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
Ep86 - Town Taster - Heatherton
Ep85 - Matt Srama - Melbourne Buyers Looking for the Queensland Ray of Sunshine
Ep84: Ash Marton - Understanding the Statement of Information
Ep83: Andrew Butler - Sewerage vs Septic: Know Which Suburbs Still Have Septic When Buying a Property
Ep82: Zhi Goh - Vacate Cleaning - What's the Best Way to Get Your Bond Back
Ep81 - Town Taster- Fitzroy
Ep80: Sophie Lyon - Signing a Tenancy Agreement - What to Look Out For
Ep79: Frank Valentic - Signing An Exclusive Sales/Auction Authority - What to Look Out For
Ep78: Nello Traficante - Using the Equity in Your Home to Buy an Investment Property
Ep77: Angelo Soldatos - It's Just a Board - Things We Need to Know When Putting Up a Board
Ep76: Kiani Mills - What Type of Deposit Can You Use to Buy a Property?
Ep75: Town Taster - Heathmont
Ep74: Nicole Jacobs - Choosing the Right Vendor Advocate for You
Ep73: Evan Davis - The Difference Between a Bank and a Mortgage Broker
Ep 72: Bill Pastou - The Importance of a Pre-Purchase Building Inspection
Ep71: Josh Summers - Flipping Properties
Ep70: Town Taster - Point Cook
EP69: Sophie Lyon - Residential Tenancy Bonds - What's the Procedure from Start to Finish
Ep68: Kiani Mills - Stamp Duty Concessions
Ep67: Frank Valentic - Top 10 Questions You Should Ask Your Agent When Buying Property
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