Welcome back to another episode of Talk Property To Me! I'm your host, Brad East, alongside my co-host, Aaron Downie. In today's episode, we dive into seven significant trends reshaping the property market as we look ahead to 2025.

We kick off the discussion by highlighting the rise of millennials as the largest adult cohort in Australia. This demographic shift is crucial as millennials have different preferences compared to previous generations, particularly when it comes to property. They are leaning towards smaller homes closer to urban centers, which ties into our fourth trend: shrinking backyards. We explore how the desire for lifestyle options and proximity to amenities is influencing property demand and supply dynamics.

Next, we discuss the concept of stepping stones in home ownership. With the market becoming increasingly challenging to navigate, many are opting for smaller apartments or townhouses as a way to enter the property market, rather than waiting to save for their dream home. We emphasize that for first-time buyers, this is often just the beginning of their property journey.

We then delve into new pathways for home ownership, including government schemes aimed at assisting first-time buyers. While we acknowledge the potential of co-buying and rent-to-own models, we express scepticism about their long-term viability as primary market drivers. Instead, we highlight the importance of investment strategies that allow buyers to explore properties in different locations, potentially leading to better long-term outcomes.

As we move through the trends, we touch on the growing demand for green homes. With millennials increasingly conscious of climate change and energy costs, features like solar panels and smart home technology are becoming essential for many buyers. We discuss how these elements can significantly impact property value and buyer interest.

The conversation shifts to urban sprawl, where we note that metropolitan areas are expanding outward. This trend is largely driven by affordability, as buyers seek homes that offer a balance between distance from the city and access to amenities.

Finally, we address the rise of renters in the current market. With home ownership rates declining, we see a growing number of renters, which presents unique opportunities for property investors. We discuss how this trend can drive up rental returns and create a competitive landscape for investment.

In conclusion, we summarize these seven trends and encourage our listeners to consider them when developing their property strategies for the coming year. We invite feedback and suggestions for future topics, reminding everyone to like, subscribe, and join us for our next episode. Thank you for tuning in!

• 00:00:00 - Introduction to Property Trends
• 00:00:13 - Millennials as the Largest Adult Cohort
• 00:01:14 - Stepping Stones to Home Ownership
• 00:02:11 - New Pathways for First-Time Buyers
• 00:04:12 - Shrinking Backyards and Lifestyle Preferences
• 00:05:42 - Demand for Green Homes
• 00:07:03 - Urban Sprawl and Affordability
• 00:08:00 - Rise of Renters and Investment Opportunities
• 00:08:31 - Conclusion and Call to Action

ABOUT THE HOSTS

BRAD EAST

Brad East is the Managing Director of Wisebuy Home Loans. Brad is an award-winning mortgage broker and has helped thousands of clients gain finance to purchase properties. Wisebuy Home Loans is the go-to mortgage brokerage for clients wanting out-of-the-box applications approved.

Website → https://wisebuygroup.com.au 

LinkedIn → https://www.linkedin.com/in/newcastlemortgagebroker/ 

Instagram → https://www.instagram.com/bradeast_mortgagebroker/ 

Facebook → https://www.facebook.com/bradeastofficial

AARON DOWNIE

Joining the podcast in 2024, Aaron Downie is a seasoned property investor and director of Mackenzie Buyers Agency. Aaron’s deep understanding of the property market and investment strategies provides listeners with invaluable insights.

Website: https://www.mackenziepropertygroup.com.au/

Linkedin: https://www.linkedin.com/in/aaron-downie-1b2749134/