Boom or Bust? Property Market Predictions 2024 (And… what happened in 2023) | #236

Buckle up for a rollercoaster chat with Sean Simpson about the wild world of property in 2024.

In this episode, we unpack interest rates, media missteps, and the mortgage cliff. Goose and Sean introduce a suburb selection dashboard that sheds light between affordability and interest rates across various locales, from WA to New Farm.

To wrap up 2023, Sean and Goose discuss the timeless trio of factors—jobs, lifestyle, and affordability— that still rule the migration game. Join us as we unravel how the influx of 450,000 migrants raised the stakes, creating a housing crisis and a dearth of building approvals.

Looking ahead to 2024, find out the red flag waving for agents who can’t find on-market properties. Spoiler alert: patience will be the name of the game in this challenging market.

So, if you're ready to waltz into property success in 2024, don’t miss this one.

And if you love this episode, email us at podcast@dashdot.com.au, and don’t forget to subscribe, rate, and share this podcast.

See you on the inside! 

 

In this episode, we cover:

• 00:00 Coming Up
• 01:58 Decoding Property Market Trends: Unraveling Media Misconceptions
• 05:18 Navigating Affordability and Interest Rates in the Australian Property Scene
• 09:39 Unveiling the Dynamics of Australia's Real Estate Market
• 14:11 Property Prices in Flux: Understanding Migration Patterns
• 17:56 Immigration Impact: Examining the Intersection of Population Growth and Housing
• 23:01 Trends in Real Estate Investing: A Closer Look at Buyers' Advocates
• 27:57 Property Investment and Growth: Lessons from the Market Landscape
• 30:50 Property Market Trends and Consumer Confidence
• 36:35 Inflation, Interest Rates, and Migration: The Triad Shaping Australia's Economy
• 40:22 Australian Property Market: Navigating Trends and Seizing Opportunities
• 47:17 Thriving in a Tough Terrain: Property Investing Amid Challenges

 

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