The Wealthi team summarises the trends and surprises that came out of the Australian property market in 2021 and discusses the best places to invest in property in 2022.   

As markets adjust back from the COVID environment, borders open and new market trends arise, what can investors expect to see next year? The team highlights the biggest learnings and what they expect to see in the property market coming into the new year.   

Find out which markets are anticipated to outperform and where the prime investment opportunities lie to buy property in Australia.

Episode transcription highlights

Sam Assaad: (09:59)

Because like I just said, I feel like anything that goes up that hard, I feel like we'll need to cool off, to be a little bit realistic. Whilst we are getting back to this normal, post-COVID phase, pre-COVID normal was still Melbourne and Sydney, and reality is pre-COVID, Brisbane was still tracking at three, 4% a year. Pre COVID Melbourne and Sydney were sitting seven, eight.

I feel like everybody just needs to know that whilst we are entering a new phase of post-COVID life, I feel like Melbourne, Sydney is still the two reigning Queens of Australia when it comes to a primarily residential good investment.

Louis Heaton: (16:35)

We seek affordability, livability, and employment. Affordable living, a livable lifestyle and a really good opportunity to be employed. That's what Western Sydney is, it's what Western Melbourne is, it's what pockets of the inner north of Melbourne. It's a livable lifestyle, but at the same time has a great ability to be employed.

Following what you said, Dom, Mr. Perrottet, as whatever your political beliefs may be, is he opening up the borders to see our country experience some serious growth. Well then inevitably the places that are going to see that growth are going to see housing growth too.

Domenic Nesci: (17:47)

We've harped on. It sounds like the key winners for us are Sydney and Melbourne markets. We do love land content, but where affordability comes into play. Certainly, we want to be looking at some apartments and townhouses.

I think in the new year, we are going to see a credit crunch in a way, but we want to see some early signs of debt to income ratios, getting shorter or smaller, meaning it's going to be harder for people to go and buy additional properties. Interest rates will start to creep up again. Affordability is going to become a problem.

I do think that we're going to see a massive shift in the demand. Some of it's going to come out, but there's going to be a shift in demand. People will move away from a million dollars or 2 million and spend seven, $800,000. That affordability belt, the affordability play that we're all looking at is going to see a massive surge in price.

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