In this special end-of-year episode of the Michael Yardney Podcast, we take a step back to reflect on the rollercoaster that was 2024 in the housing markets and gear up for what promises to be an equally fascinating 2025.
And who better to do it with than Pete Wargent, one of Australia's most respected financial and housing market analysts?
Together, we’ll unpack the highs, lows, and surprises of this past year, and share the lessons we've learned over the past year and offer insights into what we can expect in 2025, including predictions for regional markets and potential risks for investors.
Throughout our conversation, we emphasize the importance of maintaining a long-term perspective in property investment and crafting a solid strategy to navigate the evolving market landscape.
Takeaways
- 2024 demonstrated the importance of having long-term investment strategies.
- The housing market showed unexpected resilience in 2024.
- Job market strength has been a significant surprise this year.
- The rental crisis will continue to be a pressing issue in 2025.
- Investors should focus on quality properties rather than quantity.
- Construction costs are not increasing as much as they were before but will not decrease in the long term.
- Understanding market cycles is crucial for property investors.
- Melbourne is emerging as a potentially undervalued market.
- Having a clear investment plan is essential for investment success.
Links and Resources:
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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