Rental Pressures in 2024: Analysing Trends and Forecasts

Are rental pressures set to continue in 2024, or is there hope for easing in certain areas? Securing a rental property is becoming increasingly challenging in 2024, posing difficulties for landlords and tenants alike.

For property investors, it’s about facing the task of strategically investing their funds. Meanwhile, tenants are faced with the uncertainty of rising rental rates and limited housing options.

Today, we are joined by our resident data geek, Kent Lardner to dissect these pressing issues. With Kent's expertise in analysing real estate trends, he brings invaluable insights into the factors shaping the rental market landscape in 2024.

Tune in to get some helpful tips and actionable takeaways in dealing with the rental market in 2024.

Episode Highlights:

00:00 - Introduction

01:00 - Kent's approach to investigating the outlook for the rental market in 2024

04:41 - The difference in gathering and reporting rental data compared to sales data

06:32 - Analysing the current state and potential future developments in the rental market

09:06 - The challenges of housing affordability and the resulting trends

14:07 - Rental trends in the context of affordability and price increases in various capital cities

18:55 - Key factors influencing equity and borrowing capacity for investors

21:12 - Does prefab construction offer a solution to housing affordability?

26:09 - The dynamics of affordability and price increases in Brisbane, Melbourne, Sydney

30:27 - Why is the majority moving OUT of Sydney?

34:45 - Displacement in the rental market and its implications on supply and demand

36:43 - The potential impacts of legislative reforms on rental data transparency

42:23 - What role should policymakers play in addressing rental insecurity?

43:45 - What steps can be taken to ensure equitable access to affordable housing for all?

About Kent Lardner:

Kent Lardner is an expert data science and business leader with 30+ years of experience at leading companies like JLL, CoreLogic, and General Electric. He has led teams of 5 to 200 people across Australia and China, driven by his passion for high-growth digital businesses. Kent is also the founder of Suburbtrends, a leading property research firm trusted by major names in Australian property and featured in mainstream media.

Connect with Kent Lardner:

• Kent Lardner’s LinkedIn: https://au.linkedin.com/in/kentlardner
• Kent Lardner’s Website: https://suburbtrends.com/

Resources:

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