338 - Mortgages & Finance Update ft. Sam Carrello

In this episode of the Perth Property Show, host Trent Fleskens discusses the forecasted rate cuts and their implications with top mortgage broker Sam Carrello. Together, they explore the expected reduction in cash rates by the RBA, the banks' responses, and the impacts on mortgage serviceability and housing affordability in Perth. Topics include predictions for rate cuts, their effects on borrowing capacity, the role of demand and supply in the property market, and various government schemes like Help to Buy and the First Home Guarantee. Carrello also provides practical advice for first-time buyers navigating the current market landscape.