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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…  

507 | “I Won’t Have Enough to Live Comfortably”: The 3 Greatest Generational Fears of All Time! – Chat with Mark McCrindle

What should property investors focus on as we prepare for Australia’s next population growth wave?  

Class division: We rarely think about it in Australia, but could it become our reality as the gap to enter the property market continues to widen? 

To help us unpack this and more, we’re welcoming back Mark McCrindle (who last appeared on the podcast in Ep 185), the social analyst and demographer expert who coined the newest demographic: Generation Alpha!  

Mark’s passion in life is tracking social trends across Australia and communicating these groundbreaking insights and generational analyses.

As a sought-after commentator and advisor to executive boards and committees across Australia, he is also the author of five books and the founder of McCrindle, a company that provides demographic data for pretty much any field!  

Today, we have the privilege of picking his brains on:  

  • How decoding generational trends is the hidden KEY to helping individuals make informed and strategic choices with their money and finances.  
  • The three greatest fears and aspirations each generation faces. 
  • Financial Stress: It’s one of the greatest causes of mental health issues and relationship breakdowns. So, how is it spread across different demographics?  

If you want to start making more strategic financial and investing decisions, tune in now!  

 

Free Stuff Mentioned…

  • MOORR WEBINAR: From Data to Decisions 7:30pm AEST, Tuesday 20th August
    Set yourself up for investing success with Moorr, your all-in-one money management platform. Discover how to efficiently run and manage your investment portfolio from one platform and uncover Moorr’s newest features, from the life-changing Property Cashflow Projection to its advanced Rental Analysis calculator.
    Register for it today >>   
  • PICA’s 2024 Annual Investor Sentiment Survey: Final week to have your say! 
    We want to hear your thoughts and experiences as landlords on issues across Australia’s property market. This data will protect property investors and their investments against negative regulatory changes. Share your thoughts today!  
  • Set specific financial goals with Moorr, your all-in-one money management platform for all your investments.  

 

Timestamps

  • 0:00 – “I Won’t Have Enough to Live Comfortably”: The 3 Greatest Generational Fears of All Time!  
  • 1:25 – From data to decisions, final weeks to complete the PICA survey and…Ben’s all for Freo?!  
  • 5:24 – We want to hear from you! Our 2025 Summer Series is fast approaching… 
  • 6:10 – Mindset Minute: “Your life is NOT margaritas on a beach in Jamaica”  
  • 9:15 – Welcome Mark!  
  • 10:14 – How can understanding generational trends help individuals make more strategic choices about their money and finances? 
  • 11:55 – Money Story: “There wasn’t any sit-down money.”  
  • 17:00 – Why learning in life is the key for Mark 
  • 18:41 – Record population growth: How long till Australia reaches 26M?  
  • 20:16 – Why Australia needs a managed migration program  
  • 21:53 – Where is the “sweet spot” for growing the economy?  
  • 24:18 – Melbourne’s population to overtake Sydney  
  • 26:21 – The Groundwork: Defining generation’s financial characteristics since 1945 
  • 30:37 – Why the Baby Boomers aren’t the “lucky generation” they’re pegged to be  
  • 35:21 – What matters MOST to each generation?  
  • 37:37 – “They’ve seen that the pension is not going to be universal”: Why has value in financial independence skyrocketed?  
  • 38:41 – Why has the nest egg historically been significant?  
  • 40:51– As debt builds, is the Great Australian Dream dying?  
  • 46:47 – The Three Greatest Fears of All Time – by generation  
  • 50:21 – Wealth vs. Income: “They can exchange that time for money at a higher rate than we’ve ever seen.”  
  • 54:29 – Workforce changes & financial literacy: Will AI help or hinder job opportunities for younger generations?  
  • 57:21 – The tipping point & where will Australia grow to?  
  • 1:00:44 – “At entry level, policy is not working”  
  • 1:02:53 – Why Australia is truly the lucky country  

And… 

  • 1:08:30 – What a fantastic guest!  
  • 1:12:25 – From iconic social markers to music players by generation    
  • 1:14:02 – Lifehack: Got a long car ride with the kids? Try this…  
  • 1:15:00 – WMPN: 67% of people with clearly defined saving goals feel more confident about their well-being in retirement. 

 

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

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… 

 

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 are 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. 

 

438 | REVEALED: Avoid these Property Buying Myths

There are many myths about buying property, but… it is important to avoid the hype of the headlines folks! 

In this week’s episode, we tackle some of the biggest property-buying myths going around – and bust them right open with facts and real-life examples from our team on the ground.  

This is Part 2 of our series on myths and misconceptions and today we unpack some of the big ones; 

🔎 Are property prices dropping?? 

🔎 The Time it takes to transact   

🔎 What is a Bargain Property? 

🔎 Unpacking the perfect property myth   

🔎 Set and forget strategies are non-existent…  

🔎 What is the Growth Corridor and what is the corridor measuring???   

🔎 How to avoid the hype!! 

Another jam-packed episode for you as we separate fact from fiction when it comes to buying property! 

Tune in now or watch the episode below 😊 >>

 

Free Stuff Mentioned… 

  • Looking for an experienced Buyers Agent? Book in a free, no-obligation consultation with our team who’ll steer you away from any myths towards financial freedom. Get your free appointment here >>  
  • Are you MoneyFIT? Find out in Moorr, your next-generation money management platform. Sign up online, or download the Apple or Google Play app now!

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

 

Here’s some of the gold we cover… 

  • 0:00 – The next installment of our Mythbusters series   
  • 03:30 – Yes, we have had an interest rate pause….. BUTbe cautious    
  • 03:36 – What are the rhythms we are really looking for??   
  • 04:12 – Mindset Minute……   
  • 04:45 – Myth #1 – Are property prices _______??    
  • 06:02 – At the coal face of property buying in Melbourne…  
  • 07:18 – Are listings really moving this quickly??  
  • 08:49 – Why our team is missing out… Why we need to be wary of the headlines…    
  • 10:05 – This property was a perfect storm   
  • 15:40 – Is The uncertainty of COVID dissipating??  
  • 16:11 – Are all buyers at the mercy of interest rates??   
  • 17:13 – This is a Warning signal … AND  a leverage point    
  • 18:25 – What about Adelaide..   
  • 19:00 – Is it affordable??  
  • 20:00 – High competition…. Where is the demand coming from?  
  • 22:10 – Why do we keep reinforcing suburb and property types?  
  • 22:35 – How are we learning from the missed deals?  
  • 22:55 – …and the Brisbane market   
  • 23:50 – What is the mindset and conditioning of these buyers??   
  • 26:05 – Perth… Why are they saying it’s nuts!!!   
  • 28:08 – Are Investors acting irrationally???   
  • 29:27 – Is demand exceeding supply??  
  • 30:35 – Will property prices stabilise?    
  • 34:06 – Will we see interest rate falls and what will that do to borrowing power??  
  • 34:33 – Times are very different now… Who does this speak to?   
  • 36:00 – Will we see more growth instead of a correction?   
  • 36:14 – When can you predict the bottom?   
  • 37:00 – Myth # 2 – Time to ______  
  • 37:27 – It takes time to get ready!!!!   
  • 39:05 – Myth #3 – ______ property    
  • 39:41 – Do your fundamentals stack up?   
  • 40:32 – What’s with the bargaining rack at the shopping mall??  
  • 41:42 – Myth #4 – The ______ property myth    
  • 41:59 – Is this an alibi for procrastination???  
  • 44:15 – When do you say enough is enough?  
  • 44:40 – Myth #5 – Low _______ properties   
  • 44:56 – Why Set and forget strategies are non-existent…  
  • 48:12 – Investing is a process…. Not an EVENT   
  • 48:39 – Myth #6 – The ______ Corridor    
  • 48:52 – What is the corridor measuring???   
  • 49:50 – Are you investing in the developers’ profits????   
  • 53:50 – The four ways an investor pays? https://thepropertycouch.com.au/episode-019-four-ways-investor-pay-wrong-asset/   
  • 54:15 – What are the key takeaways?  
  • 54:20 – All of OUR underlying principles remain   
  • 55:40 – Avoid this – SIMPLE!!!  
  • And…   
  • 56:10 – Lifehack: How to game the big tech companies from surveillance capitalism  
  • 59:30 – What’s making property news?? 

 

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. 

 

437 | The Biggest Danger people face when looking at property data

When it comes to property investment, data is a very valuable tool for making informed decisions. However, looking at single data measures can be dangerous, especially when it comes to something as complex as the housing market. To truly understand affordability and sustainability, we need to consider a range of factors and look at the bigger picture.  

Take median house prices, for example. This is a commonly used statistic that can give us a general idea of the state of the housing market. However, by itself, it can be misleading.  

Folks, in episode 437, we have the perfect guest to help us unpack all things property data, what to look for and the dangers of looking at single data measures. We sat down with Kent Lardner, one of Australia’s best and most respected property data analysts. Kent has over 30 years’ experience in the industry focusing on property data and analytics. 

We will be diving deep into:  

🔣 The Dangers of looking at Single Data Measures  

🔣 Looking at Median House Prices as a descriptive statistic 

🔣 Affordability – What To Look For 

🔣 Are Rent Rises Sustainable? 

🔣 Kent’s craft and How it Influences his Decisions  

🔣 And of course, unpacking everything going on in the market today  

You’re in for a massive episode today that’s full of knowledge and insights into what to look for when analysing property data! 

Tune in now or watch the episode below 😊  >>

 

Free Stuff Mentioned… 

  • Looking for an investment-savvy mortgage broker? Book in a free, no-obligation consultation with our team who’ll steer you away from any myths towards financial freedom. Get your free appointment here >>  
  • Are you MoneyFIT? Find out in Moorr, your next-generation money management platform. Sign up online, or download the Apple or Google Play app now!

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

 

Here’s some of the gold we cover… 

  • 00:00 – All the awesome stuff we’re covering today! 
  • 02:28 – Let’s talk about reviews… 
  • 09:24 – Mindset Minute…. Real estate cannot be lost or stolen 
  • 11:10 – Let’s welcome today’s guest…. Kent Lardner  
  • 12:58 – Just some of the reasons we are so excited to have Kent on the couch!! 
  • 13:18 – Let’s take a deeper dive into Kent’s money story growing up 
  • 15:10 – How humour in his family made growing up FUN 
  • 21:28 – The pivotal moment where things shifted from the sale of Price Finder!! 
  • 24:12 – RBA announcement – what does it mean? 
  • 32:07 – What does it mean for us folks when listings pause? 
  • 34:10 – The Dangers of Single Data Measure 
  • 34:47 – Unpacking Suburb Medians 
  • 35:04 – Utilising Time Trendlines… How things change over time 
  • 36:30 – SA1, SA2 and SA3…. What does this actually mean? 
  • 39:37 – What’s the big story??… 
  • 42:31 – New stock being released and the impact it has.. 
  • 43:32 – Volatility through time.. 
  • 44:13 – Hedonic indexes and accounting for variances 
  • 45:38 – Buying at property level, not suburb level 
  • 46:25 – Is the market tanking??? 
  • 46:42 – Why it is important not fall into the hysteria 
  • 47:30 – Creating confidence in analysing the data 
  • 47:32 – What data to analyse… 
  • 48:36 – Prices are tough… Why to look at listings!! 
  • 49:40 – Is a price crash looking likely? 
  • 50:15 – AFFORDABILITY…. What to look for! 
  • 53:02 – Why Rent rises are NOT sustainable 
  • 56:25 – Census data or CHAT GBT?  
  • 59:20 – What happens if markets detach from locals 
  • 1:04:20 – Kents Evergreen Metric for long term suburb growth 
  • 1:05:30 – How to correctly use Census data 
  • 1:06:15 – Using employment categories to analyse data 
  • 1:06:50 – Is it a solid rental market? 
  • 1:15:40 – How does mastering Kent’s craft influence his decisions 
  • 1:16:29 – What is causing Kent’s ANALYSIS PARALYSIS 

And…   

    • 1:18:00 – Thanks so much to you Kent for sharing your amazing knowledge  
    • 1:24:00 – Lifehack: Did you know about The Apple Focus function?? 

 

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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