Should You BUY NOW?! Interest Rates & The CRAZY Housing Market Explained

Published 2024-05-21
This episode of Finance in Five tackles the wild Australian housing market, offering insights for viewers feeling lost in the chaos. It explores the impact of rising interest rates, alongside surprising growth in some suburbs and a record-breaking mansion sale. The episode unpacks the "double-edged sword" of stable interest rates, which might not lead to falling prices. It dives into how migration is affecting rental markets and identifies suburbs experiencing explosive growth. The show even suggests these booming suburbs, despite potential commute drawbacks, could be a strategic move for first-time homebuyers. Don't miss out on these insights - find out if your dream home might be smaller (and cheaper!) than you think!

For more info www.huntergalloway.com.au/

House Price Growth: The episode cites a source (www.realestate.com.au/news/house-price-growth-tipp…)

Migration Hotspots: The episode examines a link (www.corelogic.com.au/news-research/news/2024/the-b…)

Booming yet Affordable Suburbs: This link (www.realestate.com.au/insights/affordable-city-sub…)

Locations with Fewer First Home Buyers: The episode discusses a report (www.realestate.com.au/news/australian-real-estate-…)

Record-Smashing Home: Buckle up, the episode dives into a Sydney mansion listed for over $200 million (www.realestate.com.au/news/aussie-johns-point-pipe…!

DISCLAIMER:

Full Disclaimer here –

www.huntergalloway.com.au/youtube-disclaimer/

www.huntergalloway.com.au/mortgage-broker-brisbane…

For home loan enquiries
www.huntergalloway.com.au/contact/

Find Jayden here:

www.huntergalloway.com.au/free-assessment/

www.facebook.com/MortgageBrokerBrisbane/

www.huntergalloway.com.au/mortgage-broker-brisbane…

au.linkedin.com/in/jaydenvecchio

T: 1300 088 065

E: www.huntergalloway.com.au/contact/

00:00 Should You BUY NOW?! Interest Rates, SURPRISE Suburbs & The CRAZY Housing Market Explained
00:44 Interest rates going up in 2024?
04:38 Migration hotspots and impact on housing trends
08:14 Affordable yet booming suburbs
12:08 Locations where there are fewer/more first-home buyers
16:30 Record-smashing home
17:40 Conclusion

Mortgage Broker Brisbane - Hunter Galloway
Head Office: 3 Latrobe Tce Paddington QLD 4064
PO Box 841, Paddington QLD 4064
CBD Office: Level 20, 300 Queen Street Brisbane, QLD 4000

Hunter Galloway are an Award Winning Mortgage Broker based in Brisbane. We help clients from our local area, Australia, and all over the world. We believe buying a home should be stress-free and uncomplicated, and we will work for you to make your dreams become reality.

Next steps and settling your first home

Our team here at Hunter Galloway is here to help you buy a home in Brisbane. Nathan & Joshua Vecchio are Senior Mortgage brokers who specialise in making your home journey easy.

Unlike other mortgage brokers who are just one person operators, we have an entire team of experts to help make your home loan journey as simple as possible.

If you want to get started, please get in touch and we can book a time that suits you – either a phone call information session or a face to face meeting (which doesn’t cost anything for you).

www.huntergalloway.com.au/contact/

All Comments (21)
  • @Josephbasta827
    I lost over $70k when everything started to tank. Not because I was in an exchange that went belly up. I was just stupid to hold and because that's what everyone said. I'm still responsible. It just taught me to be a better investor now that I understand more of what could go wrong. It took me over two years of being in the market, I'm really grateful I found one source to recover my money, at least $15k profits weekly. Thanks Patricia Annie Brooks
  • @AveryFossen
    Mortgage rates are currently at an all time high since 2000(23 years) and based on statistics on inflation, we might see that number skyrocket further, a 30-year fixed rate was only 5% this time last year, so do I just keep waiting for a housing crash before buying or redirect my focus to the equity market.
  • @markovasil1608
    Melbourne prices have gone higher 10-15% since 2017. That’s 2% a year! Negative gearing vs interest rates about 3%, CPI at 3% plus maintenance cost/rates etc. Property needs to go up 10% per year to be worth it! Once investor wise up property will drop or stagnate over a large period of time
  • Hey Hunter Galloway, I just watched your video and I must say that it was really informative and well-made. I was wondering if I could help you edit your videos and repurpose your long videos into highly engaging shorts? I can also make high CTR thumbnails for your channel
  • We bought our house in a Logan suburb 2 years ago for 550. We were a little bummed because we thought we were likely buying at the top of the market after the covid boom. I had friends advising it might be worth waiting for the “surely oncoming price correction”. The estimated value dropped slightly for two months and has since jumped up to be valued between 664-723, but we have been seeing similar houses being snapped up for 700+ mostly by big immigrant families who need the bedrooms. Glad we didn’t wait!
  • @BigCgull
    I feel some of these suburbs mentioned in BNE are due for an urban renewal phase. The core infrastructure already exists as well as public transport. A Lot of these homes unfortunately are well over priced, I guess this is the reality of all major cities and the city boundaries expanding so quickly.
  • @marcelabadim
    Excellent and very informative. Thanks for sharing!
  • @ricecrash5225
    Went to an open home today in Brisbane. 3br, 2 car park townhouse. Average quality place in Morningside listed from $800k . Would have had 40 groups through. Insane.
  • You do not need to have a property portfolio, a house is just somewhere to live.
  • I think Might end up with high prices and could be hard to sell later on or they might go down.
  • @dilipmavireddi
    Raise it till you see it disappear in the sky… guess learning to live in tents! Is much better
  • @ausroyal
    Great info! I have a HUGE deposit, no debt and still can't get approval for enough to buy a small home for me and my family :(
  • @flynn6415
    My advice is if you can get in the market, get in the market...
  • @gus5966
    Waiting for crash and buy house in new farm on 1 acre for 50k
  • @TheHappyCoder
    Bring it on. Let them skyrocket, so that the government will finally move their asses.