Another great video!! Can u please give ur sight how recently US stock market crash affect gobal economy and Australia housing market eventually? Thanks
Lots of unknown causation here and assumptions that would be required to make that comparison - but let me have a think about it... I am filming a podcast episode with Bernard Salt next Monday - I might pick his brain!
US recession is very likely. Australian stock market may slow down as investment firms are cautious. Property is more illiquid and the market won’t react as fast as the stock market will. Meaning people can dump stocks fast, but it’s harder to offload a property. My guess is that people will become more careful about purchasing homes and the market will swing back in the investors favour also a change in government may make people be more cautious. You have to factor in that in general a lot of business owners and wealthier people tend to vote Liberals for a more conservative approach to managing the economy and labour market and generally lower taxes. Since Albo took over gas is up over 400%, we have a 5.1% wage increase likely coming in July and I’d expect RBA to announce more rate increases. Wage increases will push prices up, energy prices even if short term will push prices up. Businesses are no longer shy at passing on costs. Rising interest rates will do little to slow the inflation down, but it will deplete peoples free cash which paired with rising rates will reduce loan serviceability and therefore slow or even push down the property market.
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Great analysis, especially the effect of proximity to price
Appreciated!
Very informative and detailed. Love the data on the big 3
Much appreciated!
Amazing analysis Jacob, really nice work.
Much appreciated Amit!
Another great video!! Can u please give ur sight how recently US stock market crash affect gobal economy and Australia housing market eventually? Thanks
Lots of unknown causation here and assumptions that would be required to make that comparison - but let me have a think about it... I am filming a podcast episode with Bernard Salt next Monday - I might pick his brain!
US recession is very likely. Australian stock market may slow down as investment firms are cautious. Property is more illiquid and the market won’t react as fast as the stock market will. Meaning people can dump stocks fast, but it’s harder to offload a property.
My guess is that people will become more careful about purchasing homes and the market will swing back in the investors favour also a change in government may make people be more cautious.
You have to factor in that in general a lot of business owners and wealthier people tend to vote Liberals for a more conservative approach to managing the economy and labour market and generally lower taxes.
Since Albo took over gas is up over 400%, we have a 5.1% wage increase likely coming in July and I’d expect RBA to announce more rate increases.
Wage increases will push prices up, energy prices even if short term will push prices up. Businesses are no longer shy at passing on costs.
Rising interest rates will do little to slow the inflation down, but it will deplete peoples free cash which paired with rising rates will reduce loan serviceability and therefore slow or even push down the property market.
Like this street level analysis? Check out our 'Blacktown, Sydney' property market observations!
Which platform/websites is best to obtain this kind of data to the intra-suburb level? Suburb level I know, but not within a suburb.
Happy to discuss - you can email outreach@ripehouseadvisory.com.au and tell the team to forward the email to my personally :-)
Price increase/capital gain happens when the buyer is willing to pay more but I'm wondering if they are going to research on those information.