Is The Australian Property Market Primed For Growth? | July 2019 Update

https://www.youtube.com/watch?v=gpMu925UWAQ

Is Australia primed for a season of growth in the Australian property market? Both Sydney and Melbourne had growth in the month of June and there are a bunch of positive change happening that may cause the market to grow:

Advanced Suburb Research Course

2 Properties to Financial Freedom Strategy

0:00 - Is the Australian property market primed for growth?0:55 - Australia as a whole declined by 0.2% in the month of June2:31 - A lot of positive changes have happened over the last couple of months3:59 - Monthly sales volume may have found a flaw4:34 - Auction clearance rates are trending upwards5:00 - Some key resources I have looked at over the month6:52 - Steve Keen's thoughts on the Australian market growing in the short term10:56 - Sydney property market update13:57 - Melbourne property market update14:33 - Brisbane property market update16:12 - NSW and VIC has the highest jobs growth and lowest unemployment rates16:48 - Adelaide property market update17:41 - Perth property market update18:42 - Hobart property market update20:11 - Darwin property market update22:24 - Canberra property market update24:02 - Tight credit conditions continue to dampen the market25:02 - Australian property market update summary26:36 - Have a clear strategy for property success in this market

Resources Mentioned In This Episode:

My Suburb Research Course

CoreLogic's National Housing Market Update | July 2019

The Australian Government Makes Investors Wealthy Over The Next 7 Years

Phil Andersons Predictions For 2019, 2020 And 2021

Australia is in a Recession

A Conversation With Steve Keen: Part One - The Debt Problem

A Conversation With Steve Keen: Part 2 - From Central Bankers To MMT

Recommended Videos:

5 Things Holding You Back From Investing in Property

Australian Property Market Update - June 2019

Transcription:

Ryan 0:00Hi, and welcome to my Australian property market update for July of 2019. And what I want to ask in this episode is, is Australia actually primed for a season of growth? Whether that be short term or long term growth? This is not a question that I thought I'd be asking this early in the year. Obviously, we've been seeing declines for over 18 months now. But Sydney and Melbourne actually saw some growth. And there's been a lot of changes happening in lending as well as in the government, that may be early signs that the market is primed for growth. So what we're gonna do in this episode, as we always do, is look at the data that corelogic puts out about the Australian property market, go into details in the cities and how they're going as well. And we'll also talk about some other helpful resources and helpful videos that I've watched over the month, which I'll link up down below. So looking at the nation as a whole, we can say that in the month of June, the Australian property market declined by 0.2%. Now, this was the smallest decline since back over here in March of 2018. So ever since December 2018, we've been seeing a slowing in this rate of decline, which I've been talking about. Basically, we need to see that decline needs to see it go to zero, in order to then start having positive growth and obviously, going to zero and having positive growth doesn't guarantee that that's going to continue forever. But that's a trend that we want to look for. And a trend that we are continuing to see now Sydney and Melbourne actually grew in the month of June, which is really interesting.