![[Podcast] 5 things all property investors must understand about Australia’s housing Markets in 2024, with Dr. Nicola Powell](https://cdn.propertyupdate.com.au/wp-content/uploads/2023/10/MY-podcast-509-Latest_housing_Reports-Dr_Nicola_Powell.jpg)
What’s ahead for our property markets in 2024?
That’s what I will be discussing today with Dr. Nicola Powell, Domain’s Chief of Research and Economics. 
2023 will go down in history as the year that a new property cycle began as our markets defied high-interest rates and all the predictions from the property pessimists.
But what’s coming next in 2024?
Dr. Nicola Powell and I discuss the resilience of the housing market amid high-interest rates and inflation in 2023 and what’s ahead for 2024.
We explore various factors influencing the property market, including consumer confidence, population growth, affordability, and unemployment rates.
- Unraveling the unexpected twists and turns of Australia's property market in 2023.
- Behavioural aspects of the housing market constrained the level of new listings that came on and increased buyer competition.
- The resilience of the housing market amid high-interest rates and inflation.
- The impact of consumer confidence and interest rates on the property market.
- Predictions for 2024, including the impact of interest rates, consumer confidence, and population growth on housing prices.
- The increasing demand for extra bedrooms as working from home becomes the norm.
- The potential wave of affordability and possible gentrification in less-known
- Upcoming property prices for 2024, considering key factors such as population growth, supply, affordability, and unemployment rates.
- Nicola Powell's predictions of moderate price growth, with Sydney, Brisbane, and Adelaide poised for the biggest gains.
Hopefully, with insights from industry experts, you’ll gain a deeper understanding of the dynamics at play and what to expect in 2024.
Whether you're a homeowner, an investor, or simply curious, this podcast provides valuable insights into the future of Australia's property market.
Links and Resources:
Get the team at Metropole to help build your personal Strategic Property Plan Click here and have a chat with us
Dr Nicola Powell, Domain’s Chief of Research and Economics
Domain’s End of Year Wrap and Forecasts
Get a bundle of eBooks and reports – www.PodcastBonus.com.au
Some of our favorite quotes from the show:
“Eventually interest rates do their job and then the Reserve Bank has to lower them and we don't really know what that Goldilocks rate is, where it's not too high to dampen the economy but not too low to stimulate the economy.” – Michael Yardney
“If you look back over the last decade, rents haven't really kept up with inflation. So, it's not landlords taking advantage of tenants, it's just the market forces at the moment.” – Michael Yardney
“You only need one thing to succeed. Forget all the reasons why it won't work and believe in the one reason why it will.” – Michael Yardney
PLEASE LEAVE US A REVIEW
Reviews are hugely important to me because they help new people discover this podcast. If you enjoyed listening to this episode, please leave a review on iTunes - it's your way of passing the message forward to others and saying thank you to me. Here's how
Subscribe & don’t miss a single episode of Michael Yardney’s podcast
Hear Michael & a select panel of guest experts discuss property investment, success & money related topics. Subscribe now, whether you're on an Apple or Android handset.
Need help listening to Michael Yardney’s podcast from your phone or tablet?
We have created easy to follow instructions for you whether you're on iPhone / iPad or an Android device.
Prefer to subscribe via email?
Join Michael Yardney's inner circle of daily subscribers and get into the head of Australia's best property investment advisor and a wide team of leading property researchers and commentators.
