiner breaks down how existing owners should decide whether to keep, sell or restructure: the marginal buyer question, how to sell well in a market with more stock, and the loan levers that often matter more than your rate, from resetting your loan term and checking your valuation to interest-only expiries, cross-securitised loans, the loyalty tax and whether to fix now.

🔔 Subscribe and leave a comment with your questions -- we build episodes around what YOU want to know.

General advice only and not personal advice. CRN 485467

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In this episode:

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-

-

-

-

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Subscribe: ⁠https://youtube.com/@ThatBackyardPropertyPodcast⁠

Instagram: ⁠https://instagram.com/backyardpropertypod?igsh=MWhkOWx5YzJxdDc3ag==⁠

Website: ⁠https://tuskfinance.com.au⁠

Connect with Michael:

Facebook: ⁠https://facebook.com/tuskfinancemk⁠

Instagram: ⁠https://instagram.com/mortgageswmichael⁠

LinkedIn: ⁠https://linkedin.com/in/michaelkilliner⁠

TikTok: ⁠https://tiktok.com/@backyardpropertypodcast⁠

Tusk Finance: ⁠[email protected]⁠

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Chapters:

(0:00) Intro: Perth Values Down 3.2% From the Peak

(1:03) Why Existing Owners Face the Bigger Decisions

(2:07) The Marginal Buyer Question: Who Buys Your Property?

(3:14) Soft Quarter vs Bad Asset: The Short-Term Trap

(3:48) Thinking of Selling? How to Avoid Costly Mistakes

(4:45) Your Loan Term: The $264 a Month Win

(5:27) Valuations, Interest-Only Expiry & Cross-Securitised Loans

(6:45) The Loyalty Tax & Should You Fix Now?

(7:53) Releasing Equity: More Options Than Selling

(8:24) Key Takeaways: Keep, Sell or Restructure

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Produced by Podwave Studios: ⁠https://www.podwavestudios.au⁠

#PerthProperty #PerthRealEstate #HomeLoan #Mortgage #InterestRates #Refinance #LoyaltyTax #PropertyInvesting #AustralianProperty #WARealEstate #OffsetAccount #InterestOnly #Equity #MortgageBroker #PropertyMarket #RBA #HomeOwners #ThatBackyardPropertyPodcast #PropertyPodcast #MichaelKilliner

Days on market in Perth have blown out from 8 days to 21, and sellers are still pricing like it is last year. In this episode, Michael Killiner sits down with Rowen Powell, Director of Verve Buyers Agency, to ask where the Perth market really sits right now and whether we will look back and wish we had bought more property.

Rowen unpacks over 7,000 listings, why a 3.7% pullback needs context after 15.6% growth, what makes a compromise asset, and why buyers are holding out for scarcity and forever homes. They also dig into the gap between appraisals and what buyers will pay, the risk of leaning on computer valuations, and what actually wins an offer in Perth today.

To finish, Rowen shares where he thinks the market lands in 6 and 12 months, and Michael looks at hold costs and whether forced selling could appear next year.

Essential listening for buyers, sellers and investors who want to understand how to make calm, calculated decisions in a wait and see market.

🔔 Subscribe and leave a comment with your questions -- we build episodes around what YOU want to know.

General advice only and not personal advice. CRN 485467

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In this episode:

- Why spring has not delivered the usual spike, with more than 7,000 listings and townhouses, apartments and outer fringe stock leading the increase.

- How to read a 3.7% drop since April when the previous 12 months delivered 15.6% growth, and why a wet winter and post-budget mood skew the numbers.

- What a compromise asset looks like, from busy roads and poor orientation to school zones and redevelopment risk, and why buyers now want a forever home.

- The valuation gap, where a $1 million appraisal becomes a $950,000 sale, and why that $50,000 tax-free difference keeps sellers on the hill.

- Why you should get more than one recent appraisal, and how computer valuations and bridging loans can leave sellers stuck.

- What wins offers now, including clean contracts, flexible settlements and rent backs, plus the traps of buying off market.

- Why the wrong house at a discount is still the wrong house, and how to stress test repayments and your offset buffer before you buy.

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Subscribe:

https://youtube.com/@ThatBackyardPropertyPodcast

Instagram: https://instagram.com/backyardpropertypod?igsh=MWhkOWx5YzJxdDc3ag==

Website: https://tuskfinance.com.au

Connect with Michael:

Facebook: https://facebook.com/tuskfinancemk

Instagram: https://instagram.com/mortgageswmichael

LinkedIn: https://linkedin.com/in/michaelkilliner

TikTok: https://tiktok.com/@backyardpropertypodcast

Tusk Finance: [email protected]

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Chapters:

(0:00) Will we wish we bought more property

(1:30) 7,000 listings and a wait and see market

(3:05) Replacement cost and the market floor

(4:30) A 3.7% drop after 15.6% growth

(5:50) What a compromise asset looks like

(8:00) Baldivis, Ocean Reef and a tiered market

(12:00) The $50,000 tax-free valuation gap

(14:20) Computer valuations and bridging risk

(16:15) What wins offers in Perth now

(19:15) The off market trap

(20:55) Where the market sits in 6 and 12 months

(22:40) Rates, hold costs and forced selling

(24:45) Longer home opens and days on market

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Produced by Podwave Studios: https://www.podwavestudios.au

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