Surge in buyer activity during quiet market period

In Short:
– Terry Ryder hosts “The Property Playbook” episode featuring Michael Pell discussing increased buyer activity in a quiet market.
– Federal grant boosts first home buyer confidence, while the housing crisis limits supply and raises construction costs.

In this episode of The Property Playbook, Terry Ryder speaks with Michael Pell, founder of Propel Property, about increased buyer activity during typically quiet periods like Christmas and early January. They dive into how the federal first home buyer grant, effective from October 1, allows new buyers to avoid mortgage insurance and stamp duty, boosting market confidence even amid ongoing affordability challenges.

The upcoming Brisbane Olympics is expected to tighten supply and push construction prices higher. Michael also explains the rise of “rent vesting,” where buyers rent in premium locations while investing in more affordable properties, giving professionals a strategic way to build wealth in a competitive market.

Propel Property focuses on small-scale developments for time-poor professionals, targeting properties priced between $800,000 and $2 million with value uplift potential within 12 to 24 months. Key investment hotspots include Ipswich, Brisbane’s North Side, Northern Coastal NSW, and emerging opportunities in Sydney and Melbourne.