Our housing markets have been remarkably resilient over the last year, despite high interest rates even though the RBA didn’t drop interest rates this year, as many expected.
With inflation falling faster than expected, there is now the anticipation of rate drops early next year and it seems that the gloom that descended on Australian consumers 2 ½ years ago is finally showing signs of lifting.
What does this mean for our economy and housing markets?
That’s exactly what Pete Wargent and I discussed in today’s show.
We also explore government policies' impact on property investment and analyze demographic trends affecting housing demand.
The conversation also touches on the challenges within the construction sector and the outlook for property investment in Australia, particularly in light of immigration and economic predictions for 2025.
Takeaways
- Understanding market dynamics is essential for investors – we discuss what’s ahead.
- Interest rates are expected to drop in 2025, but maybe not as soon as some hope.
- The housing market is influenced by government policies, and how they are getting it wrong
- Population growth is crucial for housing demand.
- Immigration is vital for economic growth and housing demand.
- Demographics are shifting, affecting the housing supply.
- The construction sector faces significant challenges.
- Wealth creation strategies need to adapt over time.
Links and Resources:
Michael Yardney – Metropole Property Strategists
Metropole’s Strategic Property Plan – to help both beginning and experienced investors
Get a bundle of free reports and eBooks – www.PodcastBonus.com.au
Pete Wargent’s new book, The Buy Right Approach to Property Investing
Pete’s other book – The New Wealth Way
Get a bundle of free reports and eBooks – www.PodcastBonus.com.au
Also, please subscribe to my new podcast Demographics Decoded with Simon Kuestenmacher – just look for Demographics Decoded wherever you are listening to this podcast and subscribe so each week we can unveil the trends shaping your future.
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