Is it time to be fearful or greedy in property?

In today's show I tackle a question that's been looming large in many conversations – should we be fearful or greedy about entering the Australian property market right now? With the property market showing signs of both opportunities and risks, it's a challenging landscape to navigate for both seasoned investors and newcomers. These contradictory sentiments arise due to several key factors – market fluctuations, interest rate considerations, legislative changes, socio-economic conditions, and many more. The balance between fear and greed can be a fine line to walk, and understanding the current property climate is vital in making informed decisions. If you're a regular listener to the show you'll know I usually have guests on, but today it's going to be just me and you as I share my thoughts and help you interpret current market indicators, and spotting potential opportunities amidst the perceived chaos. Whether you're an experienced investor, a first-time buyer, or merely an observer of the Australian property market, I hope to provide a balanced perspective and some useful insights that could guide your decision-making process. Is it time for fear or greed? Amongst the topics discussed today: ●       I reflect on historical events like the 1993 recession and Black Monday of 1987 ●       Similarities between today’s market and the market 30 years ago ●       What’s caused the rise in property values o   Why the same factors won’t work going forward ●       Insights on homeownership and economic growth in Australia o   The wealth of the average Australian and where that wealth can be found ●       Reasons not to be fearful or overly concerned ●       Analysis of the property shortage and population growth o   How supply and demand is impacting property prices ●       In-depth examination of the long-term growth of the Australian property market ●       Discussion on the impact of urbanization, demographic changes, population growth, and wealth on the market ●       The continuing rise in property value in our capital cities ●       Reflection on trends in densification and community connection Links and Resources: Michael Yardney Get the team at Metropole to help build your personal Strategic Property Plan Click here and have a chat with us Get a bundle of eBooks and reports – www.PodcastBonus.com.au Some of our favorite quotes from the show: “The current environment, today's environment, reminds me of those times 30 years ago.” – Michael Yardney "We've passed the peak of inflation, but it's not going to get into that two or three percent band for some time.” – Michael Yardney “I'm a long-term investor and I still see strong underlying fundamentals for our property markets.” –Michael Yardney PLEASE LEAVE US A REVIEW Reviews are hugely important to me because they help new people discover this podcast. If you enjoyed listening to this episode, please leave a review on iTunes - it's your way of passing the message forward to others and saying thank you to me. Here's how