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The 6 Big Factors That Will Affect The Property Market In 2024 And Why You Need To Start Planning Now So You Don’t Miss Out! - Part 2 | #253
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Here’s a truth bomb:
From 2020 to 2022, the cost of living in Australia has skyrocketed. With the government putting $240 billion into the economy each year, household expenses have been on a continuous rise.
At this rate, living costs could go up even further by 18-20% for a family of four. But it’s not just household expenses going up. With more money going around, property prices are getting pushed upwards, too.
In fact, some properties are already selling for much more than advertised due to high demand and not enough supply. This is squeezing more and more people out of the property market.
So, if you’ve got the means to take advantage of this perfect storm while we’re in it, you better take quick action. If you do, then you could be in for a very good year of investing in property.
So stay informed, have a plan, and seek expert advice to make the most of what is shaping up to be a record-breaking year for property growth.
If you love this episode, email us at [email protected], and don’t forget to subscribe, rate, and share this podcast!
See you on the inside!
In this episode, we cover:
- 00:00 Coming Up
- 06:21 The Impact of Inflation on Investor Sentiment and the Property Market
- 09:25 Property Market Expansion, Affordability, and Crypto's Role
- 13:32 Crypto vs. Property Investment in Australia
- 19:32 Natural Disasters: A Force on Property Markets and Insurance Costs
- 23:08 Mitigating Risks in Real Estate Investing
- 27:05 Key Factors Shaping Property Market Growth
- 31:32 Navigating Property Investment Challenges
- 36:37 Strategies for Growing Your Property Portfolio
- 40:52 Renting vs. Owning
Connect With Us:
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- Dashdot Website (https://www.dashdot.com.au/)
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- Get your Property Portfolio Growth Plan (https://dashdot.com.au/portfoliogrowthplan)
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