In this episode, Billy and Andrew sit down with Dimitri Damianos from Buxton in Oakleigh to answer the question every buyer and seller is quietly asking right now: is the Melbourne property market actually falling, or just changing shape?
With ten years on the ground selling in Melbourne’s south-east, Dimi cuts through the media headlines to explain what’s really happening at inspections and auctions, why “wait for prices to drop further” is some of the worst advice a buyer can follow right now, and what the shift away from negative gearing and SMSF borrowing is doing to investor appetite. They also get into the emotional side of property that no spreadsheet can capture, and why timing your purchase around “readiness” beats timing it around the market.
If you’re sitting on the fence about buying or selling in Melbourne, this episode explains what’s driving the hesitation, why it might be costing you, and what to watch heading into spring.
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This podcast contains information that is general in nature. It does not take into account the objectives, financial situation, or needs of any particular person. You need to consider your financial situation and needs before making any decisions based on this information. This information is provided by Billy Amiridis & Andrew Nicolaou of 360 Financial Strategists Pty Ltd, authorized representatives and credit representatives of Akumin Financial Planning – AFSL 232706
Episode Highlights
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Why auction clearance rates have dropped to around 50% and what’s replacing the traditional auction
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The apartment slowdown: from four to five buyers per inspection down to one or two
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Why “I’m not buying because prices might come off” is the worst advice out there right now
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How the end of negative gearing and SMSF borrowing changes are pushing investors toward commercial property
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What buyers can do to negotiate respectfully and find out what comparable properties actually sold for
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Why emotional attachment to a home almost always outweighs the numbers, for both buyers and sellers
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Dimi’s read on where the Melbourne market goes from here as stock stays low heading into spring
