Ep 18: The Current State of the Property Market

Links: Join our upcoming FREE MasterClass on October 16, 2021: https://propertymastermind.ac-page.com/october-16-free-property-development-masterclass   Things have been changing so fast in the Australian property market of late. Previously you might look at statistics every 3-6 months, these days changes happen monthly, sometimes even weekly. To help everyone stay updated, I invite Bob Andersen — the man, the myth, the legend of property development - to break down and explain what is happening in the property market as he does for our community every month. We’ll go over the current growth, the sales volumes, the rental rates and yields as of September 2021. Be prepared to get a lot of stats and numbers, but expect that we’ll throw in some interesting insights that will surely give you a clearer view on what’s going on amidst all the crazy we are seeing. What are you waiting for? Jump in, and let’s start our discussion for today!   Episode Highlights: Introduction [0:00] Bob’s reliable sources of statistics and figures [2:58] Australia’s residential property market update [4:44] How COVID affected the numbers [5:43] What’s the value of the residential real estate in Australia at present [6:51] The residential property market in comparison with the commercial property market in Australia [7:40] The actual picture of growth in percentage for the residential property market all around Australia [8:45] The annual and quarterly change in Sydney [10:27] How the lockdown has affected the property market in Sydney and Melbourne in the last quarter [11:38] How about Brisbane’s property market? [12:35] Updates on Adelaide’s property market [15:06] What about Hobart’s property market? [16:23] Let’s talk about Darwin’s & Perth’s property market [18:31] The effect of price changes on the renting market [20:57] What is the biggest issue with property? [23:37] Parents who are into property development can set up their children quickly [23:58] It’s never too early to start property development [25:17] All about rental yields [26:33] About Vendor Discount Rates [29:03] What happened with the vendor discount rates in Darwin [31:17] How do auctions affect vendor discounts? [32:40]   About Bob Andersen: Bob Andersen is the founder of Property Mastermind; he is a member of a select group of Australian property developers who have been involved in over $1 billion in successful development projects over the last three decades. Bob’s success in property development has become life-changing, and he wants to share his knowledge and experience with everyone who is willing to learn the secrets of property development. Property Mastermind exists because it gives him great satisfaction to see students get massive changes in their finances and lifestyle.   Resources: If you’re interested in winning a free copy of the book “Secrets of Property Millionaires Exposed”, go ahead and leave a comment or send me an email. We’d love to hear from you! Every week, Hilary is inclined to give away a free coaching session. Feel free to send her an email at [email protected] If you liked this episode, or have any comments and/or suggestions on how we can make this better, don’t hesitate to send us an email. For questions/things you’d like us to cover and discuss in this podcast, again, you can send an email at [email protected]   Connect with Hilary Saxton: Property Mastermind Facebook: https://www.facebook.com/PropertyMastermind Property Developer Secrets and Hacks facebook group: https://www.facebook.com/groups/2581187315284341 Hilary Saxton Facebook: https://www.facebook.com/HilarySaxtonCoach Instagram: https://www.instagram.com/hilarysaxtonproperty/ LinkedIn: https://www.linkedin.com/in/hilary-saxton/ YouTube: https://www.youtube.com/channel/UCt31KlQu9azoojEHPLvXgmA Property Mastermind Website: https://www.propertymastermind.com.au/   It has been a pleasure! And we look forward to seeing you in the future episodes!See omnystudio.com/listener for privacy information.See omnystudio.com/listener for privacy information.