In this episode, Allan and John discuss what happened in the property market in 2023 and what to expect in 2024. They highlight the fear and uncertainty experienced by many due to shifting market conditions. They also discuss the lack of supply in the market, rising interest rates, and the rental crisis. They emphasize that now is a good time to invest in property and that timing the market perfectly is impossible.

Highlights
📈 Interest rates increased, causing fear and uncertainty in the market.
📊 Lack of supply and high demand led to a rental crisis.
🔒 Property prices stabilized after some corrections in Sydney and Melbourne.
🏡 Not enough new homes being built due to material shortages and labor costs.
🌍 Migration and population growth further increased demand for property.
💼 Remote work became more prevalent, impacting the property market in various locations.
💰 The average percentage of household income required to service a home loan in Sydney is 58%.

Ver todos los episodios