This time on The Property Couch, Bryce Holdaway and Ben Kingsley talk about the hot topic of the month! Should we buy in a boom and are we in a property bubble? It is undeniable that there’s definitely a boom in Sydney and Melbourne is not far behind and we often received enquiries on how to buy in these two state. Well, the question should be more around is it wise to buy in these states? Bryce and Ben has spoken before about buying Counter Cyclical and this time they explain further why they don’t think it is good to join the bandwagon of investors and home buyers in these areas.
Bryce and Ben will be discussing about the new changes implemented by APRA (Australian Prudential Regulation Authority) as well. This is especially crucial for investors that have done a pre-approval. The final topic discussed today is whether Australia is in a Property Bubble. A great analogy by our hosts is we are not in a bubble, perhaps more like a balloon. Interested to know what they meant? Listen to this podcast to learn more.
Resources mentioned in this podcast:
- Should you be a Borderless Investor
- How To Spot A Property Spruiker?
- Renovation does not equal Riches
- Top 10 Suburbs in Sydney in 2003 and what happened to them in 2007?
Thanks again for all of our listeners out there. If you like this podcast: “Should we buy in a Boom & are we in a Property Bubble?”, don’t forget to rate us at our iTunes channel (The Property Couch Podcast) and our Facebook page. If you have any questions or ideas, feel free to drop us your thoughts here: http://www.thepropertycouch.com.au/topics/