Fool or Forecaster 2022: Bank Scorecard

Another year, another fool or forecaster report. 

In this episode, we’ve gathered data and put together a bank scorecard - which banks did a good (or foolish) job of forecasting the property market? Which ones are the most reliable? Is 2022 the year to make a property move? 

Listen in on our discussion on authority bias, world events that affected the property market forecasts, holding bank economists accountable, and heaps more!

If you enjoyed the show, do like, rate, subscribe, and share us on social media and if you have your own questions you need clarity on, email us at questions@theelephantintheroom.com.au!

See you in the episode!

Episode Highlights:

1. Looking back at bank records [01:35]
2. Authority bias: Why we assume “experts” are right [06:52] 
3. World events and factors that affected market forecasts in 2022 [10:34]
4. Which “experts” should you rely on? [13:04]
5. The correlation between house prices and interest rates [16:48]
6. The dangers of making forecasts on a macro level [19:47]
7. Is it possible to predict risk? [23:54]
8. How COVID changed the real estate market [26:02]
9. Is 2022 the time to make a property move? [28:32]
10. Are apartment investments compromised? [33:32] 
11. Holding bank economists accountable [35:58] 
12. Should you base your property buying decisions on forecasts? [39:26]

 

Links from the Show:

• Fool or Forecaster Report 2022
• Finder RBA Cash Survey
• CoreLogic Home Value Index
• Scope Economic Survey
• Will Higher Interest Rates Cause Property Prices To Fall? 

 

Connect with Us:

• Looking for a Sydney Buyers Agent? www.gooddeeds.com.au
• Work with Veronica: https://linktr.ee/veronicamorgan
• Looking for a Mortgage Broker? www.wealthful.com.au
• Work with Chris: hello@wealthful.com.au 
• Send in your questions to: questions@theelephantintheroom.com.au
   

Find this episode on our website:
https://www.theelephantintheroom.com.au/podcasts/222 

If you’ve enjoyed this episode, don’t forget to like, share, rate and subscribe for more!

See omnystudio.com/listener for privacy information.