))
S2E10: Permanent Shift or a Cold Snap in the Australian Property Market?
Manage episode 435377676 series 3567683
Content provided by It's Simple Finance. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by It's Simple Finance or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ro.player.fm/legal.
Is the Australian property market on the brink of a major shift, or are we just seeing temporary hiccups? Join us on this episode of the Finance Show with Joe as we uncover the latest trends in housing values across major capital cities. CoreLogic’s recent data reveals a cooling off in housing values, presenting both opportunities and challenges. First-time buyers might find some relief in more affordable prices, while property investors could face a bumpy road ahead. We’ll break down how rising living costs and high interest rates are playing a pivotal role in shaping these trends.
We then zoom in on the dramatic shifts within Sydney and Melbourne's property markets. For example, a Blacktown couple who enjoyed a staggering 20% gain in just six months. However, this growth is not uniform citywide. Wealthier areas like Cronulla and Miranda are showing signs of stabilization or even potential dips. Plus, with broader economic issues like stagnant wages and construction company bankruptcies, we question the sustainability of these markets. We also touch on the seasonal nature of property trends and the possibility of a market boom later in the year.
Lastly, we tackle the critical question of whether current market trends are genuine shifts or just temporary fluctuations. With the end of the financial year in sight, the focus is shifting towards refinancing over new property purchases. We emphasize the strategic importance of accessing equity now to facilitate future investments. Balancing immediate financial prudence with long-term investment goals becomes paramount in these uncertain times. Tune in for a comprehensive analysis that offers invaluable insights for first-time buyers, seasoned investors, and everyone in between.
Follow us for more property news and mortgage advice!
▸Website - https://itssimple.com.au
▸Instagram - https://www.instagram.com/itssimplefinance/
▸Facebook - https://www.facebook.com/itssimplefinance/
▸LinkedIn - https://www.linkedin.com/company/itssimple/
Capitole
1. Australian Property Market Cooling Analysis (00:00:00)
2. Sydney and Melbourne Property Market Shift (00:09:50)
3. Australian Property Market Shift Analysis (00:15:01)
4. Property Market Hiccup and Refinancing (00:27:38)
30 episoade
Distribuie
