‘Forecasters’ have been holding their breath for the property market to crash for years, it was only during Covid that it looked inevitable. They said it’d be at the peak of Covid cases, the tightening of restrictions and of course the ‘September cliff’, but here we are and the property market is holding strong and banks are even turning away potential customers due to being stretched thin from an influx of new pre-approvals. The question is: where is our long promised crash?

We can’t get enough of the superb Eliza Owen, welcoming her back for the fourth time! Eliza is Core Logic’s Head of Residential Research and author of various Core Logic reports and articles, most notably their Pain or Gain report. In this episode we look back in hindsight on the performance of last year, and why the property market has not crashed despite mainstream media and revered economists expecting it?Here’s what we covered:

• Why hasn’t the property market crashed?
• Where has listening been hit the hardest?
• How have Brisbane properties performed over the Covid period?
• Is the property market slowing down during the holiday period?
• How have capital cities performed differently from each other?
• What type of properties have been hit the hardest?
• What areas have already seen an uptick in new residents?
• Are we going to experience an undersupply of apartments in the near future?
• How does the loyalty tax work and is it unfair or just competitive?

RELEVANT EPISODES:Episode 157 | 2021 Forecast Episode 135 | Eliza Owen Episode 115 | Eliza Owen

GUEST LINKS:https://www.corelogic.com.au/news/why-didnt-australian-housing-market-crash www.homebuyeracademy.com.au/workshop

HOST LINKS:Looking for a Sydney Buyers Agent? www.gooddeeds.com.au Work with Veronica: https://linktr.ee/veronicamorgan

Looking for a Mortgage Broker? www.wealthful.com.au Work with Chris: [email protected]

Send in your questions to: [email protected]

EPISODE TRANSCRIPT: Please note that this has been transcribed by half-human-half-robot, so brace yourself for typos and the odd bit of weirdness…This episode was recorded on 15 December, 2020.

https://www.theelephantintheroom.com.au/podcasts/159

See omnystudio.com/listener for privacy information.