September 14, 2025 • 17 mins
- 3% mortgage buffer to stay. Bushy Martin, from KnowHow Property Finance, suggests we don’t need it
- Former Canberra Raiders Captain, Jarrod Croker’s family home is on the market. Former Canberra Raiders Captain, Alan Tongue (Sales Consultant at LJ Hooker Country Canberra) is selling it
- Peggy McAlister, Licensed Agent at My Agent provides a South Coast property update
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Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:01):
Cameron Renee's Real Estate show on Mix one O six
point three be the Envy of Camera Live in Deburg
at Northborne Village by JW Land now selling Will Cam.
It is time for another Mixed one O six point
three real estate show podcasts.
Speaker 2 (00:15):
Yeah, a range of.
Speaker 3 (00:16):
Really interesting conversations on Saturday. Now we get to the
opportunity to relive it all here online. So we spoke
to Bushy Martin from No How Property Finance about the
three percent mortgage buffer which is set to stay, but
he's saying with all the other regulation, it's just way
too much.
Speaker 2 (00:32):
We don't need.
Speaker 4 (00:32):
That, That's right.
Speaker 5 (00:33):
So we've heard a little bit about this before from
some of our other regular guests, but it was good
to dig down on that with him this morning. And
we also spoke to Toungey Alan Tungue sales consultant l J. Hooker,
and he is selling Jared Crocus House in Gilain.
Speaker 2 (00:47):
Yeah.
Speaker 3 (00:47):
Look, we set this up as a former Camera Raider
who was a captain of the side of course selling
the family home and it is a former Camber Raider
captain who was selling it for the family.
Speaker 5 (01:00):
All two former raiders who are selling it working together
to sell it, which is really cool. So they talked
about that it's a cracker property in Garrala and we
also venture down to the South Coast for a little
bit to see what's doing there.
Speaker 3 (01:11):
It was really interesting to hear about what you can
get for seven hundred thousand dollars on the coast and
it's goodness gracious, you will go in a second if
you could.
Speaker 2 (01:20):
Wouldn't you?
Speaker 4 (01:20):
Oh for sure?
Speaker 5 (01:21):
And so we spoke to Pegy McAllister from my agent there.
So she spoke about those homes that you just described Camber.
Then she also shared an absolute cracker which is.
Speaker 6 (01:28):
A bit more than seven hundred thousand dollars.
Speaker 1 (01:30):
But it is a beauty.
Speaker 2 (01:31):
You've got to check it out at brow Lean.
Speaker 6 (01:33):
All right.
Speaker 2 (01:33):
So there we go.
Speaker 3 (01:34):
That's what you can look forward to with our real
estate podcast right here.
Speaker 2 (01:38):
It's all thanks to JW Land Mixed one of six point.
Speaker 5 (01:40):
Three well Cam the Australian Prudential Regulation Authority. Now they've
ruled it banks in Australia must continue to assess home
loan applications three percent higher than you actual rate the
borrow will pay. So what does that all mean and
how does that affect people, which is what we want
to find out this morning, and say good morning to
Bushy Martin from No How Property Finance.
Speaker 6 (02:00):
Hi, Bushy, Hey, Ray, how are you Cam? Hi?
Speaker 4 (02:03):
We're good now.
Speaker 5 (02:04):
First off, what is the Australian Prudential Regulation Authority and
what does it do?
Speaker 3 (02:08):
Yeah?
Speaker 6 (02:09):
Well, this is another topic where I think over conservative
and is actually clouding common sense guys, because in simple terms,
APPA or the Australian Prudential Regulation Authority, is actually the
safety inspector for our money machines, where it oversees the
likes of the banks and surers and super funds. So
APPA sets the guardrails, stress tests the engines, and it's
supposed to ensure banks lends sensibly. So while the RBA
(02:32):
moves the speed down the rod with a cash rate,
APPA sets the road rule so that banks and lenders
don't fang the US off a wet roundabout when burrowers
start they hit the accelerator.
Speaker 5 (02:41):
Oh so good, I said to Cam just this morning,
I said, I can't wait to hear what Bushy's analogies
are today. And you've just nailed it already and we've
only halfway through, okay.
Speaker 3 (02:49):
And so when we were speaking through the week on
Email Bushy, This one popped out for me because what
of our other regular guests, Michael Yardney has mentioned on
a number of times that we know that banks essentially
don't want to have to default on loans, and so
when we're talking about the limits that people have, the
banks always work in this little piece of wiggle room,
which is exactly.
Speaker 2 (03:08):
What we're talking about you this morning.
Speaker 6 (03:10):
Correct, absolutely, right, yeah, yeah, go on, right, eh.
Speaker 5 (03:15):
I was just going to say so in October in
twenty twenty one, So a few years ago, the buffer
was increased from two and a half to three percent.
So do you think that percentage is still fair and
relevant today?
Speaker 6 (03:27):
Short answer, absolutely no, because the three percent buff, ways
you've well said, means that if you're applying for a
home loan with a six percentages rate, then you need
to demonstrate that you can make an afford repayment it
nine percent, which is now an absolute nonsense in current conditions,
because you know, back in twenty twenty one, guys rates
were as low as they're ever going to go, and
there was a lot of fear about pandemic mysks, and
(03:48):
you know, all sorts of things were a bit scary.
But today the higher rate cycle was calling and economic
conditions are stabilizing, and that they're getting that. We've now
got layer upon layer upon layer of extra bring risk
protection and limitations baked into the banking system. So for example,
we've got things like capital buffer requirements hard on those
looking expense tests that do income ratio limits. We pay
(04:09):
them to income and net surface handbrakes. I mean, it
just goes on and on, and I think that actually
now made a borrowing so safe that's safe actually means no,
and it's why no risk long term stable earners are
still facing and falling way short on buying capacity or
all being locked out altogether. So if you for me,
(04:30):
it's a bit like trying to drive down to your
local while having to wear three seat belts, two helmets,
a life jack on the air bags have already gone,
meaning that you can't even get in a car. And
my humble opinion, the full three percent out on is
way overcooked. And here's the kicker, guys. Every point five
percent of surfing buffer roughly chops about five percent off
your buying capacity. So if you're running three percent instead
(04:51):
of two, you're down ten percent. And that means we're
not talking about a seat belt here, we're talking about a.
Speaker 2 (04:57):
Handbrake on hard working five.
Speaker 3 (04:59):
And if you were in the seat making the decisions,
what's the number? So, as Renee said, you know, twenty
twenty one it was two point five?
Speaker 2 (05:06):
Is now three? What's the perfect number for you? If
there is one?
Speaker 6 (05:10):
Well, I think given all those other layers that are
building the system, we're already seeing refinances only you have
to apply a one percent buffle with some bank, So
it's a bit discretionary around that side of the equation.
So I think, yes, it's a useful additional exercise when
there are some real risks of things going up and
our current exercise, if we dropped it down to at
(05:33):
least two and a half or two percent, then there
is some fat building of the system, but not to
the point where you're actually keeping good people out of
the market.
Speaker 5 (05:40):
Okay, yeah, for sure, And it's tricky, like you say,
when now all those other layers as well, Bushy, thank
you so much for explaining all that this morning.
Speaker 6 (05:48):
Thanks you Tom, guys, love your show.
Speaker 4 (05:50):
Cheers See you later.
Speaker 5 (05:51):
Bushy Martin from Know How Property Finance and you can
hear seeing here I'm more from Bushy Martin on the
Property Hub YouTube channel or Bushymutton dot com, dot you
Forward Slash podcasts. Well, Cam, you've been asking the question
throughout the morning which former Raider is selling their house
and which other former Raider is selling it?
Speaker 3 (06:09):
Can I just say also in that we should say
we should have said which former captain of the Canberraiders, yes,
is selling the family home and which former captain.
Speaker 2 (06:20):
Is selling it?
Speaker 5 (06:20):
Absolutely, And so this is in Giri laying Jared Croaker's
house is on the market. We've read a bit about
that through the week and Alan Tungue, who's sales consultant
at l J. Hooker Country Canberra, joins us.
Speaker 7 (06:33):
Now, Hi Allen, good morning at a Cam. Yeah, it's
a pretty special home and it is got a touch
of Camberader's greatness all through it. Yeah, one hundred percent.
Speaker 3 (06:44):
And it must have been like you probably had a
couple of little moments of thought. Would you have ever
thought back in the day and so you would have
been the captain and young Jared would have been coming
into the side for the first time. Who would have
known fifteen years later that you'd be selling the family
home for them?
Speaker 7 (07:00):
That's right, and also working alongside a great made of
mine and the director at el Joe Hooker, Gundalen and
Troy Thompson, who you know, I believe throughout my career
was our greatest clubmen. He was such a great guy
for the club, wonderful front rower. And now I'll get
to work alongside him. And yeah, we're teamed up to
be able to sell Jared and Britney's home and it's
one of the finest in Girland. I'll tell you. I
(07:21):
know that we went through it a little bit earlier
there Cam and you can just feel it's got so
many living zones in it. It'll suit a number of
different people, whether it's professional couple's families, those with a
bit of space to be able to even put the
caravan and whatnot down the side. It's something pretty special.
Speaker 3 (07:39):
Yeah, absolutely, and I think so you're right yourself, Tomo
and I have stood there. I mean, I was in Raiders'
Royalty Company and we shot a Ango, a video for Zango,
and so as we went through.
Speaker 2 (07:51):
Look, I'm going to tell you my little favorite part.
Speaker 3 (07:53):
So there's a small balcony to the living room and
kitchen area. It is so bright, like the light coming
was incredible. And then there's one little balcony that just
comes off that area that then looks over the backyard.
Speaker 2 (08:06):
It's not a huge balcony, but you could just see.
Speaker 3 (08:09):
Yourself out there in the morning having a cup of
coffee or a glass of wine or a beer sort
of in the evening, watching the youngsters playing around in.
Speaker 2 (08:16):
That little grass area. It's a good spot, isn't it.
Speaker 1 (08:19):
Yeah?
Speaker 7 (08:19):
Absolutely. And you know, when we both spoke about what's
our favorite part of the house, Tomo's downstairs in the
rumpus with all the memorabilia and the pool table. Yeah,
it's just beautiful like that. For me, it's upstairs. I know,
the heart of our family home is that kitchen living
area and it's the same there the beautiful you know,
double glazed windows, the tassy oak floors that they're nicely
(08:41):
renovated and done throughout. The sunstreaming in it was really beautiful. Yeah.
Speaker 5 (08:45):
Absolutely. And you can tell that this has been renovated
and it's all quite new and modern, isn't it.
Speaker 7 (08:51):
Yeah absolutely, when we look at it, it is for
somebody that's basically looking to walk into a brand new home,
that's how much work has been done to it and yeah,
it's been great. It's even you know, set up for
a home business. Is that something that you know you'd
like to do as well. It's got the office, you know,
a beautiful little room downstairs as well. If it's for
(09:11):
the extended family for people popping over, they've got their
own private little space. So it's got plenty going for it.
And yet it's only stones are away from Girling, Belle
conn in to the city and also Gungland, so it's
pretty central location.
Speaker 5 (09:25):
And obviously Jared, you know, got a young, thriving family
and they've kind of it's all happened there, they've been
there for a long time. Is that what you is
that how you think this would suit like a young family?
Speaker 1 (09:36):
Yeah?
Speaker 7 (09:37):
I think as mentioned there before, I think it you know,
there's multiple people that would really really love that. But
you know, certainly with the Giraling Primary school and shops
you know, which are all walking distance, you don't even
have to go across main roads. You know, a family
certainly would love you know, this, this this home there
as well, but you can feel it. Hey, there's some
homes that you're walking too that you can just that's
(10:00):
a family, it's been loved, it's been thoughtfully looked after,
and this is certainly one of them.
Speaker 5 (10:05):
Absolutely, and just quickly tongue. When can people come and
check it out?
Speaker 7 (10:09):
Four five tomorrow afternoon. No, that's camera.
Speaker 4 (10:14):
Today.
Speaker 7 (10:14):
I was gonna we've certainly not going to be doing it.
Speaker 5 (10:18):
Then you can't do that, that's not funny.
Speaker 7 (10:22):
Twelve thirty. There's an open home today. The option is
schedule for the twenty seventh of September at one pm,
but twelve thirty. Come on down have a look through.
You will not be disappointed.
Speaker 5 (10:32):
Yeah, people should, and it is a great location. Like
you said, Alan, thank you so much for joining us
this morning and go the raiders tomorrow.
Speaker 7 (10:38):
Thanks so much, camera and a take.
Speaker 5 (10:39):
Care thank you, Alan Tung, who sounds consultant at LJ
Hooker Country Camera Well Cam. Since we last spoke with
our South Coast correspondent, we've had a couple of interest
rate cuts and we've made it through winter, so there's
been a bit doing, a bit happening, and we're in
spring now. We've been describing it this morning, the beautiful weather,
and so people's minds turning to getting to the coast
(11:01):
and enjoying some time down there, especially with school holidays
not far away again and Peggy McAllistair license agent at
my agent joins us. Now, of course, hi Peggy, good
morning Cameron Renee. Now, look, how has the property market
there been tracking since we last spoke with you in April?
Speaker 4 (11:17):
Yeah, so, Look, the interest rate decreases have certainly helped
bring a little bit of positivity back to the market.
It's certainly not booming, but I would say tobias that
have been sitting on the fence you will find there
is a little bit more competition. Okay, So we have
had some buyer feedback that they've said, oh that went
really quick or we didn't get a.
Speaker 7 (11:36):
Chance to see that.
Speaker 4 (11:37):
So a little bit more movement in the market.
Speaker 2 (11:39):
Yeah. Yeah.
Speaker 3 (11:40):
So you know, we've been describing this beautiful day that
we have here in the nation's capital and the capital
region today.
Speaker 2 (11:47):
We know the.
Speaker 3 (11:48):
Beautiful weather that you have on the coast, with beautiful
beaches and everything that we love about the coast. How
do agents prepare for the spring months on the coast?
How to get ready for selling time?
Speaker 4 (11:59):
Look, absolutely, start reaching out to people who we've a
praised in the months leading up to spring. So generally
July tends to be quite a quiet selling month. So
that's when we rereach out to anyone we've spoken to
in the last twelve months it's been thinking about selling,
and we give them an update on where their property
sits coming into spring, so that if they're considering coming
(12:19):
to market, we can have them ready. And so sometimes
we'll actually have off the market listings over winter that
we're going to launch in spring. They're just back pocket
listings and we're getting ready for that buyer demand and
for having more people at the coast.
Speaker 5 (12:32):
Yeah, okay, and what's the main thing, like the biggest
thing agents are talking about there at the moment.
Speaker 4 (12:38):
Look, I think there's.
Speaker 7 (12:38):
A couple of things.
Speaker 2 (12:39):
I think definitely the government.
Speaker 4 (12:40):
Incentives around first home bias, you know, I think that's
really exciting for people getting in to the market. I
think that lower end of the market, both houses under
that seven hundred thousand dollar mark, we are seeing a
bit of a boost there with first home buyers coming
back to the marketplace, so that's really exciting. I think
the second thing would be AI. You know, agents using
AI to write their ads. A lot of AI being
(13:03):
used on social media. You know, there's a lot around
advertising and how AI like. Even if you look at
real estate dot Com and some of the websites now
they actually have AI points onto the listing where they
summarized features. So customizing everything to make the most of
that and make sure properties are really visible.
Speaker 3 (13:20):
Yeah, we spoke to Kylie Davis and we've had a
number of conversations about AI and how it's sort of
working its way into real estate Kylie Davis from Proper
Tech Association. So yeah, it's a continual conversation. Hey, just
with the seven hundred thousand dollars style property that you mentioned,
what do you get for that on the coast these days.
Speaker 4 (13:39):
Look, depending on what suburb you are buying in, there
is quite a lot. So we just had a home
selling Serve Side. Was a lovely tidy It was like,
I think it was a two bedroom home. It was
one of my colleague, Megan Gouchers, and it was a
lovely tidy home on a think around six hundred square meter.
It's just sold for five hundred and forty thousand. So
you absolutely can still get decent little houses in the
(14:02):
market under seven hundred thousand if you come out to
areas such as Turos. You can still get a beautiful house.
It's surprisingly cheap out here in Tiros.
Speaker 7 (14:12):
For under seven.
Speaker 4 (14:13):
Hundred thousand, you can even get a house with a
water view. So with a new hospital going in only
ten minutes down the road in Maria, there's some still
some bargains to be hard. It's still a great time
to be looking at investing down here or getting a
holiday home.
Speaker 3 (14:27):
I've got a week of goals on the south coast
in October and we're staying in Toros and the place
that one of the places that we book because we've
got a couple is like a fifty meter walk to
the beach.
Speaker 2 (14:37):
It's just how good.
Speaker 4 (14:38):
Honestly, Tiros has such a hidden little secret. It's an
area that I'm starting to expand into. And I think
now with the new hospital coming down here and there's
further subdivision plan for Maria, Maria is now becoming a
bit more of a busy harb. It used to be
Batman's day. It's a lot moving a little bit more
down south. There's some exciting you know doing as investing
in Naruma, as we all know. So I think that
(14:59):
there's you know, there's still some opportunity down here in
little suburbs that were considered out of town that are
now becoming more central.
Speaker 2 (15:06):
Yeah, for sure.
Speaker 5 (15:07):
And just quickly, Peggy, is there a place that you'd
like to mention?
Speaker 4 (15:10):
There always is, yes, So I'm so excited that you
asked me to be on the show to mention this one.
So this was I was so excited to list this listing,
and then it was like, oh, no, I'm going on
maternity leave. So I have collaborated with my lovely colleague
Meghan Goucher, and I've worked on all the marketing with her,
but she's actually going to be the agent that's going
to show you through. This is a stunning property completed
(15:30):
in twenty twenty four. This is seventy meters to the sand,
basically on the front row in Browlei, which is absolutely
our most after suburb at the moment.
Speaker 7 (15:40):
So you're seventy meters from a.
Speaker 4 (15:41):
Surf spot, but you've got a luxury postal build, which
is incredibly hard to find in that position. And look,
it isn't duplex, guys, but there's no strata and there's
actually two hundred and ninety nine square meters it's bigger
than most of your four bedroom homes. It's got all
the bells and whistles, it's got ducted reverse cycle, it's
got butler's pantry too, and attaining zones water you plunge
(16:02):
pull two living areas. It's quite It's an awesome option
for someone who wants luxury by.
Speaker 3 (16:07):
The beach side.
Speaker 5 (16:08):
And what's the address match?
Speaker 4 (16:10):
So the address is for a train street in Browley.
Speaker 2 (16:15):
I'm right in that there. People should definitely a little
bit out.
Speaker 4 (16:17):
It's only just come on the market with us. It's
open today from eleven forty five to twelve fifteen. But
guys like the price tag is really reasonable for this
position for a luxury new build. It's on from one
point ninety five to two million.
Speaker 5 (16:31):
And fifty yep, all right, well, but it's like the
location is is magic. Just go and the place is magic.
Speaker 4 (16:38):
It's great.
Speaker 5 (16:38):
Peggy, thank you so much, all the best with your
maternity leave and everything. We can't wait to hear how
that all plays at as well.
Speaker 4 (16:46):
Thank you for your time, no problem, thanks guys.
Speaker 1 (16:48):
Go.
Speaker 5 (16:49):
She is Peggy McAlister from my agent there took him
out all things South Coast.
Speaker 3 (16:54):
Well, those are the interviews we most enjoyed in last
week's Mixed one O six point three Real Estate Show.
If you love hearing about the latest trends, or you're
just up for a sticky beak, be sure to drop
by for a listen this Saturday between nine and ten
Cam and
Speaker 1 (17:08):
Rene's Real Estate Show on Mix one O six point
three
Cameron Renee's Real Estate show on Mix one O six
point three be the Envy of Camera Live in Deburg
at Northborne Village by JW Land now selling Will Cam.
It is time for another Mixed one O six point
three real estate show podcasts.
Speaker 2 (00:15):
Yeah, a range of.
Speaker 3 (00:16):
Really interesting conversations on Saturday. Now we get to the
opportunity to relive it all here online. So we spoke
to Bushy Martin from No How Property Finance about the
three percent mortgage buffer which is set to stay, but
he's saying with all the other regulation, it's just way
too much.
Speaker 2 (00:32):
We don't need.
Speaker 4 (00:32):
That, That's right.
Speaker 5 (00:33):
So we've heard a little bit about this before from
some of our other regular guests, but it was good
to dig down on that with him this morning. And
we also spoke to Toungey Alan Tungue sales consultant l J. Hooker,
and he is selling Jared Crocus House in Gilain.
Speaker 2 (00:47):
Yeah.
Speaker 3 (00:47):
Look, we set this up as a former Camera Raider
who was a captain of the side of course selling
the family home and it is a former Camber Raider
captain who was selling it for the family.
Speaker 5 (01:00):
All two former raiders who are selling it working together
to sell it, which is really cool. So they talked
about that it's a cracker property in Garrala and we
also venture down to the South Coast for a little
bit to see what's doing there.
Speaker 3 (01:11):
It was really interesting to hear about what you can
get for seven hundred thousand dollars on the coast and
it's goodness gracious, you will go in a second if
you could.
Speaker 2 (01:20):
Wouldn't you?
Speaker 4 (01:20):
Oh for sure?
Speaker 5 (01:21):
And so we spoke to Pegy McAllister from my agent there.
So she spoke about those homes that you just described Camber.
Then she also shared an absolute cracker which is.
Speaker 6 (01:28):
A bit more than seven hundred thousand dollars.
Speaker 1 (01:30):
But it is a beauty.
Speaker 2 (01:31):
You've got to check it out at brow Lean.
Speaker 6 (01:33):
All right.
Speaker 2 (01:33):
So there we go.
Speaker 3 (01:34):
That's what you can look forward to with our real
estate podcast right here.
Speaker 2 (01:38):
It's all thanks to JW Land Mixed one of six point.
Speaker 5 (01:40):
Three well Cam the Australian Prudential Regulation Authority. Now they've
ruled it banks in Australia must continue to assess home
loan applications three percent higher than you actual rate the
borrow will pay. So what does that all mean and
how does that affect people, which is what we want
to find out this morning, and say good morning to
Bushy Martin from No How Property Finance.
Speaker 6 (02:00):
Hi, Bushy, Hey, Ray, how are you Cam? Hi?
Speaker 4 (02:03):
We're good now.
Speaker 5 (02:04):
First off, what is the Australian Prudential Regulation Authority and
what does it do?
Speaker 3 (02:08):
Yeah?
Speaker 6 (02:09):
Well, this is another topic where I think over conservative
and is actually clouding common sense guys, because in simple terms,
APPA or the Australian Prudential Regulation Authority, is actually the
safety inspector for our money machines, where it oversees the
likes of the banks and surers and super funds. So
APPA sets the guardrails, stress tests the engines, and it's
supposed to ensure banks lends sensibly. So while the RBA
(02:32):
moves the speed down the rod with a cash rate,
APPA sets the road rule so that banks and lenders
don't fang the US off a wet roundabout when burrowers
start they hit the accelerator.
Speaker 5 (02:41):
Oh so good, I said to Cam just this morning,
I said, I can't wait to hear what Bushy's analogies
are today. And you've just nailed it already and we've
only halfway through, okay.
Speaker 3 (02:49):
And so when we were speaking through the week on
Email Bushy, This one popped out for me because what
of our other regular guests, Michael Yardney has mentioned on
a number of times that we know that banks essentially
don't want to have to default on loans, and so
when we're talking about the limits that people have, the
banks always work in this little piece of wiggle room,
which is exactly.
Speaker 2 (03:08):
What we're talking about you this morning.
Speaker 6 (03:10):
Correct, absolutely, right, yeah, yeah, go on, right, eh.
Speaker 5 (03:15):
I was just going to say so in October in
twenty twenty one, So a few years ago, the buffer
was increased from two and a half to three percent.
So do you think that percentage is still fair and
relevant today?
Speaker 6 (03:27):
Short answer, absolutely no, because the three percent buff, ways
you've well said, means that if you're applying for a
home loan with a six percentages rate, then you need
to demonstrate that you can make an afford repayment it
nine percent, which is now an absolute nonsense in current conditions,
because you know, back in twenty twenty one, guys rates
were as low as they're ever going to go, and
there was a lot of fear about pandemic mysks, and
(03:48):
you know, all sorts of things were a bit scary.
But today the higher rate cycle was calling and economic
conditions are stabilizing, and that they're getting that. We've now
got layer upon layer upon layer of extra bring risk
protection and limitations baked into the banking system. So for example,
we've got things like capital buffer requirements hard on those
looking expense tests that do income ratio limits. We pay
(04:09):
them to income and net surface handbrakes. I mean, it
just goes on and on, and I think that actually
now made a borrowing so safe that's safe actually means no,
and it's why no risk long term stable earners are
still facing and falling way short on buying capacity or
all being locked out altogether. So if you for me,
(04:30):
it's a bit like trying to drive down to your
local while having to wear three seat belts, two helmets,
a life jack on the air bags have already gone,
meaning that you can't even get in a car. And
my humble opinion, the full three percent out on is
way overcooked. And here's the kicker, guys. Every point five
percent of surfing buffer roughly chops about five percent off
your buying capacity. So if you're running three percent instead
(04:51):
of two, you're down ten percent. And that means we're
not talking about a seat belt here, we're talking about a.
Speaker 2 (04:57):
Handbrake on hard working five.
Speaker 3 (04:59):
And if you were in the seat making the decisions,
what's the number? So, as Renee said, you know, twenty
twenty one it was two point five?
Speaker 2 (05:06):
Is now three? What's the perfect number for you? If
there is one?
Speaker 6 (05:10):
Well, I think given all those other layers that are
building the system, we're already seeing refinances only you have
to apply a one percent buffle with some bank, So
it's a bit discretionary around that side of the equation.
So I think, yes, it's a useful additional exercise when
there are some real risks of things going up and
our current exercise, if we dropped it down to at
(05:33):
least two and a half or two percent, then there
is some fat building of the system, but not to
the point where you're actually keeping good people out of
the market.
Speaker 5 (05:40):
Okay, yeah, for sure, And it's tricky, like you say,
when now all those other layers as well, Bushy, thank
you so much for explaining all that this morning.
Speaker 6 (05:48):
Thanks you Tom, guys, love your show.
Speaker 4 (05:50):
Cheers See you later.
Speaker 5 (05:51):
Bushy Martin from Know How Property Finance and you can
hear seeing here I'm more from Bushy Martin on the
Property Hub YouTube channel or Bushymutton dot com, dot you
Forward Slash podcasts. Well, Cam, you've been asking the question
throughout the morning which former Raider is selling their house
and which other former Raider is selling it?
Speaker 3 (06:09):
Can I just say also in that we should say
we should have said which former captain of the Canberraiders, yes,
is selling the family home and which former captain.
Speaker 2 (06:20):
Is selling it?
Speaker 5 (06:20):
Absolutely, And so this is in Giri laying Jared Croaker's
house is on the market. We've read a bit about
that through the week and Alan Tungue, who's sales consultant
at l J. Hooker Country Canberra, joins us.
Speaker 7 (06:33):
Now, Hi Allen, good morning at a Cam. Yeah, it's
a pretty special home and it is got a touch
of Camberader's greatness all through it. Yeah, one hundred percent.
Speaker 3 (06:44):
And it must have been like you probably had a
couple of little moments of thought. Would you have ever
thought back in the day and so you would have
been the captain and young Jared would have been coming
into the side for the first time. Who would have
known fifteen years later that you'd be selling the family
home for them?
Speaker 7 (07:00):
That's right, and also working alongside a great made of
mine and the director at el Joe Hooker, Gundalen and
Troy Thompson, who you know, I believe throughout my career
was our greatest clubmen. He was such a great guy
for the club, wonderful front rower. And now I'll get
to work alongside him. And yeah, we're teamed up to
be able to sell Jared and Britney's home and it's
one of the finest in Girland. I'll tell you. I
(07:21):
know that we went through it a little bit earlier
there Cam and you can just feel it's got so
many living zones in it. It'll suit a number of
different people, whether it's professional couple's families, those with a
bit of space to be able to even put the
caravan and whatnot down the side. It's something pretty special.
Speaker 3 (07:39):
Yeah, absolutely, and I think so you're right yourself, Tomo
and I have stood there. I mean, I was in Raiders'
Royalty Company and we shot a Ango, a video for Zango,
and so as we went through.
Speaker 2 (07:51):
Look, I'm going to tell you my little favorite part.
Speaker 3 (07:53):
So there's a small balcony to the living room and
kitchen area. It is so bright, like the light coming
was incredible. And then there's one little balcony that just
comes off that area that then looks over the backyard.
Speaker 2 (08:06):
It's not a huge balcony, but you could just see.
Speaker 3 (08:09):
Yourself out there in the morning having a cup of
coffee or a glass of wine or a beer sort
of in the evening, watching the youngsters playing around in.
Speaker 2 (08:16):
That little grass area. It's a good spot, isn't it.
Speaker 1 (08:19):
Yeah?
Speaker 7 (08:19):
Absolutely. And you know, when we both spoke about what's
our favorite part of the house, Tomo's downstairs in the
rumpus with all the memorabilia and the pool table. Yeah,
it's just beautiful like that. For me, it's upstairs. I know,
the heart of our family home is that kitchen living
area and it's the same there the beautiful you know,
double glazed windows, the tassy oak floors that they're nicely
(08:41):
renovated and done throughout. The sunstreaming in it was really beautiful. Yeah.
Speaker 5 (08:45):
Absolutely. And you can tell that this has been renovated
and it's all quite new and modern, isn't it.
Speaker 7 (08:51):
Yeah absolutely, when we look at it, it is for
somebody that's basically looking to walk into a brand new home,
that's how much work has been done to it and yeah,
it's been great. It's even you know, set up for
a home business. Is that something that you know you'd
like to do as well. It's got the office, you know,
a beautiful little room downstairs as well. If it's for
(09:11):
the extended family for people popping over, they've got their
own private little space. So it's got plenty going for it.
And yet it's only stones are away from Girling, Belle
conn in to the city and also Gungland, so it's
pretty central location.
Speaker 5 (09:25):
And obviously Jared, you know, got a young, thriving family
and they've kind of it's all happened there, they've been
there for a long time. Is that what you is
that how you think this would suit like a young family?
Speaker 1 (09:36):
Yeah?
Speaker 7 (09:37):
I think as mentioned there before, I think it you know,
there's multiple people that would really really love that. But
you know, certainly with the Giraling Primary school and shops
you know, which are all walking distance, you don't even
have to go across main roads. You know, a family
certainly would love you know, this, this this home there
as well, but you can feel it. Hey, there's some
homes that you're walking too that you can just that's
(10:00):
a family, it's been loved, it's been thoughtfully looked after,
and this is certainly one of them.
Speaker 5 (10:05):
Absolutely, and just quickly tongue. When can people come and
check it out?
Speaker 7 (10:09):
Four five tomorrow afternoon. No, that's camera.
Speaker 4 (10:14):
Today.
Speaker 7 (10:14):
I was gonna we've certainly not going to be doing it.
Speaker 5 (10:18):
Then you can't do that, that's not funny.
Speaker 7 (10:22):
Twelve thirty. There's an open home today. The option is
schedule for the twenty seventh of September at one pm,
but twelve thirty. Come on down have a look through.
You will not be disappointed.
Speaker 5 (10:32):
Yeah, people should, and it is a great location. Like
you said, Alan, thank you so much for joining us
this morning and go the raiders tomorrow.
Speaker 7 (10:38):
Thanks so much, camera and a take.
Speaker 5 (10:39):
Care thank you, Alan Tung, who sounds consultant at LJ
Hooker Country Camera Well Cam. Since we last spoke with
our South Coast correspondent, we've had a couple of interest
rate cuts and we've made it through winter, so there's
been a bit doing, a bit happening, and we're in
spring now. We've been describing it this morning, the beautiful weather,
and so people's minds turning to getting to the coast
(11:01):
and enjoying some time down there, especially with school holidays
not far away again and Peggy McAllistair license agent at
my agent joins us. Now, of course, hi Peggy, good
morning Cameron Renee. Now, look, how has the property market
there been tracking since we last spoke with you in April?
Speaker 4 (11:17):
Yeah, so, Look, the interest rate decreases have certainly helped
bring a little bit of positivity back to the market.
It's certainly not booming, but I would say tobias that
have been sitting on the fence you will find there
is a little bit more competition. Okay, So we have
had some buyer feedback that they've said, oh that went
really quick or we didn't get a.
Speaker 7 (11:36):
Chance to see that.
Speaker 4 (11:37):
So a little bit more movement in the market.
Speaker 2 (11:39):
Yeah. Yeah.
Speaker 3 (11:40):
So you know, we've been describing this beautiful day that
we have here in the nation's capital and the capital
region today.
Speaker 2 (11:47):
We know the.
Speaker 3 (11:48):
Beautiful weather that you have on the coast, with beautiful
beaches and everything that we love about the coast. How
do agents prepare for the spring months on the coast?
How to get ready for selling time?
Speaker 4 (11:59):
Look, absolutely, start reaching out to people who we've a
praised in the months leading up to spring. So generally
July tends to be quite a quiet selling month. So
that's when we rereach out to anyone we've spoken to
in the last twelve months it's been thinking about selling,
and we give them an update on where their property
sits coming into spring, so that if they're considering coming
(12:19):
to market, we can have them ready. And so sometimes
we'll actually have off the market listings over winter that
we're going to launch in spring. They're just back pocket
listings and we're getting ready for that buyer demand and
for having more people at the coast.
Speaker 5 (12:32):
Yeah, okay, and what's the main thing, like the biggest
thing agents are talking about there at the moment.
Speaker 4 (12:38):
Look, I think there's.
Speaker 7 (12:38):
A couple of things.
Speaker 2 (12:39):
I think definitely the government.
Speaker 4 (12:40):
Incentives around first home bias, you know, I think that's
really exciting for people getting in to the market. I
think that lower end of the market, both houses under
that seven hundred thousand dollar mark, we are seeing a
bit of a boost there with first home buyers coming
back to the marketplace, so that's really exciting. I think
the second thing would be AI. You know, agents using
AI to write their ads. A lot of AI being
(13:03):
used on social media. You know, there's a lot around
advertising and how AI like. Even if you look at
real estate dot Com and some of the websites now
they actually have AI points onto the listing where they
summarized features. So customizing everything to make the most of
that and make sure properties are really visible.
Speaker 3 (13:20):
Yeah, we spoke to Kylie Davis and we've had a
number of conversations about AI and how it's sort of
working its way into real estate Kylie Davis from Proper
Tech Association. So yeah, it's a continual conversation. Hey, just
with the seven hundred thousand dollars style property that you mentioned,
what do you get for that on the coast these days.
Speaker 4 (13:39):
Look, depending on what suburb you are buying in, there
is quite a lot. So we just had a home
selling Serve Side. Was a lovely tidy It was like,
I think it was a two bedroom home. It was
one of my colleague, Megan Gouchers, and it was a
lovely tidy home on a think around six hundred square meter.
It's just sold for five hundred and forty thousand. So
you absolutely can still get decent little houses in the
(14:02):
market under seven hundred thousand if you come out to
areas such as Turos. You can still get a beautiful house.
It's surprisingly cheap out here in Tiros.
Speaker 7 (14:12):
For under seven.
Speaker 4 (14:13):
Hundred thousand, you can even get a house with a
water view. So with a new hospital going in only
ten minutes down the road in Maria, there's some still
some bargains to be hard. It's still a great time
to be looking at investing down here or getting a
holiday home.
Speaker 3 (14:27):
I've got a week of goals on the south coast
in October and we're staying in Toros and the place
that one of the places that we book because we've
got a couple is like a fifty meter walk to
the beach.
Speaker 2 (14:37):
It's just how good.
Speaker 4 (14:38):
Honestly, Tiros has such a hidden little secret. It's an
area that I'm starting to expand into. And I think
now with the new hospital coming down here and there's
further subdivision plan for Maria, Maria is now becoming a
bit more of a busy harb. It used to be
Batman's day. It's a lot moving a little bit more
down south. There's some exciting you know doing as investing
in Naruma, as we all know. So I think that
(14:59):
there's you know, there's still some opportunity down here in
little suburbs that were considered out of town that are
now becoming more central.
Speaker 2 (15:06):
Yeah, for sure.
Speaker 5 (15:07):
And just quickly, Peggy, is there a place that you'd
like to mention?
Speaker 4 (15:10):
There always is, yes, So I'm so excited that you
asked me to be on the show to mention this one.
So this was I was so excited to list this listing,
and then it was like, oh, no, I'm going on
maternity leave. So I have collaborated with my lovely colleague
Meghan Goucher, and I've worked on all the marketing with her,
but she's actually going to be the agent that's going
to show you through. This is a stunning property completed
(15:30):
in twenty twenty four. This is seventy meters to the sand,
basically on the front row in Browlei, which is absolutely
our most after suburb at the moment.
Speaker 7 (15:40):
So you're seventy meters from a.
Speaker 4 (15:41):
Surf spot, but you've got a luxury postal build, which
is incredibly hard to find in that position. And look,
it isn't duplex, guys, but there's no strata and there's
actually two hundred and ninety nine square meters it's bigger
than most of your four bedroom homes. It's got all
the bells and whistles, it's got ducted reverse cycle, it's
got butler's pantry too, and attaining zones water you plunge
(16:02):
pull two living areas. It's quite It's an awesome option
for someone who wants luxury by.
Speaker 3 (16:07):
The beach side.
Speaker 5 (16:08):
And what's the address match?
Speaker 4 (16:10):
So the address is for a train street in Browley.
Speaker 2 (16:15):
I'm right in that there. People should definitely a little
bit out.
Speaker 4 (16:17):
It's only just come on the market with us. It's
open today from eleven forty five to twelve fifteen. But
guys like the price tag is really reasonable for this
position for a luxury new build. It's on from one
point ninety five to two million.
Speaker 5 (16:31):
And fifty yep, all right, well, but it's like the
location is is magic. Just go and the place is magic.
Speaker 4 (16:38):
It's great.
Speaker 5 (16:38):
Peggy, thank you so much, all the best with your
maternity leave and everything. We can't wait to hear how
that all plays at as well.
Speaker 4 (16:46):
Thank you for your time, no problem, thanks guys.
Speaker 1 (16:48):
Go.
Speaker 5 (16:49):
She is Peggy McAlister from my agent there took him
out all things South Coast.
Speaker 3 (16:54):
Well, those are the interviews we most enjoyed in last
week's Mixed one O six point three Real Estate Show.
If you love hearing about the latest trends, or you're
just up for a sticky beak, be sure to drop
by for a listen this Saturday between nine and ten
Cam and
Speaker 1 (17:08):
Rene's Real Estate Show on Mix one O six point
three
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