Despite predictions of a downturn, Australia's housing market continued to strengthen, with national house prices rising by 1.0% in March, building on earlier gains from February.

In today's show Dr. Andrew Wilson explains how capital city rental markets have tightened further, with vacancy rates either falling or remaining at historically low levels, pushing rents upwards.

We also discuss how following Trump's announcement of tariffs, market expectations shifted significantly, suggesting a 90% chance of a rate cut in May.

Takeaways

· Australia's housing market is showing signs of recovery with rising prices.

· Rental markets are tightening again after a period of easing.

· Vacancy rates are approaching record lows, indicating strong demand.

· Affordability barriers may limit rental growth despite high demand.

· Economic factors, including interest rates and tariffs, are influencing market sentiment.

· The auction market is expected to see increased activity leading up to Easter.

· Melbourne's rental market is showing signs of improvement after a downturn.

· International student intake has affected the unit rental market.

· Long-term investment strategies are essential for success in property.

· Market sentiment can significantly impact economic performance.

Chapters

00:00 Overview of Australia's Housing Market Trends

02:09 Current State of Rental Markets

07:59 Analysis of House and Unit Rentals

13:47 Impact of Economic Factors on Housing

20:02 Auction Market Insights and Future Predictions

24:06 Conclusion and Key Takeaways

Links and Resources:

Michael Yardney

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Dr. Andrew Wilson – Chief Economist My Housing Market

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