Australia’s Hottest Winter Property Market in Years – with Dr. Andrew Wilson

This winter has shaped up as the strongest property market we’ve seen in a long time, with strong buyer activity and rising confidence cutting through the usual seasonal slowdown.

In today's show Dr. Andrew Wilson and I discuss how results have been far from uniform – Sydney is surging ahead with particularly strong performance, while conditions across the other capitals are more varied, reminding us just how segmented Australia’s housing markets really are.

We explore the impact of government initiatives for first home buyers, the performance of various regional markets, and the implications of inflation and interest rates on housing prices.

The conversation concludes with an optimistic outlook for the housing market as it heads into the spring selling season.

 

Takeaways 

·         Interest rates have been cut, leading to increased buyer activity.

·         The property market is fragmented, with varying performance across regions.

·         Government schemes for first home buyers are expected to boost demand.

·         Brisbane is showing extraordinary growth in property prices.

·         Melbourne's market is recovering, particularly in the prestige segment.

·         Inflation concerns may impact future interest rate decisions.

·         The spring selling season is typically the strongest for property sales.

·         Lower interest rates are driving positive growth in the housing market.

·         The national median house price has seen consistent monthly rises.

·         Market conditions suggest a potential for double-digit growth in some areas.

 

 

Chapters 

01:07 Introduction

01:45 Introduction to the Winter Property Market

04:02 Quarterly Median House Prices

09:57 Quarterly Median Unit Prices

13:02 First Home Owner Deposit Scheme

14:39 Property Values Forecast

17:14 Conclusions and Future Predictions

 

Links and Resources:

 

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