Real Estate Matters
About This Show
Real Estate Matters provides lots of information about ‘the game of real estate’. It is especially for new players.
So if you are a first time renter, first home buyer or first time investor this is podcast series is designed for you.
Toni Planinsek talks with lots of people - both professionals and beginners about all the different aspects of getting
into property. Through hearing the stories from both sides you will learn not only the basic real estate information,
but the tips and tricks of the trade. You will be able to move into property like a pro - independently and with confidence.
Most Recent Episode
Falling House Prices? - EP44
6 days ago
Is it true that house prices are falling? And if so, should you be worried about it? In this episode of Real Estate Matters, Toni Planinsek is back explaining some more of the real estate headlines hitting news outlets in recent weeks. One of the frequent themes is the fear that house prices will fall, especially off the back of the July 1st law giving first-time buyers relief from stamp duty. Toni explains that speaking about the housing market in general terms often belies the detail in more granular markets. She highlights a report showing that house prices in Melbourne between the 1900s and 90s only raised by 8% on average; but within that, some markets sharply increased and some declined. Toni gives examples of recent markets that deviated from the 2010-12 average decline of 10%; even in that period of overall decline, many markets were winners. Sometimes whether your home gained or lost value even depended on whether you own a house or unit! In this episode, Toni emphasizes that home and property ownership should be looked at as a long-term investment. She gives examples of factors that can have drastic effects on capsule markets, but stresses that things can change quickly. If you are caught by one of the “Three Ds” – death, debt, or divorce – buying and selling may be unavoidable, but outside of that, Toni suggests why even a slightly depressed market could be a good time to buy. Topics Covered Recap: the July 1st new legislation for first-time buyers, which relieves stamp duty on property Some of the current views on where the market will go with the new legislation How an average house price can mask more complex dynamics The average change in the selling price of Melbourne homes in the last century The “Three Ds” – and why they can be problematic for homeowners Figures from various markets in the 2010-12 decline How the apartment oversupply in Melbourne may affect house prices Other changes, some societal, that affect house price movement Why property should be thought of as a long-term investment Resources Mentioned: Property Data & Analytics from CoreLogic.com Articles from Domain.com