As we step into 2025, the property market is abuzz with questions about its trajectory after a challenging 2024. Is the shift towards a buyer's market inevitable, or are we simply seeing seasonal fluctuations?

In this episode, Eliza Owen from CoreLogic returns to share her insights on what’s ahead and what it all means for buyers, investors, and renters alike.

We start with a discussion on the ripple effects of rising unemployment and how it could influence the rental market and demand particularly in cities like Perth, Adelaide, and Brisbane, which saw impressive growth last year. Eliza unpacks affordability constraints and how they’re starting to affect buyer and investor activity. With high migration propping up some markets and affordability pulling others back, there’s a lot to consider as we move forward.

We also discuss construction challenges, including delays and how they’re affecting housing supply. Eliza gives us the real numbers on where we stand against ambitious government targets for new dwellings and what that means for the property market overall.

Finally, Eliza shares her take on intergenerational wealth and how the “bank of mum and dad” is influencing homeownership. With these trends shaping up to play a major role in 2025, this episode is packed with timely insights to help you make sense of what’s happening in property right now.

Episode Highlights:

00:00 - Introduction

01:13 - Who is Eliza Owen?

02:03 - Eliza's outlook for 2025

04:14 - Have Perth, Adelaide, and Brisbane passed their peak?

07:36 - What’s the connection between regional areas and state capitals in real estate?

09:29 - How Eliza interprets claims about increased property listings

12:48 - Insights on future listing trends

17:52 - If rate cuts happen soon, when will their impact be felt in real estate?

22:36 - The role of intergenerational wealth play in skewing market dynamics

28:41 - Is wealth transfer more impactful in Sydney compared to Brisbane?

29:44 - How could unemployment in 2025 affect wealth transfers and home buying?

31:08 - How might political pressures influence housing policies during the election?

35:29 - How does wealth flow from other assets into residential real estate?

38:53 - How is the construction sector responding to housing targets?

46:32 - Eliza Owen’s property dumbo

About Our Guest:

Eliza Owen is an experienced property data analyst with a background in economics. She has worked for Residex, Domain Group, and CoreLogic, specialising in descriptive and inferential data analysis, data visualisation, and framing data trends with broader economic concepts. Eliza is also a passionate communicator who explains economic concepts to diverse audiences. She has presented on the TEDX stage, written for prominent publications, and been a regular commentator on commercial radio and television. Eliza is a popular keynote speaker, having presented to audiences in real estate, construction, banking and finance, property development, and consumer markets.

Connect with Eliza Owen:

• Follow Eliza on LinkedIn: https://www.linkedin.com/in/eliza-owen-2554ab65/

• Visit their website: https://www.corelogic.com.au/

Resources:

• Visit our website https://www.theelephantintheroom.com.au

• If you have any questions or would like to be featured on our show, contact us at: The Elephant in the Room Property Podcast [email protected]

• Looking for a Sydney Buyers Agent? https://www.gooddeeds.com.au

• Work with Veronica: https://www.veronicamorgan.com.au

• Looking for a Mortgage Broker? https://www.flintgroup.au

• Work with Chris: [email protected]

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