508 | Mid-Year Property Market Outlook 2024

The Property Couch

🔮 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)!

FREE STUFF MENTIONED

• Webinar Replay: Data to Decisions: Moorr’s Tools for Savvy Property Investors
  We reveal how Moorr can help you efficiently run your small business as a property investor. Watch the replay here >>
• Come onto the couch for our 2025 Summer Series!
  Send us your story, and we’ll reach out to you if you’ve been shortlisted – no story is “too small”, folks. Share your property investing journey today >>
• PICA 2024 Sentiment Survey closes NOW!
  Don’t leave it to others; have your say on issues affecting landlords across Australia. Use your voice to protect property investors now >>
• Our award-winning, investment-savvy Mortgage Brokers have just saved our clients $4M. Find out how we’ve achieved our greatest goal yet >>
• Guests & Episodes Mentioned:
  • Eliza Owens
  • Jan Somers
  • 481 | Property Market Outlook 2024
  • 507 | “I Won’t Have Enough to Live Comfortably”– Chat with Mark McCrindle

LISTEN TO THE FIRST 20 EPISODES HERE >>
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Chapters

1. Mid-Year Property Market Update 2024 (00:00:00)

2. Watch this episode on YouTube! (00:03:41)

3. Moor Webinar replay, PICA Sentiment Survey & join us on the couch! (00:04:11)

4. Mindset Minute: Why don’t parents talk about money with their kids? (00:09:23)

5. Where are we today? Year-to-date growth (00:11:15)

6. Did we predict 2024 correctly? (00:13:14)

7. The base case: No recession incoming! Here’s why. (00:17:38)

8. RBA’s cash rate in review (00:19:41)

9. The summary of February’s supply: Surprising market resilience and overall stock (00:20:34)

10. New supply levels of property: Is Spring still the selling season? (00:22:33)

11. Total new listings: Is loss aversion creeping in? (00:27:12)

12. Building Approvals: A worsening undersupply and what caused the sharp upward spike? (00:32:07)

13. How much momentum can this positive story continue with? (00:36:16)

14. New financing: Reconciling THIS fascinating chart (00:37:47)

15. Where the market activity is based on total lending (00:40:11)

16. The Rental Story: Why are we seeing cooling markets across Sydney & Melbourne? (00:41:56)

17. Rental yields and average weekly costs (00:46:27)

18. February Recap: The Downside & Upside Story (00:49:20)

19. New August updates: Is a harder landing in store? (00:50:44)

20. Why we should be price takers, not price makers! (00:53:51)

21. Demand & Supply Ratio: Which state is sitting at a healthy 62%? (00:55:17)

22. Days on Market & Vendor Discounts (aka. Which markets are cooling?) (00:57:45)

23. Market Sentiment: Why do most people expect house prices to continue going up? (00:57:45)

24. Where price activity is happening: “The Seller has to meet the market” (01:06:01)

25. Rental demand and the yields story (01:09:44)

26. Recap (01:12:04)

27. Into the next 6 months: Rate rises, APRA’s buffer rate & which markets are finishing strong? (01:13:53)

28. "Property is a big part of Australia’s DNA” (01:23:31)

29. Lifehack: Incentivise your kids... (01:26:35)