First homebuyer FOMO hitting housing market?

In this Australian Property Podcast episode, your hosts Pete Wargent of AllenWargent Property Buyers and Chris Bates of Alcove mortgage specialists talk through all the latest property market news. They also answer a few of your questions in the Listener Q&A at the end. 1 – How do people keep bidding prices higher? 2 – Stamp duty burden hits new record 3 – 1 in 6 have a deposit for FHB scheme Listener Q&A 1 - Ben I know you don't have a crystal ball and can't guarantee anything but I'm after an honest second opinion. The real estate agent (that manages it as a rental) suggested I should still sell it in August. 2 - Danny What are your thoughts on the Canberra property market? I'm heavily invested in Canberra property and not sure why with low unemployment and high incomes the territory is lagging behind like Melbourne. Is it due to work from home? 3 - Coffee Hey Lads, Will GenX and Millennials step up and take over the property market investment side of things like the boomers did. Or are they more inclined to go for Shares & Super - BitCoin etc and only dabble in property over the next decade. Resources for this episode Cameron Kusher – how do prices keep getting bid higher? Australian National Accounts – Finance and Wealth Why FOMO has just hit the housing market Stamp duty burden hits new record – HIA Median stamp duty bill hits record – The Australian 1 in 6 have a deposit for FHB scheme 1.2 million homes target – the challenges ahead Sale of new homes hits 13-month high Auction market heats up Monday market recap – Cameron Kusher CFR no change to stance Canadian home sales drop almost 10% – Financial Post Population growth reaccelerates – Pete Wargent Rental crisis is ongoing – MacroBusiness Aussies want to live in housing, not apartments – MacroBusiness What does the median value property actually buy you? – Cameron Kusher Why Queenslanders might start moving to Victoria – MacroBusiness Additional 18,500 Queensland construction workers won’t be enough – AFR Big super’s cold feet stall Labor’s $10b housing plan – AFR 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 Learn more about your ad choices. Visit megaphone.fm/adchoices