Inside Domain’s Property Forecast Report: What’s Next for House Prices with Dr. Nicola Powell
On today’s episode, Dr. Nicola Powell, the Chief of Research and Economics at Domain, and I want to discuss her latest Domain House Price Forecast Report, and I ask her to share her property forecasts for the financial year 2025.
We'll delve into the key findings of the report, explore regional variations in house prices, and discuss the economic factors influencing the market. We'll also cover the impact of interest rates, government policies, and supply and demand dynamics on the housing sector.
I’m sure you’ll find this episode packed with valuable insights you won't want to miss, so let’s get on with the show.
Australia's Property Market: Growth Predictions and Policy Impacts
Together, Nicola and I discuss various aspects influencing the market, including forecasts, policy impacts, and strategic investment opportunities. Take a look at some key highlights from our conversation.
● The latest Domain House Price Forecast Report and the expected trends in house prices across Australia
○ Prices will continue to rise
○ However, the pace of price growth should slow from previous levels
● The importance of sustainable growth rates to avoid market volatility and downturns
● Regional differences, including Perth's expected growth
○ The performance of regional markets in Queensland, New South Wales, and Victoria
● The impact of housing policies on affordability trends
○ The historical influence of government shifts on property values
● The challenges in meeting the government's target of 1.2 million new homes
○ The shortage of skilled tradespeople
● Migration caps and workforce shortages and their implications for the housing market
● The influence of APRA's 3% interest rate buffer on serviceability and the housing market
● Melbourne's potential for growth due to increased immigration and opportunities for buying below intrinsic value
Our conversation emphasizes the importance of strategic decisions and optimism in achieving financial success in real estate, which will be helpful to listeners no matter whether you’re new to property or a seasoned investor.
Links and Resources:
Get the team at Metropole to help build your personal Strategic Property Plan Click here and have a chat with us
Dr Nicola Powell, Domain’s Chief of Research and Economics
Domain’s Home Price Report
Get a bundle of eBooks and reports - www.PodcastBonus.com.au
Some of our favourite quotes from the show:
“Obviously, during COVID, regional Australia shot up. Property values grew. That was partly because people moved there. But I think one of the things people missed was also people not moving out of regional Australia.” - Michael Yardney
“I think I was lucky. I've learned not to try and time the market but just manage my cash flows.” -Michael Yardney
“So, if you're a pessimist, you're literally sabotaging your life. You're pushing the very people you need away, and you're left with no choice but to rely on yourself.” - Michael Yardney
PLEASE LEAVE US A REVIEW
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Пікірлер: 87
I lost over $70k when everything started to tank. Not because I was in an exchange that went belly up. I was just stupid to hold and because that's what everyone said. I'm still responsible. It just taught me to be a better investor now that I understand more of what could go wrong. It took me over two years of being in the market, I'm really grateful I found one source to recover my money, at least $10k profits weekly. Thanks Natalie Strayer
@Brucelanham845
Ай бұрын
I'm surprised that you just mentioned Natalie Strayer here also Didn’t know she has been good to so many people too this is wonderful, i'm in my fifth trade with her and it has been super.
@Nguyenvictory83
Ай бұрын
The very first time we tried, we invested $2000 and after a week, we received $9500. That really helped us a lot to pay up our bills.
@Dederickgeorge
Ай бұрын
Natalie Strayer has really set the standard for others to follow, we love her here in Canada 🇨🇦 as she has been really helpful and changed lots of life's
@Rodriguezpaul-9
Ай бұрын
I'm new at this, please how can I reach her?
@Charlottehornets4
Ай бұрын
After I raised up to 125k trading with her I bought a new House and a car here in the states also paid for my son's surgery Glory to God shalom.
Fantastic Michael great episode 🧱
@MichaelYardney
Ай бұрын
@CookieMonster-wy4qb thanks as always. our little mate must be at work today?
@CookieMonster-wy4qb
Ай бұрын
@@MichaelYardney nope his full time occupation is to watch Michael Yardney real estate videos & pose oppositional comments! He lays nothing 🧱
@emp731
Ай бұрын
@@CookieMonster-wy4qbno it is YOU who lays nothing..Paid little troll
@emp731
Ай бұрын
What was Soo fantastic about it? Your pay check for trolling?
@CookieMonster-wy4qb
Ай бұрын
@@emp731 cookie trolls nobody your on my real estate here boi
The property forecast can change as the political parties may at the next election. The housing crisis and the inflation problem is all due to the Labor governments immigration policy. They are using immigration to "grow the economy" by adding more consumers. It's starting to effect the unemployment rate now as well. Labor brought in over 1 million people in the last 12 months. Australia built 164,000 homes in 2023. Even if we cut immigration to zero, it would still take 6 years of building houses to catch up. That's the problem with importing a population as opposed to growing your population. One needs houses NOW, the other needs houses staggered as the grow up. We need to stop all immigration and put family policies into place. Even something as simple as a $4,000 tax return per child per year per family unit until they reach 16. The important part of that statement is FAMILY UNIT. Single moms get nothing. That just encourages rorting of the system. And it's in your tax return, so if you pay no taxes, "You get NOTHING! Good day sir."
Reason for the current property market prices is due to corruption by state and federal governments.
@peterforsyth962
Ай бұрын
Recruitment agency for next generation of 'Bank Slaves.' 20-25 years to save for a deposit and then another 40 + years to pay back Big Banks. Shameful. 😢😢😢
@MichaelYardney
Ай бұрын
@peterforsyth962 thanks for listening to our podcast
@peterforsyth962
Ай бұрын
Micheal, you present as the smartest guy in the room. May I suggest,if so, you are in the wrong room. Micheal maybe use your voice and knowledge to be part of a solution to the worsening housing affordability crisis that is rapidly eroding the social fabric of Australia. What about a guest with a contrary view..maybe Leith van Onselen? Social unrest is escalating with hourly media reminders of a reality far removed from the Australia we lived and indeed thrived in. I get that your narrative relies on pumping current and future demand, however I will continue th advocate for an Australia that promotes 'hopeium' without which we will ALL continue to lose our freedoms/liberties and BASIC human rights. Part of the solution or part of the problem???
@emp731
Ай бұрын
@@peterforsyth962 Don't you get it..Michael thinks he is on the winning team...If he just keeps quiet about all that..He'll be applauded by the slave masters and be immune from any future calamity.
@emp731
Ай бұрын
@@peterforsyth962smartest guy in the room 😅
Government failure. So many policies that can be put in place to stop this madness but seems like corruption at the very top is stopping the implementation of good policies.
@MichaelYardney
Ай бұрын
@Jin-oq2qu you are correct, there is definitely a lack of good policies to help ordinary Australians own their own home
@trogdortheburninator8149
Ай бұрын
Pandering to the unions. Too much DEI nonsense and red tape at councils. When you break it down I suspect the blame doesn’t sit where you think it does! 😂
@peterforsyth962
Ай бұрын
Abolishing Tax incentives for investors for ESTABLISHED homes that does NOTHING to add to the SUPPLY of new, affordable homes PERIOD. Simultaneously double TAX incentives for investors/developers of NEWHOMES ...ONLY!!!!!!$$$$ Maybe a show around outdated old tax laws that are not fit for purpose to accelerate the number of affordable NEW Homes. Housing crisis...social unrest, crime crisis. Diminished hard fought liberties/freedoms/ basic human RIGHTS for all!!! Is this the Australia we envisaged and wish to pas on to next generations ???
@emp731
Ай бұрын
@@MichaelYardneya lack of good people willing to stand up...not just yes men .sooks
@MichaelYardney
Ай бұрын
@peterforsyth962 thanks for again listening to our podcast
Hey Michael what’s your opinion on 2 bedroom units inner city suburb rings. I have bought 4 this year and I have seen strong growth and rent increases since Jan 24 till June. How high do you think they will go and when is the cap on their growth my prediction is a rise till 26-27 followed by flatline
@MichaelYardney
Ай бұрын
@stanleysapounas9153 which city?
@stanleysapounas9153
Ай бұрын
@@MichaelYardneySydney
@stanleysapounas9153
Ай бұрын
The best one
@stanleysapounas9153
Ай бұрын
Sydney
Your channel is misleading.
@MichaelYardney
Ай бұрын
@user-cr3fc8or6o thanks for listening to our podcast
@zenmachine50
Ай бұрын
the woman being interviewed seems to have a plum in her mouth and appears to support property owners and is a cheer leader for higher prices or is it just me?
@robguz1007
Ай бұрын
@@zenmachine50 I don't know what voices are in your mind 😅
@MichaelYardney
Ай бұрын
@@zenmachine50 thanks for listening to our podcast. Nicola comes from the UK, that's why she's got an accent - if she herd you talk she'd probably think you're the one with the accent!
@emp731
Ай бұрын
@@MichaelYardneyAussie accent in Straya... What's wrong with that?
in a nutshell.. more growth in prices.but not as has high as expected.. ah diddums, home owners can not expect to make as much money as they would like, their greed for money being a bottomless pit...
@MichaelYardney
Ай бұрын
@zenmachine50 thanks for listening to our podcast. I'm not sure why you think homeowners are greedy.
@robguz1007
Ай бұрын
why can't you buy a home
@emp731
Ай бұрын
@@robguz1007 why cant you??
@zenmachine50
Ай бұрын
@@MichaelYardney let me clarify... homeowners are not the greedy ones . mistake. they just want a roof over their heads and want to replace one home with another. It makes no difference whether their house is worth $1m or $100,000 the greedy one's I am thinking of are people who have more than one property, mostly investors who encouraged by tax lurks like the capital gains discount and negative gearing are behind these price rises. the sooner we can get those maggots out of the picture the better.
@emp731
Ай бұрын
@@zenmachine50 Grandad in the 1920's built a house out of mud brick and raised 5 children...Something wrong today.
Michael, optimistic or pessimistic, neither of them matter if you don’t have discernment. Statistically, a majority of CEOs are sociopaths, so work that into your message about leadership somehow
@MichaelYardney
Ай бұрын
@nq6417 thanks for listening to our podcast, this particular episode had nothing to do with leadership
@nq6417
Ай бұрын
@@MichaelYardneyI’m referring to your mindset message at the end.
@emp731
Ай бұрын
@@nq6417 I agree..Michael gets a little bit jeriatrically emotional. Instead of just staying Analytical about the process..It was a bit Biden like to listen to..
@CookieMonster-wy4qb
Ай бұрын
@@emp731 sicko
@emp731
27 күн бұрын
@@CookieMonster-wy4qb sook a sook sook