The Property Podcast TPP615: Our reflections and lessons from 2024
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Dec 26, 2024 Rob & Rob take a deep dive into the surprising stability of the property market in 2024, countering earlier pessimistic views. They discuss how political events influenced investments, stressing the need for personal focus amidst the chaos. The duo reflects on their growth and aspirations for 2025, sharing insights on Fred Harrison's property cycle theory and the resilience of the market. Overall, it's a mix of personal anecdotes and valuable lessons that encourage optimism for the future.
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2024 Property Market Resilience
- The 2024 property market defied negative predictions, proving more resilient than expected.
- It wasn't a boom year, but a steady one, which is good for investors.
Property Cycle Disruption
- Property cycles suggest a boom precedes a bust, but the anticipated boom hasn't occurred.
- The 18-year property cycle's accuracy is now questionable, possibly due to COVID's impact.
Impact of Political Events
- Political events like elections significantly impact public sentiment but don't drastically change property investment.
- Rob D emphasizes the importance of not overreacting to political events and insulating oneself from the drama.