Exploring Australia's Property Market: Investment Opportunities and Market Readiness in 2024
The week in Australian property with Rasti Vaibhav | 12th April 2024
Hi there,
As the Australian property market continues to evolve, navigating its complexities has become more critical than ever. With the week ending 12 April '24 bringing fresh insights, it’s crucial to stay informed about where the market stands today. In this comprehensive overview, we delve into the regions ripe for investment, the readiness of buyers to jump into the fray, how property continues to be a cornerstone of wealth, and the new initiatives supporting housing supply
Top Regions For Investment
Affordability
High rental yields
Low vacancy rates
Buyers Getting Ready
Loan Market reports a significant increase in pre-approval applications, with 1117 pre-approvals noted last month.
This week on Realty Talk - out tomorrow!
Today - your host Bushy Martin will introduce our first guest in a series to help investors in the area of property management. What better place to start than in the selection of a person to look after the management of your investment. Getting a PM who treats your investment as if it was his or own. The opposite of FOMO - Fear Of Missing Out - is missing an opportunity BECAUSE of fear. The cost of that can be extreme as you will hear today.
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Property Increases Our Wealth
The rise in residential land and dwelling values
Contributions from domestic and overseas share markets
Supply Support Starts
Addressing supply challenges is critical for sustaining the market’s momentum. The Federal Government’s $500 million Housing Support Program aims to expedite the planning and construction process. Mike Zorbas, Chief Executive of the Property Council of Australia, advocates for the program as a vital measure to combat decades of undersupply and enhance affordability for all Australians.
In sum, the Australian property market presents a mixed bag of challenges and opportunities. From the allure of regional investments to the burgeoning market readiness of buyers, alongside significant wealth growth and strategic supply support, the landscape is ripe for exploration and investment.
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I’m Rasti Vaibhav, The Architect of Property Wealth.
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