Show Notes
Should you buy a home while Australian property prices soften, or wait for a clearer signal? On the Australian Property Podcast, Owen Rask talks with Chris Bates of Alcove about the decisions facing first-home buyers and upgraders. Their starting point: there is no single Australian housing market, and a cheaper asking price does not automatically make a property a better buy.
Chris explains why Sydney and Melbourne may move differently from Brisbane, Adelaide and Perth, and why investor-heavy apartments or regional hotspots deserve a closer look. He and Owen discuss the difference between broad market headlines and the street, building and home you actually want to own. Building costs, housing supply and borrowing capacity all complicate the idea that falling prices instantly solve affordability.
If you are upgrading, they explore why the price gap between your current home and the next one may matter more than either price on its own. For first-home buyers, Chris suggests starting early: understand your borrowing options, gather documents and bank statements, and work out which property compromises you can live with before a desirable home appears. They also explain why a well-located, broadly appealing home may still draw competition in a quieter market.
This conversation is not a call to buy immediately or wait indefinitely. It is a practical way to think through your budget, local supply, the quality of a property and the choices you can make before you are under pressure to act.
~~ Disclaimer ~~
This podcast contains general financial information only, issued by The Rask Group Pty Ltd, and shouldn't be relied upon. This podcast shouldn't be relied upon because it does not consider your needs, goals or objectives. Speak to your financial adviser first. Read Rask's FSG at www.rask.com.au/fsg to learn more about us. Always read the PDS and TMD before acquiring any financial product mentioned in this video. Past performance is not always indicative of future performance.
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Disclaimer
The information in this episode is provided by The Rask Group Pty Ltd and contains general financial product advice only. It does not take into account your objectives, financial situation or needs.
Before acting, consider whether the information is appropriate for you and consider seeking personal advice from a licensed financial adviser. You can read our Financial Services Guide at www.rask.com.au/fsg. If a financial product is mentioned, consider the relevant PDS and TMD, where applicable, before making any financial decision.
Past performance is not a reliable indicator of future performance. Returns are not guaranteed and capital may be at risk.
The Rask Group Pty Ltd is a Corporate Authorised Representative No. 1280930 of Rask Licensing Pty Ltd, AFSL 563 907. Learn more about your ad choices. Visit megaphone.fm/adchoices
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