With so many interest rate rises hitting mortgage pockets this year, there is various commentary on when they will stop, slow down or continue for the foreseeable future. However, will interest rate rises put a halt to buying property? Should home owners wanting to sell be nervous, or buyers needing a mortgage be concerned? Today we are going to find out how we can strategise your ability through interest rate changes.
Luke Piccolo, Director of Woodards South Yarra, is a member of the REIV, the REIA and at least 2nd generation real estate agent. He is passionate about the Woodards Foundation, that paves the way for corporate social responsibility, and received a REIA national award in 2021 for his excellence in community service.
1. When do you think interest rates will stabilise?
2. What interest rate should home buyers be comfortably be able to pay with the current uncertainly?
3. What are you hearing about bank pre-approvals? Are they reducing the pre-approval time based on the anticipation of interest rate rises, which makes buyers have a sense of urgency to buy?
4. How has the market reacted to the uncertainty of interest rate rises? Do we have certain sectors of the market playing the 'wait and see' game?
5. There are always the 5 D's that keep the real estate market - Death, Divorce, Debt, Distance and Deadlines - this kind of market really takes away those who are 'testing the market' or on the fence to make a change...are you finding the same?
6. What are your best strategies for buyers who are navigating these interest rate rises?
7. Do you have any strategies for vendors looking to sell?
Contact Luke Piccolo by email at: lukepiccolo@woodards.com.au
by phone: 0412 951 273
or head to the website:
https://www.woodards.com.au/office/south-yarra
Need Copywriting?
Call the 'Real Copy Right' Hotline:
(03) 5977 8889
Email: orders@realcopyright.com.au
Website: www.realcopyright.com.au
Replay Ep78: Nello Trafficante - Using Your Equity to Buy an Investment
Replay 61: Tonya Davidson - Tips When You’re Preparing Your Home for Settlement
Replay Ep42: Nicole Jacobs and Barry Sloan - Auction Tactics
Replay Ep23: Josh Hommelhoff - The Pros and Cons of Short and Long Settlements
Replay Ep16: Zali Reynolds - What To Look For in Your Advertising Schedule
Replay Ep 120: David Banks - Should I Buy First or Should I Sell First?
Ep155: Sophie Lyon - An Update on the Residential Tenancy’s Act and Paying Bonds Online
Ep154: Frank Valentic - Spring Auction Strategy
Ep153: Rhys Jaconley - Case Study: Buying Your First Investment Property
Ep152: Megan Taylor - How to Apply for Your First Rental Property - Understanding Both Sides of the Story
Ep151: Michael Hain - Security Options - What You Need to Know
Ep150: Cynthia Peretz - How Women Can Feel Empowered to Buy Property
Ep149: Case Study - Beau and Thy Vinar - Customising a Display Home to Make It as Individual As You
Ep148: Dean Davis - Transforming Your Kitchen on a Budget When You Want to Sell
Ep147 - Goro Gupta - How To Create High Cash Flow Investments
Ep146: Jim Malamatinas - Finding a Viable Development Site
Ep145 - Evan Davis - What Is Bridging Finance?
Ep144 - Case Study: Applying for Numerous Rental Properties and Getting No Where
Ep143: Phil Mammolito - Buying a Business
Join Podbean Ads Marketplace and connect with engaged listeners.
Advertise Today
Create your
podcast in
minutes
It is Free
Navigating Life After 40
Teaching Learning Leading K-12
Regenerative Skills
The Jordan B. Peterson Podcast
The Mel Robbins Podcast