If you’re thinking about buying property in Sydney, Melbourne, or Brisbane, you’re in the right place. In this episode, we talk about the key differences between these three major Australian cities—because let’s be honest, what works in one city might be a complete disaster in another. We’re here to help you figure out where your money goes further, what’s happening in 2024, and how to avoid some of the biggest traps buyers fall into.

We have Cate Bakos joining us from Melbourne who shares what’s really happening in the Victorian market—especially after those long lockdowns and the media hype. Next up, we bring you all the latest on Brisbane’s booming market, which is moving faster than it has in years. And of course, we also cover Sydney, where even in a so-called “normal” market, there are still plenty of surprises to handle.

We know there’s no one-size-fits-all answer when it comes to the best buying strategy, so we’re giving you real, on-the-ground insights to help you make the best decision for your situation.

Episode Highlights:

00:00 - Introduction

02:54 - Who is Meighan Wells?

03:26 - Who is Cate Bakos?

04:05 - Who is Veronica Morgan?

05:41 - General Market Conditions in Melbourne

07:59 - General Market Conditions in Brisbane

18:23 - General Market Conditions in Sydney

22:21 - Is there a sweet spot for investors at the moment in Melbourne?

33:08 - Is the property market competitive in Brisbane at the moment?

39:35 - What are the most competitive price ranges and property types in Sydney

About Our Guest:

Cate Bakos, with a Chemistry degree from Monash University, transitioned from a successful career in sales and marketing with Orica to becoming an award-winning real estate professional. After purchasing her first property at 21, she moved into Melbourne’s Bayside property market, later founding Cate Bakos Property in 2014. Cate has guided over 2,000 clients through property purchases and strategies, leveraging her expertise in lending policy and cash flow analysis. A regular media commentator, Cate co-hosts “The Property Trio” podcast and authored “Successful Property Investment.” She served as REBAA President from 2019 to 2023 and continues to mentor young industry professionals.

Connect with Cate Bakos:

• Website https://www.catebakos.com.au/
• LinkedIn https://www.linkedin.com/in/catherinebakos/
• Instagram https://www.instagram.com/cate_bakos_property/

Resources:

• FREE MINI COURSE: How to price property like a professional https://www.homebuyeracademy.com.au/freecourse
• Meet our recommended mortgage brokers at Home Buyer Academy https://homebuyeracademy.com.au/brokers
• Visit our website https://www.homebuyeracademy.com.au/
• Join our Facebook Group to get access to free monthly live Q&A sessions
• https://www.facebook.com/groups/yourfirsthomebuyerguideaustralia
• Learn how to buy property without making a mistake with our ultimate 10-step online course for first time home buyers https://homebuyeracademy.com.au/YFHBG
• If you have any questions or would like to be featured on our show, contact us at: Your First Home Buyer Guide Podcast support@homebuyeracademy.com.au
• Looking for a Sydney Buyers Agent? https://www.gooddeeds.com.au
• Work with Veronica: https://www.veronicamorgan.com.au
• Looking for a Brisbane Buyers Agent? https://www.propertypursuit.com.au/
• Work with Meighan: https://www.linkedin.com/in/meighanwells/

If you enjoyed today’s podcast, don’t forget to subscribe, rate, and share the show! There’s more to come, so we hope to have you along with us on this journey!

• Subscribe on YouTube: https://www.youtube.com/@YourFirstHomeBuyerGuidePodcast
• Subscribe on Apple Podcasts: https://podcasts.apple.com/ph/podcast/your-first-home-buyer-guide-podcast/id1544701825
• Subscribe on Spotify: https://open.spotify.com/show/7GyrfXoqvDxjqNRv40NVQs?si=7c8bc4362fab421f