Welcome to the Property Line, with me Andy Reid, Coach, Commentator and Auctioneer in the real estate space here in Victoria!

It’s been another action packed week in the land of real estate! Lots of activity and lots of success rates which have just been incredible to see. Lots of lenders that are really starting to get to grips with what is going on and looking to provide a lot more optimism in the market place moving forward. Buyer sentiment? Well, that’s starting to change as well with lots of buyers all of a sudden realising that what they were hoping for might not eventuate in the not too distant future. Recession talk has all but dissipated and now it is all about how much value vendors can get for their homes. It appears that even though supply is starting to rise a little bit, demand is certainly keeping up with it as well, which is great to see.

From a state point of view, Victoria had their state budget announced and even more incentives for buyers to get into the marketplace, particularly when it comes to the stamp duty savings that are now on offer. Established property have now got an opportunity for a 25% discount on the standard stamp duty rate that they would have incurred and that is upto $1 million. So for a lot of investors as well as first home buyers, this represents another reason as to why they need to get into the marketplace as soon as possible. That looks like it’s going to be floating through to the end of financial year at the very least and for new homes, 50% savings on that stamp duty which is incredible value, if you ask me!

Now because everything’s rocking and rolling just fine in the residential space, I thought we’d turn our attention to the macro economy, the greater economy, particularly in the commercial and industrial sector. Something that flew so far under the radar from a national news point of view, was the signing and the agreement of the Regional Comprehensive Economic Partnership. It’s a landmark agreement that’s been made with 15 of the major players in Asia when it comes to trade; importing, exporting, all that sort of stuff. It’s such a macro agreement, it will impact absolutely everything including things like cost of living, cost of construction, cost of logistics and everything that impacts our day to day lives. As well as that, we’re going to be talking about e-commerce and how that’s affected things and the positives we can take out of it as well.

For all of this I have called upon a real sharp mind! Sass Baleh, from JLL is the Director of Research nationally and has got such a keen eye, particularly in the logistics and industrial sectors. It’s something that we really need to get our heads around to a degree, if we’re to provide some real value, some real success in the real estate space. What we talk about in tonight’s episode, affects and impacts everything, particularly if you’re looking to get into the investment side of things, this is one that you really need to pay attention to. So pin your ears back, there’s going to be lots of numbers coming your way but the upshot of it will be that you will have a much clearer understanding as to what could be coming along the track, in the next year to two years.

All of that and more on tonight’s Property Line, make sure that you tune in for the show above.