We are in new territory. This year our housing markets will perform very differently to 2023, which clearly was a very different year for property than 2022, which again was different from the previous couple of years when we experienced a property boom. I guess this means that almost every year we’re in new territory,…
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As the Australian property market continues to defy expectations, financial analyst Pete Wargent joins me to unravel the complexities of its current landscape. Being the first Big Picture Podcast for the new year, I want to look at the clues in the news for what’s ahead for our economy and our housing markets in 2024….
We all belong to one – a demographic tribe, that is. In fact, Australia is one big country of many tribes. If you don’t belong to the one, you don’t survive. Some are easy to find: it might be your footy team or where you work, the way you vote, or the way you dress….
What was different about our housing markets in 2023? As we close out 2023, the Australian property market looks significantly different from 2022 – we’ve defied all the naysayers and property pessimists and experienced eleven consecutive months of national price increases. Clearly, this strong price growth is the biggest difference to the markets of 2022…
What’s ahead for our property markets in 2024? Well, according to Domain’s 2023 End-Of-Year Wrap and 2024 Outlook report, continued growth in house and unit prices is anticipated. Dr Nicola Powell, Domain’s Chief of Research and Economics, said: “Some buyers, sellers, and renters proactively adapting to the lingering impact of the 2023 market movements and potential…
2023 has been a year of paradoxes in the Australian property market. Defying predictions and economic indicators, house prices not only resisted the expected downturn but escalated to new heights. This phenomenon left many market observers puzzled, sparking a crucial question: How did property prices manage to climb amidst a backdrop of rising interest rates…
Australia is experiencing a baby boom. While the term ‘baby boom’ often conjures memories of the post-war era, this current trend is not to be underestimated says demographer Simon Kuestenmacher in a recent article in The New Daily There are implications for various sectors, including healthcare, education, and notably the property market. This isn’t just…
Welcome to this month’s Big Picture episode of the Michael Yardney Podcast, where Pete Wargent and I dissect the multitude of macroeconomic factors currently shaping our housing markets and the broader economy. We analyze the recent interest rate hike by the Reserve Bank and dissect its ramifications on the housing markets and the broader economic…
Chinese investor appetite for Australian residential real estate has accelerated during 2023 as buyers rush to secure a slice of the market ahead of other foreign investors. In the year so far, Chinese buyers have purchased a total of $3.4 billion worth of approved residential real estate purchases, up 40% from last year, according to…
As Australia’s population ages, more and more older-generation Aussies could be looking to downsize their home, and it could reshape Australia’s property market. After all, a flood of larger available properties would help to ease the pressure for larger houses, create more demand for low-rise, medium-density luxury apartments and accelerate the shift away from major…