Leading auctioneer Tom Panos returns to Property Insights with Mark Bouris.
In this episode, Tom shares his latest observations of the market, with an increasing number of properties coming onto the market and vendors considering selling due to financial strain or the opportunity to upgrade. They also discuss the impact of high interest rates on homeowners and the potential for a surge in properties coming onto the market.
Tom and Mark express concern about the financial situation of many homeowners and the difficulty young Australians face in achieving the dream of owning property due to rising ages of first-time buyers and a housing supply issue exacerbated by immigration. They also touch upon the political climate and the lack of effective solutions to address the housing crisis.
