359 – 5% Deposit Scheme Market Response ft. Rash Dhanjal

Trent Fleskens from the Perth Property Show discusses the record low property stock in Perth with prolific real estate agent Rash Dhanjal. They explore the implications of the 5% first home buyer guarantee scheme on the market, noting increased inquiries and a significant price surge in properties priced between $600,000 and $800,000. Despite its intent to aid first home buyers, the scheme appears to be inflating prices and benefitting investors instead. Rash highlights the challenges faced by first home buyers in competing with investors and the need for better preparation and strategies such as engaging buyer’s agents. They also discuss broader market issues like supply constraints, land availability, and the impact of immigration on housing prices.