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508 | Mid-Year Property Market Outlook 2024

By in Podcast, Property Investment

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🔮 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…  

483 | Housing is Undersupplied, So WHY are Home Values Falling? – Chat with Eliza Owen

By in Podcast, Property Investment

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In this week’s episode, we’re welcoming back an incredibly passionate and eloquent data analysis and reporting expert who is ALSO a returning guest. Please welcome back… 

Eliza Owen, Head of Residential Research Australia at CoreLogic!    

With her experience as a housing market researcher spanning nearly a decade, Eliza has reported on many of Australia’s critical housing issues, from affordability and credit conditions to the impact of the COVID-19 pandemic on market performance. 

In this episode, we’ll use her brilliant insights to explore precisely WHY we see the numbers in today’s property market, like…   

🏠 With Australia facing an undersupplied housing crisis, why are some market values still falling?!    

📉 How is the housing market defying economic predictions?    

🔄  And what’s going on with the inverse relationship between property values and interest rates?!    

Listen now to find out!  

  

P.S.  Stay tuned till the end for a sneak peek at CoreLogic’s webinar with Eliza & Effie Zahos, celebrating International Women’s Day and all the women in property. 🎉 

 

Free Stuff Mentioned

 

Graphs mentioned

Timestamps

  • 0:00 – Housing is Undersupplied, So WHY are Home Values Falling?  
  • 1:32 – Our 9th Birthday, can you help us + PICA Webinar Replay  
  • 4:09 – Mindset Minute: The Paradigm for Investors 
  • 9:17 – Welcome back Eliza Owen!  
  • 10:40 – Recap & Money Backstory  
  • 12:05 – Eliza has never used a credit card: Financial conversations & emotional responses to money 
  • 16:48 – Why she decided to buy a unit over a house!  
  • 21:56 – If housing is so undersupplied, why are some markets falling in value? 
  • 24:35 – How does changing family and renter demographics affect demand?  
  • 27:46 – The social problem with housing  
  • 30:18 – What is True Demand?  
  • 31:44 – If interest rates go down, will APRA’s 3% buffer rate go down  
  • 32:50 – How the housing market is defying economic indicators 
  • 33:43 – The inverse relationship of property values and interest rates  
  • 36:48 – 25.6% of properties purchased in cash?!  
  • 38:22 – The masterstroke in Western Australia’s market  
  • 41:24 – Are we seeing green shoots?  
  • 44:05 – How much of what we saw in 2023 is due to behavioural economics?  
  • 45:31 – If rates don’t pause, will more homeowners be forced to sell?  
  • 48:46 – The changing gap between housing and units 
  • 54:08 – The Substitution Effect: The Buyers of 2015/16 
  • 59:11 – Why CoreLogic’s “Women & Property” report matters 

And…  

  • 1:05:09 – What a fantastic session, thank you Eliza!  
  • 1:07:44 – Lifehack: How to stop feeling overwhelmed when juggling life  
  • 1:10:52 – WMPN: Greens going to vote against Labor’s Home Deposit Scheme 😮  

 

March Monthly Recap

By in Free Resources

Episodes

Ep 484 | Cracking the Code: Mastering the 60% Land to Asset Ratio

Kicking off our first Q&A session for 2024, we’re diving into the widespread economic and political factors that have become “the perfect recipe” for today’s housing crisis, dissect how to master the 60% of land-to-asset ratios and more!

484 - Cracking the Code: Mastering the 60% Land to Asset Ratio

485 | Must the Plane Have Landed BEFORE I Retire?

Is 64 too old to be starting a property portfolio?
Must your investment property be fully funded by the time one retires?
And why does investing with intention matter – even after you’ve acquired 5 properties?

In today’s Q&A we’re answering these fantastic questions that explore the many layers folks should consider BEFORE they choose to enter or exit the property game.

486 | “Stuff This!”: How to Tackle Financial Anxiety

Ep 486 | “Stuff This!”: How to Tackle Financial Anxiety

We’ve all experienced the gut-wrenching anxiety that comes with property investing, and it’s a natural response considering the large sums of money and extensive time involved.

But what happens when it becomes an overwhelming feeling that wakes you up at 2am?

Folks, this is just one of the REAL stories from today’s honest and inspirational Case Study episode.

486 - Tackle financial anxiety

Bonus Episodes!

Exploring “Scarcity” in Property Investment

Note: This episode is a re-run of one of our older episodes. It originally aired on 12th November 2015 😊

In this episode, we explore why the old adage of ‘location, location, location’ still rings true for property investment. We explore how 80% of your return is determined by where you buy and only 20% by what you buy.

Redefining Debt: The Game Changing Strategy You Need to Hear

In this week’s episode, Bryce makes a guest appearance on the Wealth Time Freedom (WTF) podcast, hosted by Terry Condon!   

They cover a wide range of topics including:
        💵 Horrible, tolerable and productive debt
        🏘️ How to pick an investment grade property
        👩‍👦‍👦 Demographic shifts that are likely to impact property prices over the next 5-10 years 

This bonus episode is all about the courage to pursue passion over expectations, cultivate financial resilience, and play the long game of property investment! 

Redefining debt

Free Stuff…

Property Suburb Report 

Learn how your suburb has performed and its changing community and properties. ‘Cos it’s our birthday month, we’re also giving it away for free!

Free Property Report

Corelogic’s Women in Property Report 

As Australians increasingly engage in conversations around gender equality, CoreLogic adds a new dimension to the debate – the issue of gender equity in property ownership. This year, they’ve also updated their survey methodology to offer new insights into the differences between genders in motivations, attitudes and barriers to getting on the property ladder.

CoreLogic Women and Property 2024

RBA Cash Rate Mar 2024 | Are We Facing Challenges with Sticky Inflation?

Welcome to the second RBA Rate Release of 2024!

Once again, our esteemed economist Evan Lucas and affable host, Ben Kingsley, reunite to decipher the latest economic trends and data in this month’s episode.

In this instalment, Ben & Evan covers sticky inflation in the US, dive deep into the December GDP Quarter Numbers, uncover the Bank of Japan’s Interest Rate Decision, and much more.

RBA March 2024

MOORR Webinar Replay: Best Tools for the Job – What to Use When?

Within Moorr, our money management platform, there are currently over 25 features and tools, providing more than 100 different insights!

We recently hosted a webinar covering the best tools for the job and revealed how all your data comes together to give you meaningful insights through our “track your progress” approach to money management.

Webinar Replay | Moorr’s Best Tools for the Job: What to Use When

Check out our other platforms for more free content:

Youtube >> 

Instagram >>

Facebook >>

 

466 | Like a Snake swallowing a Goat: Why interest rates aren’t controlling inflation – Chat with Nerida Conisbee

By in Podcast, Property Investment

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With today’s geopolitical tensions and growing inflation uncertainty, how is Australia’s commercial, construction and property sectors faring?

Plus, what can we expect from next week’s cash rate decision and why has this instrument been so ineffective in stopping inflation?!

Their big questions folks and luckily, here to help us unpack them is Nerida Conisbee, our good friend and Chief Economist at Ray White!

Nerida is a leading property expert who sits as the Chair of the Construction Forecasting Council and is a member of the Australian Taxation Office’s Foreign Investment Stakeholder Group.

As someone who provides regular updates on property market conditions to major Government bodies, Nerida will share her fantastic insights and help us to unpack…

 

👉 Why Australia needs to embrace density!
👉 Why has the Cash Rate been ineffective in dealing with inflation?
👉 How can tax concessions solve our housing supply problems?
👉 Are office assets no longer a safe class?!
👉 The commercial sector’s newest focus
👉 The property class that’s become most listed on Ray White, and
👉 A breakdown of CoreLogic’s November report!

Another timely and insightful property and economic update from Nerida, tune in now folks!

 

Free Stuff Mentioned

  • Check our Nerida’s previous episodes here >> (Tune in to 7:36 of Ep 358 to hear her Money Backstory!)
  • Read CoreLogic’s November Report here >>
  • Read PIPA’s 2023 Sentiment Survey (from What’s Making Property News!) here >>

 

Timestamps

  • 0:00 – Like a Snake swallowing a Goat: Why interest rates aren’t controlling inflation
  • 3:45 – Mindset Minute: If you squeeze an orange…
  • 6:34 – Welcome back Nerida!
  • 8:29 – The ACIF & Australia’s construction industry
  • 12:35 – How does industry impact Government Bodies?
  • 15:48 – Inflation uncertainty + Cash Rate predictions!
  • 19:50 – How can we get rid of NIBYSM with our spending?
  • 22:44 – Why the Cash Rate has been ineffective with controlling inflation
  • 25:50 – The Biggest Headwinds in Housing
  • 29:39 – CoreLogic’s November Report: The strongest market in Australia, price growth, and more…
  • 33:01 – Why we need to embrace density!
  • 36:34 – Using tax concessions to solve short-term housing supply…
  • 42:26 – The newest focus of the commercial sector!
  • 45:13 – These properties have seen the greatest changes in listings
  • 50:20 – Wow! Thank you Nerida 😊

And…

  • 52:07 – Lifehack: The Secret Behind Long Life
  • 56:50 – WMPN: What are investors looking to get out of property?

 

458 | Are We At The Turning Point? From Slow Growth To A Surge in Listings – Chat with Tim Lawless

By in Podcast, Property Investment

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Want to know what areas are booming with new listings?   

Or when the market tide will turn?    

Or even, how real estate agents accurately research and predict market trends?  

Well folks, returning to the couch for the FIFTH time (Yep. We seriously can’t get enough of this awesome guest!!) is: CoreLogic’s Research Director, Tim Lawless!  

He is one of Australia’s leading property market analysts and commentators who also heads a team of analysts in Australia and New Zealand. Together with his team, he provides reports on property market conditions and the interplay between economic and demographic forces.  

In this episode, we’ll be unpacking it all, from the economic and market conditions we’re seeing today to the surprising Winter data that was recorded and – of course – what this means for Buyers and Sellers alike as Spring approaches. 

Plus, we make the most of Tim’s super data-charged brain as he reveals the biggest factors impacting the affordability story this spring and the standout markets to watch for.   

A seriously insightful episode for investors heading into the spring buying season. Get prepared and give it a listen now! 😊 

 

 Give it a listen now or watch the Episode below! 

 

Free Stuff Mentioned… 

  • Research like a real estate agent! Check out CoreLogic now (Formerly RP Data).  
  • Discover the newest housing market trends this spring in CoreLogic’s August Property Pulse Report.  
  • Want more data-rich insights from Tim Lawless?  Listen to his previous episodes here.  

 

Here’s some of the gold we cover… 

  • 0:00 – Welcome back for the 5th time, Tim Lawless!  
  • 2:59 – Inside the Lawless household 
  • 4:47 – The newest CoreLogic report & the market today 
  • 10:38 – The Resurgence of Fresh Listings! 
  • 11:49 – Navigating the Rate Hiking Rollercoaster 
  • 12:51 – The sellers’ waiting game  
  • 14:40 – Winter data and the upward trend no one expected 😮 
  • 16:49 – Why Tim thinks housing prices will balance out soon… 
  • 18:53 – Is the Fixed Rate Cliff real?  
  • 19:59 – Are borrowers falling behind on their mortgages?  
  • 21:50 – Stock Levels & Standout Markets! 
  • 24:07 – The Biggest Factors Impacting the Affordability Story  
  • 27:07 – APRA is limiting our borrowing power… 
  • 29:04 – Population growth & migration on the housing market 
  • 31:04 – Which areas have had the biggest rise in listings?   
  • 34:21 – …And here’s the ones with the lowest listings! (EXPLAINED!)  
  • 35:34 – The hotspot drivers you should be looking for     
  • 40:27 – What game are you playing as an investor?  
  • 41:51 – How do Real Estate Agents research & predict the market?  
  • 45:25 – The Turning Point: S_n_im_ _t is the key factor!   
  • 49:12 – Spring Season Preview: What Lies Ahead?  

And… 

  • 50:40 – Thank You Tim + Key Takeaways!  
  • 54:05 – Lifehack: How to easily see written transcripts on YouTube  
  • 55:51 – What’s Making Property News: 2024 changes to tax brackets – how does it impact you?  

 

Want to work with Bryce & Ben’s Award-Winning Team? 

 

Get Moorr out of your money.
Log in or create your free account via the Moorr web platform, or download the app on Apple and Android and transform the way you view and track your wealth. 

 

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