FEAR & GREED | Business News
Interview: How five years changed property forever
Mar 16, 2025
Tim Lawless, Head of Research at CoreLogic, shares his insights on the transformation of the property market over the last five years. He discusses the dramatic rebound following the pandemic, with property values skyrocketing by nearly 40%. Tim explores the differences in growth between houses and units, highlighting a significant 44% increase for houses. The conversation also covers post-COVID migration trends and future market predictions, emphasizing affordability challenges in major Australian cities.
11:22
Episode guests
AI Summary
AI Chapters
Episode notes
Podcast summary created with Snipd AI
Quick takeaways
- The property market experienced a dramatic nearly 40% value increase post-pandemic, influenced by fiscal support and changing demand dynamics.
- Affordability challenges are exacerbated by low housing supply and increased demand, creating a divide that limits lower-income buyers' access to properties.
Deep dives
Fluctuations in Property Markets
The property market has experienced significant fluctuations over the past five years, particularly since the pandemic's onset. Initially, home values saw a slight decline of about 2% during the early pandemic months due to market uncertainties. However, following substantial fiscal and monetary policy support, property values surged, rising nearly 40% overall. Sydney and Melbourne experienced peak values before facing challenges related to affordability and a decrease in interstate migration, while other cities like Perth and Brisbane continued to thrive despite rising interest rates.
Remember Everything You Learn from Podcasts
Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
