In this episode we bring back the insightful Eliza Owen on the podcast, we interviewed her last year in Episode 81 discussing the previous economic booms and downturns. Eliza has recently been made the Head of Residential Research at CoreLogic and is playing an active role in investigating the impact of the virus on the property market. With new restrictions on real estate in place to curb the growing threat of Covid-19 and with over 150,000 people applying for unemployment benefits Veronica and Chris ask the questions that you’re thinking.
Here’s what we covered:
How far has buyer activity fallen?
How has the clearance rate been affected?
What alternatives do buyers have to auctions?
How quickly will unemployment climb?
How the property market performed after stock market crashes?
Why is the current downturn radically different to past downturns?
Who will be most impacted by falling housing prices?
Is it inevitable that Australia will go into recession
Have the RBA hit rock bottom with rates?
How to recognise opportunity?
MENTIONED EPISODES:Episode 81 | Eliza Owen Episode 88 | Rate cuts Episode 112 | Coronavirus Update
GUEST LINKS:CoreLogic News Coronavirus and Australian Property Market Continued Uncertainty Around COVID-19 Has Seen The Preliminary Clearance Rate Take A Hit This Week
HOST LINKS: Looking for a Sydney Buyers Agent? www.gooddeeds.com.au Work with Veronica: info@gooddeeds.com.au
Looking for a Mortgage Broker? www.wealthful.com.au Work with Chris: hello@wealthful.com.au
Buy the book - AUCTION READY How to buy property at auction even though you’re scared s#!tless: www.getauctionready.com.au Use the coupon ELEPHANT for your 30% listener discount.
EPISODE TRANSCRIPT: Please note that this has been transcribed by half-human-half-robot, so brace yourself for typos and the odd bit of weirdness… This episode was recorded on 26 March, 2020.
https://www.theelephantintheroom.com.au/podcasts/115
See omnystudio.com/listener for privacy information.
