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508 | Mid-Year Property Market Outlook 2024

🔮 We’re back with our mid-year property market outlook! 🔮

As we approach the end of 2024, staying informed is more important than ever.
That’s why we’re diving deep into the latest figures to provide you with a comprehensive analysis of the key trends driving the “markets within markets.”

So, where is the property market headed as we close out the year?

Here’s what we cover:

  • 2024 Market Predictions: What We Got Right and Wrong
  • Defying the Odds: Why Some Markets Are Showing Resilience
  • EXPLAINED: The Growing Crisis in Housing Supply
  • RBA Cash Rate Review and What’s Next?
  • Is a Hard Landing in Store with our Inflation Story?

Get a glimpse into the future (Thanks to Corelogic’s in-depth data) by listening in now! 😊

Free Stuff Mentioned…

 

Timestamps

  • 0:00 – Mid-Year Property Market Update 2024  
  • 3:41 – Watch this episode on YouTube! 
  • 4:11 – Moorr Webinar replay, PICA Sentiment Survey & Summer Series shoutout
  • 9:23 – Mindset Minute: Why don’t parents talk about money with their kids?  
  • 11:15 – Where are we today? Year-to-date growth 
  • 13:14 – Did we predict 2024 correctly?  
  • 17:38 – The base case: No recession incoming! Here’s why.  
  • 19:41 – RBA’s cash rate in review  
  • 20:34 – The summary of February’s supply: Surprising market resilience and overall stock  
  • 22:33 – New supply levels of property: Is Spring still the selling season with a 2.5% change? 
  • 26:32 – Total new listings: Is loss aversion creeping in?  
  • 31:27 – Building Approvals: A worsening undersupply and what caused the sharp upward spike?  
  • 35:36 – How much momentum can this positive story continue with?  
  • 37:07 – New financing: Reconciling THIS fascinating chart  
  • 39:31 – Where the market activity is based on total lending  
  • 41:16 – The Rental Story: Why are we seeing cooling markets across Sydney & Melbourne? 
  • 45:47 – Rental yields and average weekly costs  
  • 48:40 – February Recap: The Downside & Upside Story  
  • 50:04 – New August updates: Is a harder landing in store?  
  • 53:11 – Why we should be price takers, not price makers!  
  • 54:37 – Demand & Supply Ratio: Which state is sitting at a healthy 62%?  
  • 57:05 – Days on Market & Vendor Discounts (aka which markets are cooling?)  
  • 1:01:25 –  Market Sentiment: Why do most people expect house prices to continue going up?  
  • 1:05:21 – Where price activity is happening: “The seller has to meet the market”  
  • 1:09:04 – Rental demand and the yields story  
  • 1:11:24 – Recap 
  • 1:13:13 – Into the next 6 months: Rate rises, APRA’s buffer rate & which markets are finishing strong  
  • 1:22:51 – “Property is a big part of Australia’s DNA”    

And… 

  • 1:25:55 – Lifehack: Incentivise your kids…  

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