Ep. 3 | With Porter Davis down, should you be building right now?
04/17/23 • 54 min
We discuss and acknowledge Porter Davis heading into liquidation, but with respect to those involved, our focus shifts to providing valuable insights to those who are considering buying right now. We give you a genuine insight into how builders’ pricing really works, explaining how the last 2 years has impacted builders... and ultimately clients, trades and suppliers as well. We explain the cause and effect of material shortages, delays and price increases and we also share some genuine reasons as to why you could consider purchasing now rather than waiting.
Resources:
For Porter Davis customers
Access info on the VMIA website ➡ https://www.vmia.vic.gov.au/
Grant Thornton (liquidators) website ➡ https://www.grantthornton.com.au/
State Revenue Office website ➡ https://www.sro.vic.gov.au/buying-property
Liking the show?
Please leave us a 5 star rating on your podcast platform and share the show with others - thank you.
Got a question, topic idea or feedback?
Head to our website and leave your comments there ➡ homebuildinghub.com.au
Other places to watch or listen... and catch up on more content:
YouTube: https://www.youtube.com/@homebuildinghub
Facebook: https://www.facebook.com/homebuildinghub
LinkedIn: https://www.linkedin.com/company/home-building-hub/
TikTok: https://www.tiktok.com/@homebuildinghub?is_from_webapp=1&sender_device=pc
Want to reach out to Colin or Darren directly?
Colin - 0419 220 140 - [email protected]
Darren - 0430 087 450 - [email protected]
5:30 - Porter Davis
19:55 - How does builder pricing really work? And how has the last 2 years changed that?
30:50 - Things are looking better and here’s why
34:20 - Interest rates and inflation
35:55 - Is now a good time to buy a home?
39:00 - Accessible living and energy rating changes are coming in 2023 that will impact the price of building
42:00 - Land opportunities in the current market
44:40 - Are we getting to the bottom of the market
47:05 - Is it a buyers market or sellers market and should you be buying right now?
49:15 - Look for good value, not the cheapest price.
Liking the show?
Please leave us a 5 star rating on your podcast platform and share the show with others - thank you. Please consider subscribing too.
Got a question, topic idea or feedback?
Head to our website and leave your comments there > homebuildinghub.com.au or send an email to [email protected]
Other places to watch or listen... and catch up on more content:
YouTube
Facebook
LinkedIn
TikTok
We discuss and acknowledge Porter Davis heading into liquidation, but with respect to those involved, our focus shifts to providing valuable insights to those who are considering buying right now. We give you a genuine insight into how builders’ pricing really works, explaining how the last 2 years has impacted builders... and ultimately clients, trades and suppliers as well. We explain the cause and effect of material shortages, delays and price increases and we also share some genuine reasons as to why you could consider purchasing now rather than waiting.
Resources:
For Porter Davis customers
Access info on the VMIA website ➡ https://www.vmia.vic.gov.au/
Grant Thornton (liquidators) website ➡ https://www.grantthornton.com.au/
State Revenue Office website ➡ https://www.sro.vic.gov.au/buying-property
Liking the show?
Please leave us a 5 star rating on your podcast platform and share the show with others - thank you.
Got a question, topic idea or feedback?
Head to our website and leave your comments there ➡ homebuildinghub.com.au
Other places to watch or listen... and catch up on more content:
YouTube: https://www.youtube.com/@homebuildinghub
Facebook: https://www.facebook.com/homebuildinghub
LinkedIn: https://www.linkedin.com/company/home-building-hub/
TikTok: https://www.tiktok.com/@homebuildinghub?is_from_webapp=1&sender_device=pc
Want to reach out to Colin or Darren directly?
Colin - 0419 220 140 - [email protected]
Darren - 0430 087 450 - [email protected]
5:30 - Porter Davis
19:55 - How does builder pricing really work? And how has the last 2 years changed that?
30:50 - Things are looking better and here’s why
34:20 - Interest rates and inflation
35:55 - Is now a good time to buy a home?
39:00 - Accessible living and energy rating changes are coming in 2023 that will impact the price of building
42:00 - Land opportunities in the current market
44:40 - Are we getting to the bottom of the market
47:05 - Is it a buyers market or sellers market and should you be buying right now?
49:15 - Look for good value, not the cheapest price.
Liking the show?
Please leave us a 5 star rating on your podcast platform and share the show with others - thank you. Please consider subscribing too.
Got a question, topic idea or feedback?
Head to our website and leave your comments there > homebuildinghub.com.au or send an email to [email protected]
Other places to watch or listen... and catch up on more content:
YouTube
Facebook
LinkedIn
TikTok
Previous Episode
Ep. 2 | Essential insights from one of Australia’s leading finance brokers
Today we are joined by Mark Polatkesen - the Founder and Managing Director of Mortgage Domayne. Mark is one of Australia’s leading finance brokers and has settled over 1.5 billion dollars in loans during his career so far. In this episode, you’ll learn about all-things finance when it comes to new home construction. We cover a range of topics around finance brokers vs going direct to banks, interest rates, inflation, what affects borrowing capacity and ultimately find out whether Mark thinks now is a good time to buy including his top 3 tips to finish off the episode.
Resources:
For finance help, contact Mortgage Domayne > https://mortgagedomayne.com.au/
Learn more about grants, schemes and incentives
6:55 - Difference between a finance broker and going to a bank direct
9:25 - Difference between construction lender vs standard broker
13:45 - What are interest rates (cash rate vs home loan rate)?
17:10 - What can we expect with interest rates and inflation moving forward?
19:35 - What impact dollar-wise have the rates had on borrowing capacity?
20:20 - What are the concerns being raised by clients now?
23:10 - What affects borrowing capacity?
25:40 - To buy or not to buy? - Mark’s view and strategy
27:15 - Do I build new or do I buy established? And why?
29:55 - Are valuations an issue at the moment? ...and what can affect them?
32:30 - Government grants, incentives and schemes explained
36:20 - Guarantor lending explained
40:35 - Top 3 tips from Mark from new home buyers
Liking the show?
Please leave us a 5 star rating on your podcast platform and share the show with others - thank you. Please consider subscribing too.
Got a question, topic idea or feedback?
Head to our website and leave your comments there > homebuildinghub.com.au or send an email to [email protected]
Other places to watch or listen... and catch up on more content:
YouTube
Facebook
LinkedIn
TikTok
Next Episode
Ep. 4 | Here's why pricing will go up & designs will change in 2023
Today we talk about the main regulation changes related to energy rating and livable housing, proposed to be coming in 2023 (well, at the time of recording this). Using the information that is available to date, we explain the reasons for the changes, the benefits of the changes, and most notably the significant price impact and design impact that these changes will have on buyers after the regulations are implemented.
Topic Timestamps:
6:50 - Energy rating changes introduced and summarised
9:50 - Pricing impact of moving from 6-star to 7-star energy rating
16:00 - Livable Housing introduced and summarised
20:25 - How will these changes impact floorplan designs?
24:05 - When are these changes proposed to come into effect?
29:25 - Top 4 questions to ask yourself to determine if you should build now or later.
32:19 - Tips for buyers considering building before the regulations come into play
Liking the show?
Please leave us a 5 star rating on your podcast platform and share the show with others - thank you. Please consider subscribing too.
Got a question, topic idea or feedback?
Head to our website and leave your comments there > homebuildinghub.com.au or send an email to [email protected]
Other places to watch or listen... and catch up on more content:
YouTube
Facebook
LinkedIn
TikTok
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