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Listen "From Rental to Regional Property Prices… What Else for 2023? | Paul Ryan, REA"
Episode Synopsis
Regional Australia outperforming the capital cities in both sale and rental price growth remains to be one of the major phenomena of the country’s great property boom in 2021. However, property prices in regional markets are showing signs of a nosedive. Additionally, the return of immigration might worsen the already severe rental crisis soon… In this episode, we are joined by Paul Ryan, an economist at REA, to talk about what else we can expect in the Australian housing market in 2023. We discuss measuring rental prices, rent inflation, regional versus capital markets, regional sale prices and more! If you enjoyed the show, do like, rate, subscribe, and share us on social media and if you have your own questions you need clarity on, email us at [email protected]! See you in the episode! Episode Highlights: The effects of remote work on housing prices [04:16] The demographic change in regional areas and capital cities [13:08] Current buyer behaviour in auctions [21:08] Seller intentions: checking property valuations [26:40] Why it’s taking longer to sell homes [30:25] Interest rate targeting of inflation [34:53] Measuring rental prices [39:54] Conversion rate of appraisals [34:45] A period of uncertainty in the property market [47:49] Paul’s Property Dumbo [53:05] About our Guest: Paul is an economist at REA, specialising in housing finance, market forecasting and big data analysis. Before joining REA in December 2020, Paul spent a decade at the Reserve Bank of Australia conducting research on the Australian economy, focusing on housing markets, lending risks and regulatory effects on property markets. Paul is based in Sydney. Links from the show: https://www.realestate.com.au/insights/what-rent-inflation-isnt-telling-you-about-the-extent-of-the-rental-crunch/ https://www.realestate.com.au/insights/five-ways-covid-changed-the-property-market/ Connect with Us: Looking for a Sydney Buyers Agent? www.gooddeeds.com.au Work with Veronica: https://linktr.ee/veronicamorgan Looking for a Mortgage Broker? www.wealthful.com.au Work with Chris: [email protected] Send in your questions to: [email protected] Find this episode on our website: https://www.theelephantintheroom.com.au/podcasts/258 If you’ve enjoyed this episode, don’t forget to like, share, rate and subscribe for more!See omnystudio.com/listener for privacy information.
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