Mark Bouris appeared on The Morning Show to discuss the property market

01st Dec, 2021 | In The News

In this article:
Mark Bouris gives his advice to Aussie borrowers wanting to get into the property market

Mark Bouris appeared on The Morning Show on the 24th of November to discuss interest rates and how it will affect the housing market. He mentions how the demand and supply affect the housing market and how the increase in supply, as a result of the interest rates going up, and the drop in demand leads the prices to move further down.

Mark also shares an interesting insight on home buyers’ sentiments. Six weeks ago, they were willing to offer a higher than anticipated price for a house, whereas now buyers have set up a limit for how much they are willing to spend and are not prepared to pay extra.

He concludes the interview by highlighting the importance of knowing how much deposit you need and working out what your expenses are in order to know how much you need to save. He advises that young buyers should consider buying in regional areas, if they are unable to purchase a house where they live, so that they can get their foot in the door.

To watch the full interview, click here.

Source: The Morning Show, 24 November 2021

 

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