“I quit!” Real estate agents are leaving, tree changers head back to the city, and NSW FHB schemes explained

On this week's Australian Property Podcast 2 Sense segment with Pete Wargent and Chris Bates, two of Australia's leading property experts, the duo take a look at the three most important property stories this week. 

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About this episode

On this week’s Australian Property Podcast 2 Sense segment with Pete Wargent and Chris Bates, two of Australia’s leading property experts, the duo take a look at the three most important property stories this week.

If you LOVE the Australian Property Podcast as much as Amy, Chris, Pete and Owen have in putting it together, why not subscribe to the series (see below) and you’ll get property insights, Q&As and deep-dives two times a week!

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In the Australian Property Podcast spotlight this week:

  • Australian real estate agents are quitting. It’s last-in, first-out as real estate agents exit the space. Properties for sale in capital cities are down 26% from their five-year average.
  • The NSW First Home Buyers Assistance Scheme has expanded. “On or after 1 July 2023, eligible first home buyers will receive an exemption from transfer duty for purchases of new and existing homes up to $800,000 and a concessional rate of duty for homes up to $1,000,000.”
  • Back to the city! Tree changers from covid are returning to the big smoke as employers require more people in the office. But will it stick?

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