It's the time of the year when many of us are looking back at 2023 to see what's ahead for our housing markets in 2024.
I was recently interviewed by Aaron Christie-David of Atelier Wealth for his Australian Property Investment Podcast. We had such a great discussion I asked Aaron if I could replay this episode for you, followers of the Michael Yardney podcast.
In this replay, you’ll hear my analysis of the Australian property market's performance in 2023 as well as educated predictions for 2024.
Our discussion spans a variety of topics including the resilience of the market amidst rising interest rates, the increasing trend towards higher-density living, and the impact of government policy on homeownership. We also examine the urban infrastructure challenges posed by rapid population growth and consider innovative solutions to accommodate the demand for housing.
Whether you’re a new or seasoned investor, listening to this episode will help you gain valuable insights and strategies for property investment, underlining the importance of a proactive approach and the right mindset for success in the ever-evolving landscape of real estate investment.
Market Mastery: Unpacking Australia's Real Estate Trends
In our conversation today, we explore the complexities of the Australian property market, discussing trends from the previous year and making predictions for the future. Our discussion spans a variety of topics, including the resilience of the market amid economic changes, the role of government policy, demographic shifts, and the challenges of urban infrastructure.
- How 2023 went for Metropole
- The dynamic Australian property market of 2023 and its resilience despite interest rate hikes
- The government's influence on homeownership trends and the shift toward high-density living
- The property market's surprising buoyancy and the role of cash-rich buyers in driving demand
- Market indicators such as consumer confidence, auction clearance rates, and active bidders
- Housing affordability and the localized rise in property values
- Urban infrastructure challenges due to population growth and innovative housing solutions
- Insights from an interview with Leilani Burra on demographic trends and the need for new homes
- The importance of mindset and strategies for long-term success in property investment
- Avoiding common pitfalls and the value of mentorship and professional guidance
Whether you're a seasoned investor or just starting out, the insights and discussions in this podcast will equip you with the knowledge and foresight needed to navigate the property landscape with confidence. It's a treasure trove of information that underscores the multifaceted nature of real estate investment and the various factors that contribute to success in this field.
Links and Resources:
Get the team at Metropole to help build your personal Strategic Property Plan Click here and have a chat with us
Aaron Christie-David - Atelier Wealth
Listen to the original Podcast here – The Australian Property Investment Podcast
Get a bundle of eBooks and reports – www.PodcastBonus.com.au
Some of our favorite quotes from the show:
“One of the big, big changes at the beginning of this year is I stepped back from being CEO. I founded the company Metropole Properties in 1979, but we've been working with clients for almost 25 years now and I decided to step back and enjoy those things we're talking about.” – Michael Yardney
“I'd rather bring people up through education, through better jobs, through more skills, through good incentives from the government to allow them to buy their homes as well.” – Michael Yardney
“Usually, I've found that people who have had luck actually need to have the hubris, the ego, kicked out of them by the world doing it.” – Michael Yardney
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