Will the Federal Election Really Shake Up the Property Market? Let’s Bust Some Myths | Dr. Nicola Powell

In this episode of the Michael Yardney podcast, I discuss the current state of the housing market with Dr. Nicola Powell, Chief of Research and Economics. We explore the impact of federal elections on housing predictions, the effects of political uncertainty, and the concept of Solomon's Paradox in decision-making. 

Our conversation also delves into the differences in housing policies between political parties, the ongoing supply and demand issues in the market, and the opportunities available in established properties. The episode concludes with insights on market trends and the importance of making property decisions based on personal circumstances rather than external noise. 

Takeaways:

• The housing market is influenced by federal elections.
• Rate cuts can improve buyer sentiment and inquiry.
• Solomon's Paradox highlights our decision-making flaws.
• Political uncertainty can delay property transactions.
• Auction outcomes can be surprisingly positive on election days.
• Labour governments tend to support first home buyers more.
• Supply issues are a significant challenge in the housing market.
• Established properties are often undervalued compared to new builds.
• Market cycles will continue despite political changes.
• Personal circumstances should guide property investment decisions.

Chapters: 00:00 Understanding Election Impacts on Housing Markets01:15 Current Housing Market Dynamics06:13 Myths Surrounding Elections and Housing11:03 Political Uncertainty and Its Impact15:49 Government Policies and Housing Supply20:13 Future Trends in the Housing Market

Links and Resources:  

Michael Yardney - https://propertyupdate.com.au/michael-yardney/

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Dr. Nicola Powell, Chief of Research and Economics at Domain.

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