Are we going to fall off the fixed interest rate cliff?… Is there anything to be concerned about for borrowers and the Perth property market?

Listen to today's episode to find out from an expert, Nick Aves from Purely Finance. 

I'm really excited to pull this apart and take a deep dive into what the stats are telling us and what we are both seeing from our clients. 

So let's go inside.

 

Resource Links:

• Get in touch with Nick Aves and Purely Finance (https://www.purelyfinance.com.au/) 

• Join the Perth Property Investment Facebook Group (https://www.facebook.com/groups/perthpropertyinvestors)
• Join Jarrad Mahon’s Property Investor Update (https://www.investorsedge.com.au/join)
• For more info on our award-winning and highly rated Property Management services that give you guaranteed peace of mind (https://www.investorsedge.com.au/perth-property-management-specialists/)
• For more info on how our Property Sales services can ensure you get the best selling price while handling all the stress for you (https://www.investorsedge.com.au/selling-your-perth-property/)
• Get Jarrad’s strategic advice towards your property purchase and development plans (https://www.investorsedge.com.au/invest-in-perth-property/)

 

Episode Highlights:

1. Intro [00:00]
2. Nick shares the current situation of fixed-rate mortgages [01:38]
3. Average size of home loans in Australia in the past [06:12]
4. How are people coping with their current living expenses? [09:00]
5. People make every effort to ensure their mortgage payments are met. [13:46]
6. How are first-time homebuyers affected by low-interest rates? [15:38]
7. Interest rates are expected to peak and then decrease again. [19:38]
8. What impact do interest rates have on the housing market? [22:12]
9. What is the present condition of the Australian home loan market? [27:12]
10. What is the future outlook for the housing market? [29:23]
11. Outro [32:53]

 

About the Guest:

Nick began his career in finance more than 30 years ago as a trainee. His natural ability and interest saw him move up quickly into more substantial roles within the banking industry until he was in charge of more than $65 million in complex business lending portfolios.

Nick’s devotion to his work has seen him receive PLAN Australia’s Sales Master Award every year since its establishment in 2005. He was also recognised in the MPA top 100 brokers of Australia in 2007. Nick firmly believes in the value of getting your finances in order with the correct investments, loans, and insurance to enable you to spend more time doing the things you love, which in his case involves setting sail upon the Indian Ocean.

 

Thank you for tuning in! If you liked this episode, please don’t forget to subscribe, tune in, and share this podcast.

 

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