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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…  

RBA Cash Rate August 2024 | Why Australia is OUT of Cycle with the Rest of the World

Welcome to the fifth RBA Rate Release of 2024 with Ben Kingsley and Evan Lucas!  

Here’s a sneak peek into what our hosts cover in today’s episode: 

📺 RBA’s Cash Rate Decision: Find out all about the Reserve Bank of Australia’s latest cash rate decision, as announced at 2.30pm (AEST) today! 

📈 Australia’s Rising Inflation: Annual inflation in Australia is up to 3.8%, but still within the long-term trend. Property prices are mixed, with Sydney’s growth slowing and Perth and Adelaide showing strong growth. 

🤷 Mixed Signals In the US: The US shows mixed data, with GDP growth driven by consumer and government spending. The Federal Reserve keeps rates steady but is open to possible rate cuts. 

🌱 EU’s Steady Growth: The European Union’s economy shows steady GDP growth at 0.3%, with inflation ticking up to 2.6%. The ECB keeps rates unchanged but hints at possible future rate cuts. 

🌟 Exciting Changes Ahead: We’re shaking things up with our RBA cash rate announcements. Soon, you’ll be able to catch Ben & Evan’s commentary LIVE! Plus, we’ve got a quarterly Property Market Update session with Bryce & Ben in the works. More details to come, so stay tuned. 

PSA: If it’s been some time since you last took a look at your home loan, it might be time to hit up your Mortgage Broker and get a review sorted.

If you’re on the lookout for an investment-savvy Mortgage Broker, our award-winning sister company Empower Wealth has you covered! Empower Wealth’s expert team can give your current mortgage a once-over – just fill in the form below to book your free consultation.






RBA Cash Rate June 2024 | Australia Faces Slowest GDP Growth in Decades

Welcome to the fourth RBA Rate Release of 2024 with Ben Kingsley and Evan Lucas!   

Here’s a sneak peek into what our hosts cover in today’s episode: 

📺 RBA’s Cash Rate Decision: Find out all about the Reserve Bank of Australia’s cash rate decision, as announced at 2.30pm (AEST) today! 

📈 Australia’s GDP Growth Woes: Australia’s economic growth has slowed significantly, with GDP growth hitting its lowest since the early ’90s recession. But population growth is helping to keep the country from a full-blown recession. Meanwhile, the RBA is getting restless with inflation still running high. 

🏅 Employment Market Tightness: Australia’s job market is super tight, with strong demand for workers and a record number of people juggling multiple jobs. This shows some economic strength, but falling household savings amidst rising consumption could mean trouble ahead. 

🏠 Property Market Trends: Property finance is on the rise, with more new loan commitments for owner-occupier housing and investment properties. Ben breaks down land tax and rental yields across different states, giving us key insights into the property market and what it means for investors and policymakers. 

Whether you’re an investor, homeowner, or just curious about economic trends, this episode is packed with valuable insights! 

PSA: If it’s been some time since you last took a look at your home loan, it might be time to hit up your Mortgage Broker and get a review sorted.

If you’re on the lookout for an investment-savvy Mortgage Broker, our award-winning sister company Empower Wealth has you covered! Empower Wealth’s expert team can give your current mortgage a once-over – just fill in the form below to book your free consultation.






RBA Cash Rate May 2024 | The Inflation Psychology Story

Welcome to the third RBA Rate Release of 2024 with Ben Kingsley and Evan Lucas!  

Here’s a sneak peek into what our hosts cover in today’s episode: 

📺 RBA’s Interest Rate Decision: Find out all about the Reserve Bank of Australia’s cash rate decision, as announced at 2.30pm (AEDT) today! 

📈 Australia’s Inflation Challenges: The Q1 inflation rate is at a stubborn 3.6%, which is above the RBA’s comfort zone of 2-3%. Find out why non-tradables like healthcare and rental housing are giving inflation a nudge, as well as the potential interest rate adjustments in light of the upcoming federal budget. 

🏅 Employment Landscape: While there are mixed trends in US and Australia’s employment situations, Australia shows many positive signs with record-high participation rates and an all-time high in female employment. 

🏠 Property Market Dynamics: Despite expectations, property prices in Australia are on the rise. We’ll explore the ups and downs of the market, driven by high demand in some areas and scarcity in others. Get ready for a deep dive into what’s happening now and what it means for future property investments. 

💰 The Inflation Psychology Story: Ever heard of the “buy now or regret later” mindset? It’s a self-fulfilling prophecy where high prices make people rush to buy, which, in turn, keeps prices high. Ben & Evan discuss this consumer mindset and its effects on inflation. 

Whether you’re a seasoned investor, house hunter, or just curious about economic trends, this episode is a must-listen!  

 

 

PSA: If it’s been some time since you last took a look at your home loan, it might be time to hit up your Mortgage Broker and get a review sorted.

If you’re on the lookout for an investment-savvy Mortgage Broker, our award-winning sister company Empower Wealth has you covered! Empower Wealth’s expert team can give your current mortgage a once-over – just fill in the form below to book your free consultation.







 

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 independent 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, we embark on a journey into the realm of economics – endeavouring to unravel its rich tapestry and better understand its implications. Here’s a glimpse into the topics Ben & Evan will cover:

📈 Sticky Inflation in the US: We delve into inflation and its tenacity within the US economy, exploring its implications for consumers and businesses alike.

📊 Deep Dive into December GDP Quarter Numbers: We take a close look at the recently released GDP quarter numbers for the Australian market, seeking to glean insights into the underlying economic dynamics.

🏦 Bank of Japan’s Interest Rate Decision: Venture with us into the East as we explore the deliberations of the Bank of Japan regarding a potential rate “hike” after over 15 years, and its potential ripple effects on the global economic landscape.

🇦🇺 Australian Economic Outlook and Predictions: We offer our perspectives on the prevailing economic conditions in Australia and the conundrum faced by the Reserve Bank of Australia (RBA) as it navigates through uncertain waters.

💡 Monetary Policy and its Limitations: We discuss the effectiveness of monetary policy as the sole tool for managing inflation, considering interest rate movements only impacts one-third of the Australian population.

Join us as we embark on this quest to demystify the complexities of the economic realm and provide clarity amidst the fog of uncertainty. Now, let’s delve into this month’s update!

 

 

PSA: If it’s been some time since you last took a look at your home loan, it might be time to hit up your Mortgage Broker and get a review sorted.

If you’re on the lookout for a savvy Mortgage Broker, our award-winning sister company Empower Wealth, has you covered! Our expert team can give your current mortgage a once-over – just fill in the form below to book your free consultation.







 

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