As the ladder is drawn up on the Apache helicopter that was 2023, Haz and Dom spoke to Dr Nicola Powell from Domain about home price forecasts. They've come through thick and
fast from different directions, and Nicola was kind enough to not only outline the key figures but the reasons as to why.
Think, listings, immigration, tax and government policies, supply, and a belief we're at the top of the interest rate cycle as reasons for sustained growth in 2024.
Plus we have Harry O’Sullivan joining us to discuss building
approvals, which are up recently but still at 10 year lows. We’ll discuss how this feeds into the government’s goal of 1.2 million homes built in the next five years, and if this even outpaces immigration.
00:00 - 01:23 - Intro
01:23 - 02:44 - RBA holds at 4.35%
02:44 - 05:14 - Property prices reach record high, CoreLogic
05:14 - 06:28 - MOVE Bank has a 5.70% p.a. savings account
06:28 - 12:51 - Home building stats, with Harry O'Sullivan
12:51 - 27:28 - Dr Nicola Powell from Domain
27:28 - 29:16 - Outro