354 - Mortgages & Interest Rates Update ft. Sam Carrello

In this episode of the Perth Property Show, host Trent Fleskens interviews Sam Carrello, a top mortgage broker, about the current state of the Western Australian property market. They discuss the record low stock on market, the impact of recent RBA rate cuts, changes in the first home loan deposit scheme, and adjustments in the way hex debts are assessed. With the stock of available properties dwindling to below 3,000 and prices rising, the conversation also touches on the increasing demand driven by more favourable lending policies and government schemes. Sam and Trent delve into the competitive landscape, especially in the sub-$1 million property segment, and offer advice on how potential buyers can optimize their financial positions and leverage current market opportunities.