Agree that 1H25 should see a decline, i'd imagine a glut of listings will appear in Feb as people realise over the holiday break that they can't keep hoping for interest rate cuts if they're barely just holding on, and it will take at least a few months for theis glut to clear
Yes I think a lot of that is likely. Maybe it could be an increase in demand if people increase certainty that rate cuts are close. This would be pretty similar to 2024 behaviour too.
Generally house price falls over the past few years get buffered by rate cuts! (Not 22’ cycle) Not all the way back down either - that’ll trigger substantial price rises
Classic attention grabbing headline. It’s really not a big deal. Interest rates likely come down next year, market picks up, fomo starts to re enter psychology, and house prices recover. Sydney and Melbourne are still some of the best places to live in the world and there is a shortage of housing.
I think I agree and have said pretty much so! Q1 will be interesting - will there be a pick up in demand to meet increases in supply/listings? And interest rates falling should be the catalyst for major markets rising again.
What’s your thought on the mortgage broking industry with banks may potentially use AI to create assessment tools easier for consumers and replace mortgage brokers?
Yes will definitely change the way we work and may lead to some big changes in the industry. A lot of this started in 2024 too, and will only accelerate in the next few years
Interest rate cuts my ass.
No cuts = bad news for sydney property
Rates are not coming down
This may keep the downswing for longer
If the prices drop 20 % in Melbourne they will still be a rip off
They’ve probably fallen by more than that over the last 2-3 years adjusting for inflation! Nominally down 5% now
@@AusPropertyRedomthe properties I’m looking at in Melbourne have increased! North - east.
Patchy across Melbourne! There’s a lot more investors focussed in on Melbourne now too
If you think Melbourne is bad go to Sydney, or Toronto or Vancouver. Great cities aren’t cheap to live in.
@@dtc7191 what is so great about Melbourne and Sydney ?
Agree that 1H25 should see a decline, i'd imagine a glut of listings will appear in Feb as people realise over the holiday break that they can't keep hoping for interest rate cuts if they're barely just holding on, and it will take at least a few months for theis glut to clear
Yes I think a lot of that is likely. Maybe it could be an increase in demand if people increase certainty that rate cuts are close. This would be pretty similar to 2024 behaviour too.
House prices will fall quickly 😊😂
They’re falling a bit atm! Not that quickly though
@@AusPropertyRedom Baby-booming aging population die-off is already happening. Declining birth rate has happened. We're in for the perfect storm.
Let all the house prices fall fr
It’s happening now at least in two major capitals
Don't worry, everyone, the host says interest rates going all the way back down.
Generally house price falls over the past few years get buffered by rate cuts! (Not 22’ cycle)
Not all the way back down either - that’ll trigger substantial price rises
Classic attention grabbing headline. It’s really not a big deal. Interest rates likely come down next year, market picks up, fomo starts to re enter psychology, and house prices recover. Sydney and Melbourne are still some of the best places to live in the world and there is a shortage of housing.
I think I agree and have said pretty much so! Q1 will be interesting - will there be a pick up in demand to meet increases in supply/listings?
And interest rates falling should be the catalyst for major markets rising again.
What’s your thought on the mortgage broking industry with banks may potentially use AI to create assessment tools easier for consumers and replace mortgage brokers?
Yes will definitely change the way we work and may lead to some big changes in the industry. A lot of this started in 2024 too, and will only accelerate in the next few years
@ thanks Redom. would you say this is a dealbreaker for someone who wishes to start mortgage brokering?
@@Climizz no not at all! Market etc are all outside factors, there'll be plenty who are successful this year
Just ruined my Christmas 😢
Haha noooo! The end of this video has good news after this decline period!