[Podcast] Unravelling Domain’s Latest Housing Reports: Insights from Dr. Nicola Powell

[Podcast] Unravelling Domain’s Latest Housing Reports: Insights from Dr. Nicola Powell

Or listen and subscribe in your favourite podcast player:

Australia's housing market continues to defy expectations.

Do you remember when commentators tried to scare us about mortgage stress, a fixed mortgage rate cliff, and even a recession? My Podcast #509 Latest Housing Reports Dr Nicola Powell

Yet despite the challenges thrown at them, property values in our combined capitals have kept rising, even if they’ve slowed down over the last few months.

This resilience has sparked a shift towards a landlord's market with Australians moving house less often.

Today’s episode features Dr Nicola Powell, Domain's Chief of Research in Economics, and our conversation will help prospective homebuyers, seasoned investors, and other curious listeners understand some interesting trends.

Some Highlights From Our Conversation:

  • The surprising resilience of the Australian housing market despite predictions of a crash.
    • The key drivers behind this resilience such as:
      • Lack of listings
      • Rising pricesPrices Rising
      • The deferred fixed-rate cliff
    • Shift towards a landlord's market with Australians moving house less often.
      • People may have delayed selling their homes due to last year's decrease in prices
        • Even prior to those price drops, however, the trend of staying in a property for a more extended period of time was on the rise.
        • Tenure in a property can be driven higher or lower by property cycles because homeowners will delay or speed up selling decisions based on whether they think they can earn more or less with time.
      • Property resales profitability across various Australian markets and their correlation with the length of tenure.
      • The distinction in profitability between houses and apartments.
      • The implications of the current rental crisis on the housing market.
      • Challenges faced by the rental market
        • Rising debt costs
        • Legislative changes Rental Market
        • Population growth
      • Potential remedies to those challenges include:
        • Big corporations providing accommodation
        • Bills to Rent
        • Social housing initiatives
      • The role of the government in stimulating the construction and supply of more housing.
        • The influence of levies and taxes on investment choices.

As we navigate the ongoing changes in the housing and rental market, the insights from Dr. Nicola Powell are a treasure trove of information.

Despite the challenges, the resilience of the market offers potential opportunities for investors and homeowners.

It underscores the need for comprehensive strategies and innovative solutions to address the complex issues facing the rental 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 Rental report

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

Some of our favorite quotes from the show:

“I guess there's a lesson behind that, you've got to be very careful in selection of locations. You can't talk about the Sydney property market or the Canberra property market, can you?” – Michael Yardney

“I'm not really thrilled that the government's giving them(BTR developers) financial support to do that, because somebody's got to be paying for that and it's people like you and me who are property investors but they're not giving us the same financial support.” – Michael Yardney

“Double-digit growth at the beginning of a property cycle is unsustainable and it would create a much shorter cycle. So I'm much happier that price growth is moderating.” – 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

icon-podcast-large

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.

icon-email-large

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.


About

Michael is a director of Metropole Property Strategists who help their clients grow, protect and pass on their wealth through independent, unbiased property advice and advocacy. He's once again been voted Australia's leading property investment adviser and one of Australia's 50 most influential Thought Leaders. His opinions are regularly featured in the media.


No comments
Copyright © 2024 Michael Yardney’s Property Investment Update Important Information
Content Marketing by GridConcepts