Consumer Spending Strain in NSW

This chapter analyzes the challenges faced by households in Sydney and New South Wales due to rising living costs and stagnant wages, leading to cuts in discretionary spending. It also reviews economic indicators such as job advertisement trends and inflation rates, and discusses potential impacts on the property market and monetary policy shifts.

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Episode notes

Every week, Chris Bates and Pete Wargent jump on the Australian Property Podcast airwaves to answer your questions or cover the top 3 property news stories of the news. Don't forget to send Chris and Pete your questions!

In this week’s episode, Chris and Pete cover:

1 – Spring selling season off with a bang

2 – Bottom of the cycle for building approvals

3 – Will the Aussie property market crash?

Episode resources

Rask community forum

https://community.rask.com.au/home

1 – Listings on the rise for spring

Listings up sharply in August (SQM Research)

https://sqmresearch.com.au/uploads/03_09_24_Total_property_listings_August_2024.pdf

Micro gluts in Melbourne (Cate Bakos)

https://www.catebakos.com.au/sundayblog/micro-glut/

2 – Bottom of the cycle for building approvals

https://petewargent.blogspot.com/2024/09/resi-building-approvals-turn-corner.html

https://jamesfostermacro.blogspot.com/2024/09/australian-dwelling-approvals-rise-to.html

https://hia.com.au/our-industry/newsroom/economic-research-and-forecasting/2024/08/new-home-building-set-to-increase

https://www.afr.com/property/residential/apartments-boost-housing-approvals-but-not-enough-20240902-p5k75u

3 – Will the Aussie property market crash?

https://www.forbes.com/advisor/au/property/will-the-australian-property-market-crash/

~~ Resources you'll love ~~

Invest with Owen: https://bit.ly/R-invest
Mortgage Broking: https://bit.ly/broke-rask
Financial Planning: https://bit.ly/R-plan
Property Coaching: https://bit.ly/R-P-coach
100-point property checklist (PDF): https://bit.ly/prop-check
Accounting with Grey Space: http://bit.ly/3DG5lWS
Business Coaching: https://bit.ly/o-coach
Ask a question: https://bit.ly/3QtiY00

DISCLAIMER: This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser.

Access The Rask Group's Financial Services Guide (FSG): https://www.rask.com.au/fsg

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