Welcome, or welcome back everyone.

We hope you've been enjoying the new format, we have loved bringing you these longer form episodes discussing current industry updates, along with the education episodes on Monday and Friday.

So this week, a couple of larger news items, so lets jump in a take a look,

An REA (realestate.com.au) article noted that unemployment is up, but it’s hitting renters not the owner occupied market - i.e higher risk to investors. So we shouldn’t see the effect everyone was thinking, which confirms our discussion in episode # September cliff episode where we mentioned, home owner will do everything that can to make the repayments.

CBA (Commonwealth Bank of Australia) has come out and revised their forecast of property prices. If we remember just a few months ago, there we article headlines noting a 30% drop! The world is ending. This confirms, from the largest bank in Australia, that no it's not, and it's barely even a correction, at 6%.

So things, don’t seem that bad and it seems very concentrated, compromised properties, isolated areas with not much infrastructure etc. which is why we don't recommend these locations

This takes us to our point that there are markets, within markets, within suburbs within streets even.

Let's take a test to see how much you know about your suburbs - how far, can you drive or how much do you know. I.e Glen Iris has 25,000 houses….

We hope you enjoyed this one, we enjoyed creating for you and if it was of value, it would be amazing if you gave us a review and subscribed so you can find out when the next show is available. 

Thanks again and catch you next time. 

The Property Heroes

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We release a few different episodes a week

Monday - A short rapid fire educational episode about property/real estate

Wednesday - A longer form, conversational episode talking all thing property and finance.

Friday - A short rapid fire educational episode about finance. 

If you have any questions or any comments, it would be great to hear from you [email protected] or you can reach us through our social.
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Website: https://www.letsbuyproperty.com.au/