[Podcast] Where will property values be in 25 years’ time? | Understand how Artificial Intelligence will change our lives

Many property investors and homeowners worry about the value of their property today.

But it’s important to take a long-range view and think about what the value of property will be in the future.  My Podcast 62 Property In 25 Years (1)

In today’s episode, we’ll talk about what may happen to property values over the next 25 years and look back at what’s happened over the past 25 years.

We’ll also have a chat with Dale Beaumont about Artificial Intelligence, and how that will change our lives in the coming years.

Where will the real estate market be in 25 years’ time?

  • While most homeowners and real estate investors worry what the value of their properties today, maybe a better question is “where will property prices be 25 years from now?” And the good news is that, believe it or not, the median house price in Sydney could be over $6 million and the median apartment price in our harbor city could be close to $3.5 million in 25 years’ time.
  • Over the past 25 years, the median house value nationally has risen by 412% – an annual growth rate of 6.8% or $459,900 – Future Sydney Scenarios
  • Melbourne had the highest average annual price growth – 8.1%
    • Sydney 7.6%
    • Perth – 6.7%
    • Hobart – 6.5%
    • Darwin 6.3%
    • Canberra – 6.0%
    • Brisbane – 5.9%
    • Adelaide – 5.9%
  • Think about it – who wouldn’t like to buy their parent’s house for the price they paid for it 25 years ago?

So, what’s ahead for property values?

  • If property prices were to rise at the same rate as the past twenty five years, Australia’s median house value would reach $2.9 million by 2043.
  • Here’s what Aussie’s report forecasts:
    • Sydney house values $6.3 million
    • Melbourne $5.8 million
    • Canberra $2.9 million
    • Perth $2.5 million
    • Hobart $2.4 million
    • Brisbane $2.3 million
    • Adelaide $1.9 million

How will Artificial Intelligence change our lives?

  • Artificial intelligence is already driving cars, reading emails and suggesting replies, and making phone calls
  • Digital assistants like Siri, Alexa, and Cortana are already mainstream robot future job employment droid work machine technology
  • We can look forward to more driverless cars within the next five to ten years
  • People might choose to live further from work if they don’t have to drive themselves – driving time can become work time or entertainment time.
  • Artificial intelligence can be taught to learn from the past and make predictions for the future. This can be applied to real estate trends.
  • Artificial intelligence could be used to make phone calls on the behalf of investors to find investment properties that meet certain criteria.

Links and Resources:

Michael Yardney

Metropole Property Strategists

Rich Habits Poor Habits

Michael Yardney’s Mentorship Program

Michael Yardney’s Property Renovations and Development Workshop

Dale Beaumont

Some of our favourite quotes from the show:

“Another interesting trend that’s occurred – not surprisingly – is that the proportion of first homebuyers in the market currently is less.” –Michael Yardney Sydney In Future

“What’s basically happening is that we’re trading our backyards for balconies and courtyards to live close to where all of the action is.” –Michael Yardney

“Sydney’s obviously growing at a much faster rate than the national averages and is going to add almost 2 million people to its population by 2037. That’s the equivalent of adding a new Perth into Sydney by then. –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.

Free Strategy 570x292
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.


Avatar for Property Update

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 his opinions are regularly featured in the media. Visit Metropole.com.au


'[Podcast] Where will property values be in 25 years’ time? | Understand how Artificial Intelligence will change our lives' have 3 comments

  1. Avatar for Property Update

    October 11, 2018 Sue

    Good sound information – shows big picture and takes the “scare” out of the media hype and ups and downs in the market

    Reply

  2. Avatar for Property Update

    October 9, 2018 MICHAEL CORRELL

    Yes, it’s important to take the long-term view beyond the current correction.

    Reply


Would you like to share your thoughts?

Your email address will not be published.
CAPTCHA Image

*


facebook
twitter
google
0
linkedin
0
email
Michael's Daily Insights

Join Michael Yardney's inner circle of daily subscribers.

NOTE: this daily service is a different subscription to our weekly newsletter so...

REGISTER NOW

Subscribe!