What Drives Real Estate Cycles: Insight into Booms and Busts

Real estate cycles can be challenging to navigate, but understanding what drives them is crucial for anyone wanting to succeed in the industry.

In this episode, we dive into the complex interplay of factors that contribute to the booms and busts of the housing market. Our guest, Eliza Owen, Head of Research at CoreLogic Australia, shares her data-driven insights to help you make sense of the current state of the Australian housing market.

Join us as we explore the impacts of inflation trends, the surprising effects of the pandemic on human behaviour, and more! 

If you want to stay ahead of the curve in the ever-changing real estate industry, make sure to tune in to this episode - it's one you definitely won't want to miss!

Episode Highlights:

00:00 - Welcome to The Elephant in The Room Property Podcast!

01:19 - Our guest for today, Eliza Owen

02:31 - Dangers of past trends vs focusing on high-frequency metrics in real estate markets

06:44 - Surprising impacts of the pandemic on human behaviour and property markets

12:38 - Homeowners explore alternatives to selling amidst pandemic

15:06 - Inflation trends and their impact on the housing market

18:22 - Exploring the unpredictable factors fueling Australia's inflationary spikes

20:04 - Understanding the boom and bust of the expensive property markets in Australia

23:32 - Why Perth and Adelaide are emerging as unexpected property hotspots

29:29 - The importance of context in understanding property transactions

37:22 - Understanding the correlation between medians and home value index

41:00 - How 2023 is looking for Eliza

43:44 - How build-to-rent is reshaping the rental property landscape

45:41 - Can corporations solve Australia's affordable housing crisis?

46:37 - Can better housing availability improve retirement security for renters?

48:06 - Housing affordability crisis in Australia: Proposed solutions and challenges

56:49 - Eliza’s recent property Dumbo

Resources:

• Visit our website https://www.theelephantintheroom.com.au
• FREE Mapping the Market Report (https://www.corelogic.com.au/our-data/mapping-market)
• FREE Monthly Housing Chart Pack (https://www.corelogic.com.au/news-research/reports/monthly-housing-chart-pack)

If you enjoyed today’s podcast, don’t forget to subscribe, rate, and share the show! There’s more to come, so we hope to have you along with us on this journey!

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