On today’s episode, Dr. Nicola Powell, the Chief of Research and Economics at Domain, and I want to discuss her latest Domain House Price Forecast Report, and I ask her to share her property forecasts for the financial year 2025.

We'll delve into the key findings of the report, explore regional variations in house prices, and discuss the economic factors influencing the market. We'll also cover the impact of interest rates, government policies, and supply and demand dynamics on the housing sector.

I’m sure you’ll find this episode packed with valuable insights you won't want to miss, so let’s get on with the show.

Australia's Property Market: Growth Predictions and Policy Impacts

Together, Nicola and I discuss various aspects influencing the market, including forecasts, policy impacts, and strategic investment opportunities. Take a look at some key highlights from our conversation.

● The latest Domain House Price Forecast Report and the expected trends in house prices across Australia

○ Prices will continue to rise

○ However, the pace of price growth should slow from previous levels

● The importance of sustainable growth rates to avoid market volatility and downturns

● Regional differences, including Perth's expected growth

○ The performance of regional markets in Queensland, New South Wales, and Victoria

● The impact of housing policies on affordability trends

○ The historical influence of government shifts on property values

● The challenges in meeting the government's target of 1.2 million new homes

○ The shortage of skilled tradespeople

● Migration caps and workforce shortages and their implications for the housing market

● The influence of APRA's 3% interest rate buffer on serviceability and the housing market

● Melbourne's potential for growth due to increased immigration and opportunities for buying below intrinsic value

Our conversation emphasizes the importance of strategic decisions and optimism in achieving financial success in real estate, which will be helpful to listeners no matter whether you’re new to property or a seasoned investor.

Links and Resources:

Get the team at Metropole to help build your personal Strategic Property Plan Click here and have a chat with us

Dr Nicola Powell, Domain’s Chief of Research and Economics

Domain’s Home Price Report

Get a bundle of eBooks and reports – www.PodcastBonus.com.au

Some of our favourite quotes from the show:

“Obviously, during COVID, regional Australia shot up. Property values grew. That was partly because people moved there. But I think one of the things people missed was also people not moving out of regional Australia.” – Michael Yardney

“I think I was lucky. I've learned not to try and time the market but just manage my cash flows.” –Michael Yardney

“So, if you're a pessimist, you're literally sabotaging your life. You're pushing the very people you need away, and you're left with no choice but to rely on yourself.” – Michael Yardney

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Inside Domain’s Property Forecast Report: What’s Next for House Prices with Dr. Nicola Powell

Property Investment, Success & Money | The Michael Yardney Podcast