2 Sense: RBA changes, construction costs calming & students swamping cities

Welcome to this week's episode of 2 Sense, where we cover everything you want to know about the most important news headlines of the week. 

Buyers Agent, Pete Wargent and Mortgage Broker, Chris Bates will be breaking down what the headlines mean for you as well as answering some of your questions. We'll be covering everything from construction to the new Governor of the RBA as well as how student intakes are affecting the housing shortage.

On this week of the Australian Property Podcast: 

Construction costs finally easing, but where are we building?

• Construction cost growth is the lowest since 2020, so what is happening with construction levels?
• Total dwelling commencements rose 14.0% to 46,546 dwellings in the March 2023 quarter
• Cost pressures from inflation are finally easing

Location and prices of property

• What areas are driving demand and value?
• How aspects of homes determine property demand and value
• How infrastructure development is adding value to homes
• Locations that have a 'village' aspect are adding value to property prices

New RBA Governor

• Michele Bullock has been announced as the new RBA Governor, the first female Governor
• What we expect to change within the RBA policies

Students taking the housing shortage to a new level

• Record number of international student intake, over 500,000 visas issued for FY2023
• How this is impacting the already meaningful housing shortage
• How this can be beneficial for labour shortages and wage growth pressures

Australian Property Podcast resources:

• Rask Events Roadshow: https://www.rask.com.au/road
• McGrath Research
• Macrobusiness
• Australian Property Podcast online - videos, notes & resources
• Ask a question
• Chris' mortgage broking
• Amy's new property course
• Amy's 100-point checklist (PDF)
• Pete Wargent's property coaching
• Join Owen's Rask Core  membership for $0.99

INFORMATION WARNING!

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.

Full individual disclosures for each guest are available via the show notes page. Owen and The Rask Group Pty Ltd do NOT receive anything for mentioning Super funds, products, shares, bank accounts, etc.

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

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