Is Now The Best Time To Buy Property In Australia? - No BS Property Show #1

A house on the Central Coast sold for 15.85 million in 2023 and 8.35 million in April this year. Dan Beardall and Josh Yun use it to open an argument that this could be the cheapest property gets in their lifetime, and that the buyers being hurt hardest are the ones the budget was supposed to help.

The first episode of the No BS Property Show, a series inside Bothsides on property, investing and what to do before your next move.

What you will learn:

- What removing negative gearing on established stock did to borrowing capacity, and why the 5 percent deposit buyers ended up in negative equity

- Why they argue sentiment moved this market harder than the policy itself

- The 40 year growth data they walk through, including the worst annual fall on record

- Why the capital gains rules now push people towards buying an owner occupier, even at a stretch

- Why the price guide is a guide, and how to read a listing that has sat for 200 days

Chapters

00:00 The Central Coast house that went from 15.85 million to 8.35

02:31 The 5 percent deposit scheme, and the buyers now in negative equity

05:03 Why sentiment moved the market harder than the policy did

07:34 Forty years of growth data, and the worst year on record

10:07 Sydney down 0.4 percent in a month, and why the top end falls further

12:38 Seventy percent equity nationally, and who rate rises actually hurt

14:44 Selling a million dollar investment to buy a two and a half million dollar home

17:41 Catching a falling knife: bought before sold, with a deposit at risk

20:13 Why the capital gains change now favours the owner occupier

22:43 The essential worker who cannot buy where they work

25:15 Established with upside against brand new, on real numbers

27:47 Banks want a full valuation again, and what that does to your competition

29:10 Eight open homes, fewer than eight people through all of them

31:52 A 200 day listing, a divorce, and the gap to the data

34:33 The acreage guide that fell from 2.5 million to 2 million

36:48 House and granny flat, and why that yield holds up

39:54 Company structures, and why most buyers should keep it simple

41:45 The SMSF change, and who it actually stops

45:17 The price guide is a guide

47:59 Use the leverage you have, even if it takes a guarantor

Dan and Josh Yun buy on the numbers, whatever the headlines say. Property should work the same way.

Most properties only make money if the market does. The ones that pay for themselves from the day you settle are bought differently, and it comes down to four points.

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Bothsides:

◼️ The weekly email - https://bothsides.au

◼️ Bothsides Buyers Agency - https://www.bothsidesbuyersagency.com.au

◼️ Dan - https://www.instagram.com/daniel_beardall/

◼️ Watch on YouTube - https://www.youtube.com/@bothsidespodcast

General information only. Not financial, tax, legal or credit advice. Bothsides is not a mortgage broker or credit provider.