[Podcast] The 106 suburbs that are cheaper to buy in now than five years ago revealed, with Dr. Nicola Powell

There are 106 suburbs across Australia that are cheaper today than they were five years ago, new analysis shows, despite house and unit prices doubling at the same time.

That’s one of the reports from Domain that I’m going to chat about today with Dr. Nicola Powell, Domain’s Chief of Research and Economics, and we will also discuss Domain’s latest reports covering the latest developments in our housing and rental markets and much more

As somebody interested in property, you're probably pleased that we’ve now had 16 months of continuous property, price, and rental growth, but can this continue?

Is it sustainable?

And what’s ahead for our housing markets?

These are also some of the questions I’m going to be asking Nicola today.

Whether you're a prospective homebuyer looking for valuable insights, a seasoned investor seeking to navigate the market confidently, or simply curious about the current state of Australian real estate, I’m sure you’ll get some great insights from my chat with Nicola.

A conversation with Dr. Nicola Powell

In my discussion with Dr Nicola Powell, we cover a range of topics, from the trends in property and rental markets to the strategies for real estate investment in the current global climate.

With insights into Melbourne's real estate dynamics and a deep dive into Australia's rental market challenges, you’ll learn more about the current state of navigating property values and investments.

• The surprising trends in the Australian housing market including suburbs where prices are lower than five years ago
• Sustainability of the 16-month streak of property and rental growth amid government measures on housing supply
• Contrast in rental market strain between major cities and regional areas with record rent prices in capitals
• Affordability crisis leading to a surge in demand for units and shared housing
• Impact of population dynamics on property trends
• Advantages for first-time buyers in Melbourne
• Historical market performances and the importance of strategic property selection
• Role of shrinking block sizes and urban infill in creating affordable housing options
• Long-term real estate investment in the face of global uncertainties
• The potential long-term gains for investors who choose properties wisely despite current market fragmentation

This episode offers insights for anyone interested in Australia's housing market, whether they are first-time buyers, seasoned investors, or simply curious about real estate trends.

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 Rental report

Domain’s Home Price Report

Get a bundle of eBooks and reports – www.PodcastBonus.com.au

Some of our favorite quotes from the show:

“The concept of build-to-rent is that a development occurs, it's usually apartments, but it can, in fact, be a group of houses where the developer holds them in the long term, does not sell them, keeps them as long-term accommodation, and the government is giving them incentives to make that work.” – Michael Yardney

“The government has a business plan of growing our population to around 40 million people by the middle of this century. That's a huge increase. It's almost like building another Melbourne, Sydney, and Brisbane, so let's hope they get it right.” – Michael Yardney

“Delayed gratification is the key to the life of your dreams. Everything you want in your life is on the other side of something that sucks.” – Michael Yardney

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