This week, we continue with part two of our East Coast property market update, once again joined by Cate Bakos. In this episode, we delve into the nitty-gritty of what your budget can buy in Sydney, Melbourne, and Brisbane, as the market shifts through 2024. From first home buyers eyeing properties in the $600k-$700k range to those with budgets up to $1.5 million, we break down the opportunities and challenges each city presents.
 

We start with Melbourne, where Cate shares insights on how infrastructure projects are shaping affordable areas, particularly in the outer suburbs. Then, we head to Brisbane, where increasing competition and unique risks—such as black soil issues—require careful consideration for buyers, especially in the $700k-$800k bracket. Finally, we turn to Sydney, where the market remains highly competitive, and buyers with budgets below $1 million will face difficult choices between apartments and older homes in outlying suburbs.

Tune in to find out how these three markets compare, what to watch out for, and where the best value for money can still be found.

Episode Highlights:
00:00 - Introduction
02:19 - Buying a property in Melbourne, Brisbane and Sydney for $600k - $700k
09:08 - Buying a property in Melbourne, Brisbane and Sydney for $700k-$800k
13:41 - Buying a property in Melbourne, Brisbane and Sydney for $800k - $1 million
21:57 - Buying a property in Melbourne, Brisbane and Sydney for $1.1 million - $2 million
25:15 - Investment strategies and property selection in Sydney, Melbourne & Brisbane
32:00 - Rental market & legislative shifts in Sydney, Melbourne, and Brisbane
44:42 - The challenges of increased land tax and rental reforms
51:29 - Property risks, key drivers, and opportunities — Melbourne
54:10 - Property risks, key drivers, and opportunities — Brisbane
56:57 - Property risks, key drivers, and opportunities — Sydney
About Our Guest:
 

Cate Bakos, with a Chemistry degree from Monash University, transitioned from a successful career in sales and marketing with Orica to becoming an award-winning real estate professional. After purchasing her first property at 21, she moved into Melbourne's Bayside property market, later founding Cate Bakos Property in 2014. Cate has guided over 2,000 clients through property purchases and strategies, leveraging her expertise in lending policy and cash flow analysis. A regular media commentator, Cate co-hosts "The Property Trio" podcast and authored "Successful Property Investment." She served as REBAA President from 2019 to 2023 and continues to mentor young industry professionals.

Connect with Cate Bakos:

➼ Website https://www.catebakos.com.au/

➼ LinkedIn https://www.linkedin.com/in/catherinebakos/

➼ Instagram https://www.instagram.com/cate_bakos_property/

Resources:
 
➼ FREE MINI COURSE: How to price property like a professional https://www.homebuyeracademy.com.au/freecourse
 
➼ Meet our recommended mortgage brokers at Home Buyer Academy https://homebuyeracademy.com.au/brokers
 
 
➼ Learn how to buy property without making a mistake with our ultimate 10-step online course for first time home buyers https://homebuyeracademy.com.au/YFHBG
 
➼ If you have any questions or would like to be featured on our show, contact us at: Your First Home Buyer Guide Podcast [email protected]
 
➼ Looking for a Sydney Buyers Agent? https://www.gooddeeds.com.au
 
➼ Work with Veronica: https://www.veronicamorgan.com.au
 
➼ Looking for a Brisbane Buyers Agent? https://www.propertypursuit.com.au/
 
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!
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  Co-Founders

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.

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