Is the property collapse finally here?

In this Australian Property Podcast episode, your hosts Pete Wargent from AllenWargent Property Buyers and Chris Bates from Alcove mortgage specialists talk through the big 3 property news stories of the week. They discuss: 1 – Weak GDP greenlights July rate cut 2 – Farms and land achieving big prices 3 – Why the Aussie property market is crashing Listener Q&A 1 - Question – from PF I’ve got one for you Pete Wargent - purchasing property to run a business out of. Tax implications? Other considerations? Zoning etc. 2 – Informed I’ve been looking to buy my first apartment in Melbourne. I am worried about buying and then being given levies or significantly increased OC fees. I’ve heard advice to buy either before the year 2000 or something new that is just over 5 years old and to avoid stackers/cladding issues. Is there anything else I can do to avoid this? Will a building inspection help? 3 – Chris Hi all, great podcast! I look forward to every episode! While doing some property research for a purchase in Perth WA I came across dual key properties which I had never heard of before. Two houses under one roof, separate power meters and separate water meters. Most seem to be 3 bed two bath and a smaller 1/2 bed, one bath. They appear to have great yields. I would love to hear your opinions or thoughts on these types of property’s 4– Barbie Hello, How do you see small regional towns (for instance Dalby) as an investment opportunity? currently there are houses below 400k in the area. Resources and articles references this week The Reserve Bank should lower the cash rate to 3.5pc next month Despite a genuine boost to real disposable incomes, Australian consumers are unwilling to loosen the purse strings in a meaningful way. Weak GDP gives green light for July rate cut Former AFL star pays $250m for farm with space for 1290 homes A patch of grass in Toorak has quietly hit the market for $40 million. Why is the Australian property market collapsing?Aussies turn bullish on house prices Rask Resources Pete's Buyers Agency: https://www.allenwargent.com.au Alcove mortgage broking: https://www.raskmedia.com.au/services/mortgage-broking Amy Lunardi Buyers Agency (Melbourne) www.amylunardi.com.au All services: https://bit.ly/R-services Financial Planning: https://bit.ly/R-plan Invest with us: https://bit.ly/R-invest Access Show Notes: https://bit.ly/R-notes Ask a question: https://bit.ly/R-quest DISCLAIMER: This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser. Access The Rask Group's Financial Services Guide (FSG): https://www.rask.com.au/fsg #property #australia Learn more about your ad choices. Visit megaphone.fm/adchoices