Property prices are dropping and first home buyers are ecstatic!

Is it too good to be true? ...Well, you guessed it.

As tempting as the price drop of homes in the suburbs sounds, not all "opportunities" are what they seem. Worse–some of these might even pose a problem for you in the long run.

In today's episode, we're discussing whether chasing these bargains are going to be worth your while!

We also discuss the warning signs to watch out for when buying cheaply-priced homes, the scarcity factor of properties in the suburbs, and what determines the price growth of properties in an area!

If you enjoy the show, do like, rate, subscribe, and share it with others! We have loads of resources available and if you'd like to chat, email us at [email protected]!

We'll see you on the inside!

Episode Highlights:
1. What's going on in the Australian property market [03:28]
2. Falling house prices in the suburbs [06:01]
3. History is a good predictor of the future [07:39]
4. Factors that affect property demand [11:07]
5. How can the scarcity factor affect prices? [17:12]
6. Opportunities for development in the suburbs [19:11]
7. Statistics are not always reliable [21:00]
Links from the Show:
If you enjoyed today's podcast, don't forget to subscribe, rate and share the show! There's more to come, so we hope to have you along with us on this journey!
How ready are you to buy your first home?

Veronica Morgan & Meighan Wells 

Veronica & Meighan are both licensed real estate agents who exclusively help buyers. Together they have nearly 40 years experience as property professionals.

Veronica is principal of Sydney based Good Deeds Property Buyers and is also co-host of The Elephant in the Room property podcast as well as Location Location Location Australia on Foxtel and author of Auction Ready: how to buy property at auction even though you're scared s#!tless!

Meighan is the multi award winning principal of Brisbane based Property Pursuit, chairperson of the REIQ Buyers Agent Chapter & a regular media commentator.

We are here to guide you through your home buying journey

How ready are you to buy your first home?