The current price growth is little more than a measurement of a small moment in time.
It tells us nothing about the outlook for a property market.
For Melbourne, the underlying fundamentals are completely different to the short-term headlines.
In this week’s episode, I look longer term and deep dive 8 factors that will help predict future Melbourne property prices.
Discussion Points:
0:00 Introduction
2:50 The current reality in Melbourne
6:02 Factor #1: High housing supply = low price growth
7:38 Factor #2: Rental housing supply vs housing supply in general
8:17 Factor #3: Internal net migration population decrease in Melbourne
8:55 Factor #4: 10 years of benefiting from overseas migration forecasts unfavourable results
9:31 Factor #5: Job growth levels are at the weakest in Melbourne by only 2%
10:17 Factor #6: Using job advertisements as a leading indicator for job growth
11:18 Factor #7: Key relative listings, transactions and number of homes being sold across Aus
12:45 Factor #8: Good office occupancy rates as an indicator of good economic health
14:16 Concluding factor for this episode
15:56 My strong recommendation for you
About The Host:
Subscribe to Aus Property Mastery with PK for no BS, “straight to the point” property investing strategies and data-driven insights about the Australian housing market - the only property podcast not biased by a “Buyers Agent”. You can listen to Aus Property Mastery on Apple Podcasts, Spotify & YouTube Music.
PK Gupta is the founder of the Property Investment Accelerator — Australia's #1 Rated And ONLY 100% Independent Real Estate Course & Mentorship Program that helps people achieve passive income through property investing using DATA, WITHOUT wasting months doing "research", spending weekends at inspections OR dropping $10-20k on Buyers Agents each time.
Resources:
- Watch FREE Trainings On Our Website 👉 https://consultingbypk.com.au/
- Get Suburb Tips & FREE STRATEGIES In Our Private Facebook Community With Over 50,000 Clients & Investors 👉 https://www.facebook.com/groups/passiveincomethroughproperty
- Watch No Nonsense Property Market Insights On Our YouTube Channel 👉https://www.youtube.com/c/AustralianPropertyMasterywithPKGupta
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