On Realty Talk, all star guests Dr Shane Oliver from AMP, Julia Newbould from Money Magazine and Mike Day from Hatch Roberts Day join Bushy Martin to talk about new build challenges, urbanising suburbs and when we can expect the RBA to pull the trigger on Australia’s booming property market.
House and land packages can seem very appealing to first home buyers and this is even more true in our current environment featuring the Home Builder scheme and a raft of other programs including First Home Buyer grants. But this is not for the faint-hearted. Why? Bushy begins this week’s episode of Realty Talk by chatting to Julia Newbould from Money Magazine who shares some valuable tips (and traps) of homebuilding.
Continuing on that note, there has been a substantial shift in demand for more affordable new build housing on the outskirts of Australian cities due to the number of new build grants and incentives current on offer. However, many traditional suburban housing estates lack the intimate neighbourhood experience that makes that of inner cities so attractive. Here to offer 5 key factors that can help transform these new areas by ‘urbanising the burbs’ is Mike Day, a partner at award-winning national urban planning and design consultancy Hatch Roberts Day.
To round off this week’s episode, we talk about the fact that despite an increase in new property listings and a bottoming in fixed mortgage rates, home price gains remain very strong, with rising sales activity matching the increase in new listings. Housing finance commitments are at record highs, yet the question is: how long will the RBA allow this to continue and will they intervene? Head of Investment Strategy and Chief Economist with AMP Capital, Dr Shane Oliver answers this important question.
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