What's ahead for property in 2024? In today's show I chat with Dr. Andrew Wilson who shares his expert analysis, highlighting which cities are poised for growth and which might hit a plateau.
Together, we explore the various economic factors likely to influence our housing markets in the year ahead.
Takeaways
• The property market is influenced by various economic factors.
• Interest rates are expected to remain stable in the near future.
• Affordability will be a key consideration for buyers in the year ahead.
• Consumer confidence plays a crucial role in property market dynamics.
• Melbourne's market is currently undervalued compared to other cities.
• Migration continues to impact housing demand positively.
• Brisbane, Adelaide, and Perth show strong growth potential.
• Understanding the unique characteristics of each market is essential for investors.
Chapters
00:00 Forecasting the Housing Market for the New Year
00:30 Insights from Property Experts
00:58 Understanding Market Influences
01:36 2024 Property Market Overview
07:35 Economic Factors Influencing Property Markets
13:33 Regional Market Dynamics and Affordability
19:46 Melbourne's Unique Market Challenges
23:30 Forecasting the Future of Property Markets
28:26 Understanding Market Trends
Links and Resources:
Michael Yardney
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Shownotes plus more here: Property Forecasts, State by State from Dr. Andrew Wilson
