The Eastern Suburbs property market has been one of the toughest parts of Sydney in recent months…but has the market finally bottomed?
In this episode of Property Insights, Mark Bouris sits down with Ray White Phillips & Co. real estate agent Alexander Phillips, who has spent more than a decade at the top of the Australian property market, to get his read on what is actually happening on the ground.
The discussion focuses on falling prices, buyer and seller sentiment, why 80% of properties bought in recent years are reportedly selling for less, and why Alexander believes the market has now stabilised.
We also get into where property prices could go over the next few years, whether you should buy off the plan, what investors should be cautious about, why established properties can be a better investment, and what wealthy Eastern Suburbs homeowners are doing differently.
If you’re thinking about buying, selling or investing in Sydney property, this is a conversation you don’t want to miss.
CHAPTERS
00:00 – Intro: Meet Alexander Phillips
00:36 – What drives Alexander’s obsession with real estate?
01:05 – Alexander joins Ray White
03:10 – What’s really happening in the Eastern Suburbs?
04:02 – Why buyers started walking away
05:14 – Are 80% of recent buyers losing money?
05:52 – Has the property market finally bottomed?
07:25 – Why are people selling when prices are falling?
08:29 – Will property prices actually grow again?
09:14 – What’s happening with property investors?
10:20 – Is Bondi Junction a bad investment?
11:48 – Should you buy off the plan?
12:36 – The hidden $30K cost of luxury apartments
17:55 – Does replacement cost determine property value?
18:02 – “That’s irrelevant”: What actually determines value?
18:39 – Should you invest in property overseas?
20:15 – Where is the property market heading?
20:25 – Has the market bottomed?
20:41 – Are buyers coming back?
20:56 – 120 homes pulled off the market
22:03 – How has the Eastern Suburbs buyer changed?
22:23 – From crypto buyers to AI entrepreneurs
22:49 – Why wealthy Australians are downsizing
24:27 – Are trophy homes still worth $40–50 million?
25:00 – The hidden cost of owning luxury property
26:12 – What happens next for Sydney property?
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Yellow Brick Road was founded by Mark Bouris to help Australians on the road to their hopes and dreams. We offer competitive rates, an all-encompassing portfolio of mortgage broking services and a network of trusted home loan experts all over Australia. For more information, visit http://www.ybr.com.au or call 1800 927 927.
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