{"id":6128,"date":"2015-10-23T01:00:37","date_gmt":"2015-10-22T14:00:37","guid":{"rendered":"http:\/\/realestatetalk.com.au\/?p=6128"},"modified":"2015-10-23T01:00:37","modified_gmt":"2015-10-22T14:00:37","slug":"melbourne-market-and-units","status":"publish","type":"post","link":"https:\/\/channels.realty.com.au\/realtytalk\/melbourne-market-and-units\/","title":{"rendered":"Melbourne market and units &#8211; Greville Pabst"},"content":{"rendered":"<p>&nbsp;<br \/>\nIn today&#8217;s show<strong> Greville Pabst<\/strong> from WBP Property Group\u00a0takes a look at the Melbourne market with reports circulating that there are too many units.<br \/>\n&nbsp;<\/p>\n<h4>Transcript:<\/h4>\n<p><b>Kevin:<\/b>\u00a0 We\u2019re finding that the Melbourne market today is a very, very interesting market. It\u2019s classed as one of the hottest markets in Australia. But we\u2019ve heard lots of things about an oversupply of units, so let\u2019s get a bit of an update on that particular market. Greville Pabst from WBP Property Group joins me.<br \/>\nGreville, an interesting Melbourne market right now. What are you hearing about any oversupply of units and what\u2019s the cautionary note about settlement of some of these off-the-plan units?<br \/>\n<b>Greville:<\/b>\u00a0 Look, Kevin, it is a very complex market with lots of different subsectors, but I think that the greatest risk that faces many buyers of off-the-plan apartments, particularly in Australia\u2019s capital cities, is that the lending landscape has changed from the time that they signed the contract to when they come to settlement. Of course, that can be some 18 months down the track.<br \/>\nI think that is going to cause many buyers potentially to get into some trouble, given that lending is now a lot tougher and the deposits are larger. I really do caution buyers to perhaps go back to their financier and just have a look at those numbers again, because if they leave it too late, they may find that they may not be able to settle the property.<br \/>\n<b>Kevin:<\/b>\u00a0 Yes, the point you make is a very good one. Anyone who purchased off the plan, say, 12 months ago with a settlement coming up, they should recheck with their finance because, as you say, particularly with investors, deposits have changed and so too have the lending conditions, Greville.<br \/>\n<b>Greville:<\/b>\u00a0 Yes. Not only the lending conditions but a lot of banks that lent to investors have actually pulled out of the market. HSBC is one bank that has pulled out investment lending, and ANP now, as well. There are also limited options for investors to go to outside of the major four banks. That\u2019s almost like a little tightening of the monetary supply, which is the double whammy.<br \/>\nWe\u2019re also noticing that the types of products that are popular in the market\u2026 When I\u2019m talking about products, I\u2019m talking about apartments or houses. The demand for apartments and units is starting to wane, and that\u2019s reflected in their performance in the latest median house and unit prices.<br \/>\n<b>Kevin:<\/b>\u00a0 Of course, if in fact there is somewhat of an oversupply of units in the Melbourne market, that\u2019s going to make that situation even worse, Greville.<br \/>\n<b>Greville:<\/b>\u00a0 Yes. The oversupply of apartments, particularly in Melbourne, potentially could be a problem because of that valuation settlement risk.<br \/>\n<b>Kevin:<\/b>\u00a0 Greville, the bottom line: make sure if you have bought off the plan, that you get back and check with your financier to make sure that you can settle.<br \/>\n<b>Greville:<\/b>\u00a0 Yes, definitely. Perhaps have a talk with the bank of mom and dad.<br \/>\n<b>Kevin:<\/b>\u00a0 You might have to! Greville Pabst from WBP Property Group.<br \/>\nGreville, thanks for your time.<br \/>\n<b>Greville:<\/b>\u00a0 Thanks, Kevin.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; In today&#8217;s show Greville Pabst from WBP Property Group\u00a0takes a look at the Melbourne market with reports circulating that there are too many units. &nbsp; Transcript: Kevin:\u00a0 We\u2019re finding that the Melbourne market today is a very, very interesting market. It\u2019s classed as one&#8230;<\/p>\n","protected":false},"author":176692471,"featured_media":6129,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[10,13,25],"tags":[101],"class_list":["post-6128","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-kevin-turner-sponsored-channels","category-latest-story","category-sponsored-channels","tag-podcast"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Melbourne market and units - Greville Pabst - Realty Talk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/channels.realty.com.au\/realtytalk\/melbourne-market-and-units\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Melbourne market and units - Greville Pabst - Realty Talk\" \/>\n<meta property=\"og:description\" content=\"&nbsp; In today&#8217;s show Greville Pabst from WBP Property Group\u00a0takes a look at the Melbourne market with reports circulating that there are too many units. &nbsp; Transcript: Kevin:\u00a0 We\u2019re finding that the Melbourne market today is a very, very interesting market. It\u2019s classed as one...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/channels.realty.com.au\/realtytalk\/melbourne-market-and-units\/\" \/>\n<meta property=\"og:site_name\" content=\"Realty Talk\" \/>\n<meta property=\"article:published_time\" content=\"2015-10-22T14:00:37+00:00\" \/>\n<meta name=\"author\" content=\"rolanrush\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"rolanrush\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/melbourne-market-and-units\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/melbourne-market-and-units\\\/\"},\"author\":{\"name\":\"rolanrush\",\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/#\\\/schema\\\/person\\\/384a57ac9e52cb9bf19896cb15eaa52d\"},\"headline\":\"Melbourne market and units &#8211; Greville Pabst\",\"datePublished\":\"2015-10-22T14:00:37+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/melbourne-market-and-units\\\/\"},\"wordCount\":542,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/melbourne-market-and-units\\\/#primaryimage\"},\"thumbnailUrl\":\"\",\"keywords\":[\"podcast\"],\"articleSection\":[\"Kevin Turner\",\"Latest Stories\",\"Sponsored Channels\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/melbourne-market-and-units\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/melbourne-market-and-units\\\/\",\"url\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/melbourne-market-and-units\\\/\",\"name\":\"Melbourne market and units - Greville Pabst - Realty Talk\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/melbourne-market-and-units\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/melbourne-market-and-units\\\/#primaryimage\"},\"thumbnailUrl\":\"\",\"datePublished\":\"2015-10-22T14:00:37+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/#\\\/schema\\\/person\\\/384a57ac9e52cb9bf19896cb15eaa52d\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/melbourne-market-and-units\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/melbourne-market-and-units\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/melbourne-market-and-units\\\/#primaryimage\",\"url\":\"\",\"contentUrl\":\"\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/melbourne-market-and-units\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Melbourne market and units &#8211; Greville Pabst\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/#website\",\"url\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/\",\"name\":\"Realty Talk\",\"description\":\"Your Trusted Voice For Property Investing. Anywhere, Anytime.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/#\\\/schema\\\/person\\\/384a57ac9e52cb9bf19896cb15eaa52d\",\"name\":\"rolanrush\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/86544778804295a7fa45cbde097dc3a58a45ba6ed28859f17059ca74c38723d2?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/86544778804295a7fa45cbde097dc3a58a45ba6ed28859f17059ca74c38723d2?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/86544778804295a7fa45cbde097dc3a58a45ba6ed28859f17059ca74c38723d2?s=96&d=mm&r=g\",\"caption\":\"rolanrush\"},\"url\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/author\\\/rolanrush\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Melbourne market and units - Greville Pabst - Realty Talk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/channels.realty.com.au\/realtytalk\/melbourne-market-and-units\/","og_locale":"en_US","og_type":"article","og_title":"Melbourne market and units - Greville Pabst - Realty Talk","og_description":"&nbsp; In today&#8217;s show Greville Pabst from WBP Property Group\u00a0takes a look at the Melbourne market with reports circulating that there are too many units. &nbsp; Transcript: Kevin:\u00a0 We\u2019re finding that the Melbourne market today is a very, very interesting market. It\u2019s classed as one...","og_url":"https:\/\/channels.realty.com.au\/realtytalk\/melbourne-market-and-units\/","og_site_name":"Realty Talk","article_published_time":"2015-10-22T14:00:37+00:00","author":"rolanrush","twitter_card":"summary_large_image","twitter_misc":{"Written by":"rolanrush","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/channels.realty.com.au\/realtytalk\/melbourne-market-and-units\/#article","isPartOf":{"@id":"https:\/\/channels.realty.com.au\/realtytalk\/melbourne-market-and-units\/"},"author":{"name":"rolanrush","@id":"https:\/\/channels.realty.com.au\/realtytalk\/#\/schema\/person\/384a57ac9e52cb9bf19896cb15eaa52d"},"headline":"Melbourne market and units &#8211; Greville Pabst","datePublished":"2015-10-22T14:00:37+00:00","mainEntityOfPage":{"@id":"https:\/\/channels.realty.com.au\/realtytalk\/melbourne-market-and-units\/"},"wordCount":542,"commentCount":0,"image":{"@id":"https:\/\/channels.realty.com.au\/realtytalk\/melbourne-market-and-units\/#primaryimage"},"thumbnailUrl":"","keywords":["podcast"],"articleSection":["Kevin Turner","Latest Stories","Sponsored Channels"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/channels.realty.com.au\/realtytalk\/melbourne-market-and-units\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/channels.realty.com.au\/realtytalk\/melbourne-market-and-units\/","url":"https:\/\/channels.realty.com.au\/realtytalk\/melbourne-market-and-units\/","name":"Melbourne market and units - Greville Pabst - Realty Talk","isPartOf":{"@id":"https:\/\/channels.realty.com.au\/realtytalk\/#website"},"primaryImageOfPage":{"@id":"https:\/\/channels.realty.com.au\/realtytalk\/melbourne-market-and-units\/#primaryimage"},"image":{"@id":"https:\/\/channels.realty.com.au\/realtytalk\/melbourne-market-and-units\/#primaryimage"},"thumbnailUrl":"","datePublished":"2015-10-22T14:00:37+00:00","author":{"@id":"https:\/\/channels.realty.com.au\/realtytalk\/#\/schema\/person\/384a57ac9e52cb9bf19896cb15eaa52d"},"breadcrumb":{"@id":"https:\/\/channels.realty.com.au\/realtytalk\/melbourne-market-and-units\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/channels.realty.com.au\/realtytalk\/melbourne-market-and-units\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/channels.realty.com.au\/realtytalk\/melbourne-market-and-units\/#primaryimage","url":"","contentUrl":""},{"@type":"BreadcrumbList","@id":"https:\/\/channels.realty.com.au\/realtytalk\/melbourne-market-and-units\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/channels.realty.com.au\/realtytalk\/"},{"@type":"ListItem","position":2,"name":"Melbourne market and units &#8211; Greville Pabst"}]},{"@type":"WebSite","@id":"https:\/\/channels.realty.com.au\/realtytalk\/#website","url":"https:\/\/channels.realty.com.au\/realtytalk\/","name":"Realty Talk","description":"Your Trusted Voice For Property Investing. Anywhere, Anytime.","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/channels.realty.com.au\/realtytalk\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/channels.realty.com.au\/realtytalk\/#\/schema\/person\/384a57ac9e52cb9bf19896cb15eaa52d","name":"rolanrush","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/86544778804295a7fa45cbde097dc3a58a45ba6ed28859f17059ca74c38723d2?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/86544778804295a7fa45cbde097dc3a58a45ba6ed28859f17059ca74c38723d2?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/86544778804295a7fa45cbde097dc3a58a45ba6ed28859f17059ca74c38723d2?s=96&d=mm&r=g","caption":"rolanrush"},"url":"https:\/\/channels.realty.com.au\/realtytalk\/author\/rolanrush\/"}]}},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/wp\/v2\/posts\/6128","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/wp\/v2\/users\/176692471"}],"replies":[{"embeddable":true,"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/wp\/v2\/comments?post=6128"}],"version-history":[{"count":0,"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/wp\/v2\/posts\/6128\/revisions"}],"wp:attachment":[{"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/wp\/v2\/media?parent=6128"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/wp\/v2\/categories?post=6128"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/wp\/v2\/tags?post=6128"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}