What’s on the Horizon for the 2024 Property Market?

Wondering what the 2024 property market has in store for you? Let's dive into the big trends and changes that might be coming our way.

In this episode, we take a close look at what could shape the property market in 2024. We're not making any predictions, but we'll talk about the important stuff like interest rates, how many houses are up for sale, and the impact of people moving into the country.

We also talk about how bigger economic trends and government decisions could affect the property market. Plus, we'll look at which areas might become more popular for buying houses and why. This part's really handy whether you're buying your first home, looking to invest, or just curious about what's happening in real estate.

So, whether you're planning to buy, sell, or just stay in the loop, tune in to this episode. We're breaking down the 2024 property market to help you make smart moves and stay ahead of the game.

Episode Highlights:

00:00 - Introduction

01:01 - Reflection on the real estate market of Australia in 2023

02:30 - Analysis of property price trends in Sydney and other Australian cities

04:35 - Australian property market dynamics in relation to interest rates and borrowing capacity

09:04 - Discussion on fixed rate cliffs, borrowing capacity, and resilience in the property market

10:47 - Examination of the rental crisis and its impact on the property market

14:48 - How does the shift from remote to office work impact real estate trends?

20:57 - Emerging trends in real estate due to changing family needs

23:55 - How is intergenerational wealth shaping the Australian property market?

28:15 - Factors driving the recent influx of investors in the property market

31:58 - The effect of rising interest rates on recent refinancing decisions

35:19 - The potential impact of new rezoning policies on the property market

40:45 - What are the implications of global economic uncertainty on property prices?

43:47 - Lessons learned from the unpredictability of the property market

46:41 - What six years of podcasting has taught us about the property market

Resources:

• Visit our website https://www.theelephantintheroom.com.au
• If you have any questions or would like to be featured on our show, contact us at: The Elephant in the Room Property Podcast questions@theelephantintheroom.com.au
• Looking for a Sydney Buyers Agent? https://www.gooddeeds.com.au
• Work with Veronica: https://www.veronicamorgan.com.au
• Looking for a Mortgage Broker? https://www.blusk.au
• Work with Chris: hello@blusk.au

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