Given the massive post covid new build housing stimulus via the Home Builder scheme and a raft of other programs including First Home Buyer grants, house, and land packages can seem very appealing to first home buyers. But it is not for the faint-hearted. Bushy kicks the show off this week by asking Julia Newbould from Money Magazine to share some of the tips and traps of homebuilding.
Staying on that subject, there’s been a substantial shift in demand for more affordable new build housing on the outskirts of our cities as a flow-on from the number of new build grants and incentives. But many traditional suburban housing estates lack the intimate neighborhood experience that makes our inner cities so attractive. Mike Day, a partner at award-winning national urban planning and design consultancy Hatch Roberts Day 5 key factors that can help transform these new areas by urbanizing the burbs.
Despite a pick-up in new listings and a bottoming in fixed mortgage rates, home price gains remain very strong, with rising sales activity matching the increase in new listings. Housing finance commitments are at record highs. So the question on everyone’s lips is, how long will the RBA allow this to continue and will they intervene? Dr. Shane Oliver, Head of Investment Strategy and Chief Economist with AMP Capital answers that today. But first up, Bushy catches up with Julia Newbold with some sound advice for first-time buyers with a passion for everything new.