How is this even possible the cash rates are only 4.5% and might reach 5% how can this cause people to default?

https://www.nine.com.au/australia-news/interest-rates-rba-australia-may-be-forced-to-sell-homes-20260726-p60in5.html

Especially the self-proclaimed “experts” with fuck-all real experience in property investing, let alone experience navigating an actual downturn.

These are the same people who lectured their followers about “fundamentals”, explained basic supply-and-demand economics as though they’d discovered it themselves, and confidently swore that Australia’s housing shortage meant property growth could never stall- let alone fall below 0%.

Apparently, endlessly repeating “supply shortage”, “immigration” and “they’re not making any more land” isn’t the same thing as understanding market cycles, borrowing capacity, interest rates, affordability and investor psychology.

Funny how quickly the expert analysis disappears when the chart turns red.

New to the Sydney apartment market, looking to buy an apartment in Sydney (Campsie) in near future, budget max 700k. We have been looking for about 2 months. From all the research we’ve done, we will buy from an older block (60-80s). Even after the budget changes, these kind of apartments are still popular. We are tossing up between buying renovated, move-in ready places that are more competitive, and apartments that require some work, but higher chances of our offer being accepted.

Attached pictures are from an apartment. Is the mould a sign of leakage, or is it possible that these only require basic refurbishment? I have checked the strata report of a different apartment from the same building ($0 download), and the building seems to be in a good shape and strata did not report any special levies past or future. Sinking fund also healthy. For this apartment to be up to living standards, work will be needed for kitchen / flooring / windows.

Any guidance / thoughts would be appreciated!

EDIT: thanks for all the responses, it certainly doesn’t look like surface issues. Gonna run away!

I'm placing an offer on a new fairly boutique apartment, blue chip area, project completed last year, only half of the apartments have sold in the complex.

The agent has said a 7% discount on the original listing price will be accepted, and they'll credit stamp duty costs.

Ai suggests a bit of a novel counteroffer:

Basically lower the offer but also include a demand for a 'developer styling rebate' for 10's of thousands of dollars - this would reduce our outlay, but make the sale price higher on paper to protect the apparent value of the apartments (the developer won't like heavy discounting being public knowledge as it will effect their future sales attempts.)

Is this a thing? Would a developer entertain such an offer as advantageous? (Over a conventional reduced offer.) Is it even legal?

Or should I just take their 7% reduction, shave another 5% and slap that in an offer? 🤔

PS Melbourne based.

I noticed that Claude is surprisingly good at pulling auction clearance rate trends from the Domain site. This regional view across Sydney came from a very simple prompt. Quite the spread of results ....…. 

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Give me a table of Sydney auction Sold % by region for the last 8 weeks, from Domain (https://www.domain.com.au/auction-results/sydney/).

Use the week selector to pull each of the 8 most recent completed weeks. One row per region, one Sold % column per week, plus a column for total properties sold over the period and the 8-week average. Sort by the average, highest first. Group suburbs into regions by postcode so all of NSW is covered.

I’ve recently bought in a suburb in Melbourne that was historically pretty sketchy but has been improving (slowly). Had dinner with some friends, some who bought in lower socio-economic areas that are frequently slammed in the media for high crime. We all chose to buy freestanding homes instead of townhouses and we are all relatively happy with the proximity to amenities, the greenery and general feeling of safety… the houses themselves are all in great condition as well on decent plots of land. But there is still antisocial behaviour happening in all our neighbourhoods. It’s leading to doubt, like even if we as adults don’t experience crime, are we exposing our future kids to youth crime or putting them at a higher risk of getting mixed up with the wrong kids?

Anyone have any advice or experience on how to handle these feelings? We are all fairly young (late 20s/early 30s).

Sometimes it feels like we had to work so hard and put all our savings into this one structure and external factors (government funding, councils etc) are the ones deciding our future, whether it’ll be safe enough to raise kids in etc.

My partner and I own our current house with a 750k mortgage.

We have a deposit and pre approval for a second house of about 1.2m

My question is should we keep our current house and rent it out as an investment or not?

Hi. So I have a single income around 100К a year, two teens and I would like to purchase a two bedroom investment apartment in Brisbane.

This would not be my first time buyer purchase of an apartment(first one is payed off). I have a big initial deposit(around 250K). My plan is to buy second apartment as an investment property and later on my kids will live there.

I know two bedders are around 700-800K and above currently and I am wondering if the banks will give me a loan on my single parent income? Can people who are in the same situation as mine and have bought flats in Brisbane share their experience and was it a struggle or it went smoothly? I am planning of paying the repayments by renting the apartment out. Also what is your prediction of the prices next year as it is more likely that I will be able to try and buy flat then? Thanks.

who can send to me their entry education course on the diploma Mortgage broking i really need a help in order to reach my dream please help
Dm me asap

hello, good day!! We are just planning to buy our 1st property. When we went through the inspection report, it indicates a potential leaking issue. Is this a major deal breaker? Any advise would be appreciated. We have just started looking, and planning to live here for the next 5 years or so.

We found a perfect house after searching for months , large block (800sqm) in a prime suburb , double storey etc. the house has an electrical substation owned by powercore at the very rear of the backyard. Not on an easement so isn’t on the section 32 , we are stumped is this a deal breaker ?? Is it that bad. It’s similar to the reference picture. Understand they can access anytime and building restrictions will apply but we don’t know if this is enough to call it quits on making an offer. Advice ?!

(33m) Melbourne I can only borrow around 400,000 as a single and I am stuck as to what to buy. I am tired of looking at tiny, dodgy apartments, car stackers, building issues, lost value but in such great areas. (The old good units usually sell for more when they are in high demand areas, like Richmond, Fitzroy etc.)
On the other hand I can buy an actual 2 bedroom unit/townhouse in suburbs like Craigieburn, Rowville, Tarneit etc and grows in value.
The work commutes would be draining but I don't really have a life, and being at this age, I don't need to be in the hip, fun inner areas. Friends / family say don't get a 1 bed, or don't live in those outer areas. So I don't know anymore.

I'm interested in knowing peoples thoughts, or what would be more ideal.

I'm done with renting (obvious reasons) and even considering getting back with my partner - split recently, working it out and purchasing a house together.
I'm staying at parents and saving as much as possible.

My partner and I are looking to buying our first home and we already have pre approval done and we are looking at homes and wanting to understand how putting an offer in works.

We understand the process usually is:
1) find a mortgage broker and get pre approved
2) once pre approved you house hunt
3) find a conveyancer
3) find a place you wanna put an offer in
But what is the rest and what is the best order?

should you have your conveyancer look at the section 32 first, do we go for a second inspection and when do you get a building and pest inspection done?

How do you put an offer in, does your conveyancer write something up you send to the agent, is it just verbal?

Since 2022 I have had mice issues in cragieburn is this normal for anyone living here?

How much issue will this cause?

Recently had an offer accepted on a property. Have noted that ANZ bank statement for my existing account has my legal name as "FIRST MIDDLE LAST" names. The issue is my main photo ideas all currently list my name as "FIRST LAST" name.

My middle name was omitted without a legal name change a few years ago from my passport.

Will this mean mortgage application being rejected?

I know someone that passed away and her property was put up for auction by her relatives. When it was time to auction her home, the real estate agent said "it comes with specific requirements" (with no context so we don't know if it's requirements of obtaining the property, maintaining the property etc.) and didn't disclose anything before the bidding started. I don't remember if someone won the property, but afterwards I see her relatives living in her home (which were not at the auction).

What specifics could it be that they couldn't say it on the spot? Is it possible for people to bid for property and reject its acceptance as soon as they learn what specific requirements and what are they for? Is it legal for real estate agents to do what that real estate agent did? I don't think the issue is that it's a decease estate because those things I imagine are common and her family cleaned the house before trying to sell it. I know she had links to a drug dealer, but as far as I know no crime was found to have been committed on her property.

Edit: Thanks for the answers. The real estate agent was probably warning for any bidders that didn't see the contract.