Property price fears, snazzy renovations, and a scheme for first-home buyers.

Veteran auctioneer James Bell and our very own Kevin Turner discuss the week’s interesting property stories! Tune in as they discuss:

• Property takes a ‘V’ shape. Figures from CoreLogic show a “much faster” rebound than anticipated in property price growth. Experts say this could magnify mounting housing affordability research. 

• Were the ‘good old days’ that good? The idea that our parents had it much harder than we do (thanks to technology advances) is a recurring joke across all generations… but what if the reverse is true? 

• The bubble is back – really! Fears about another property bubble are rising as prices threaten to go out of control. The RBA’s decision to cut rates again will spur on buyer demand as they experience a ‘fear of missing out’.

• $3M reno over 3 years. A million bucks a year for three years… on a renovation? You could buy six houses in Brisbane for that money, but the owners believe that the end result on their hillside mansion was worth every cent. 

•  Boost for first time buyers. The Australian government has pledged a new first-home buyers' scheme that allows a minimum 5 per cent deposit. Is it wise to encourage home buyers with limited savings to enter the property market when interest rates are low?