The Australian property market has been experiencing high demand due to high-interest rates, high rental returns, and limited supply. As a result, property prices have skyrocketed, making it more affordable to own a property than to rent in some areas. However, there are concerns that people are not taking into account all the costs associated with homeownership, and this trend is taking more properties out of the rental pool, putting more pressure on vacancy rates. In this episode, Steve and Victor explore how investors can navigate these challenges and take advantage of the opportunities presented by the current market conditions.
-Despite the increase in interest rates, auction clearance rates in the Australian housing market are still at record levels.
-People have adjusted to the new norm of higher rates, but the cost of living has gone up and some businesses are struggling to survive.
-Property prices have gone up, and it has become more affordable to own a property than to rent in some areas.
-There are concerns that people are not taking into account all the costs associated with homeownership and that this trend is taking more properties out of the rental pool, putting more pressure on vacancy rates.
-Investors should focus on the results they want to achieve and reverse engineer their investment strategy from there.
-Making small changes to one’s expenditure can help find extra funds for investing.
-The build-to-rent scheme could have short-term benefits but could lead to oversupply in some areas.
At Right Property Group, we understand that investing in property can be a challenging endeavour, especially in the current market conditions. That’s why we offer tailored services that can help you navigate the market and achieve your investment goals. Our team of experts and property strategists can assist you in your property journey to ensure that you make informed decisions that are aligned with your objectives. Contact us today to learn more about how we can help you invest in property with confidence.