Exploring the Surge: Unpacking Australia's $10.4 Trillion Property Market
The week in Australian property with Rasti Vaibhav | 22nd March 2024
Hello, market watchers! 🌞
As we navigate the dynamic and ever-evolving Australian property landscape, staying informed about the latest market trends and data is essential. With the property market reaching unprecedented heights as of 22nd March '24, we're witnessing a pivotal moment in Australian real estate.
This isn't just about the numbers; it's about understanding the impact on individuals and communities across the nation. Let's dive into the key developments shaping our market today.
A Tight Squeeze in the Rental Realm
National rental vacancy rate at a record low
Rental properties are listed for only 18 days on average
Unwavering Homebuyer Enthusiasm
44% of Australians plan to buy a home in the next five years
A significant portion of buyers are willing to explore new areas
This week on Realty Talk - out tomorrow
This week we look the value buyer’s agents bring to the buying process with REBAA President Melinda Jennison. Negative Gearing is under attack still as the Greens label Mum and Dad investors as the baddies. Rasti joins Bushy to discuss the likelihood something might happen and what the impact could be.
Subscribe here so you never miss a show - Apple Podcasts, Spotify, YouTube
The Bright Spot: Rising New Home Sales
5.3% increase in new home sales in February
Significant quarterly sales upsurge in key states
Market Valuation Soars to New Peaks
Total market value now stands at $10.4 trillion
The mean home price across Australia is now $933,800
The Heartbeat of the Market
Behind every statistic and figure lies the heart and soul of the Australian property market - the people. From first-home buyers dreaming of their own space to investors seeking opportunities for growth, the market is a dynamic ecosystem fueled by aspirations and hard work. It's a narrative of resilience, hope, and the unyielding pursuit of happiness through property ownership.
As we navigate these exciting yet complex times, it's crucial to stay informed and make decisions that align with both your financial capabilities and your dreams.
Claim your seat now and embark on a journey to SMSF property mastery with us: https://getrare.com.au/smsf.
Have you subscribed to the Property Hub podcast? Tune in for free interviews and episodes each week that inspire, educate and equip property investors of all levels.
Follow along on Apple Podcasts, Spotify, YouTube or your preferred podcast player.