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EP. 1409 Property and Election Roulette
Manage episode 479889455 series 3445143
Content provided by Mark Novak, Lisa Novak, Billy Drury, Branka Stankovic, Stevan Bubalo, Cleo Whithear, Bidhan Shrestha, Josh Wapshott and guests, Mark Novak, Lisa Novak, Billy Drury, Branka Stankovic, Stevan Bubalo, Cleo Whithear, Bidhan Shrestha, and Josh Wapshott. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Mark Novak, Lisa Novak, Billy Drury, Branka Stankovic, Stevan Bubalo, Cleo Whithear, Bidhan Shrestha, Josh Wapshott and guests, Mark Novak, Lisa Novak, Billy Drury, Branka Stankovic, Stevan Bubalo, Cleo Whithear, Bidhan Shrestha, and Josh Wapshott or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.
The looming federal election has property owners and investors across Australia asking the burning question: what will happen to the real estate market after votes are counted? Our Northern Beaches agents tackle this head-on, cutting through political noise to deliver insights that matter.
Forget the campaign promises – we dig into what's actually happening with housing policy. Both major parties aren't trying to make property more affordable by lowering prices. Instead, they're focused on helping more Australians enter the market through initiatives like 5% deposits without price restrictions, access to superannuation for deposits, and government equity sharing programs where up to 40% of the purchase price is covered. The result? More buyers at open homes competing for the same properties.
Our team predicts entry-level units will be the big winners post-election, with potentially 10% growth over the next year as traditional renters transition to first-time buyers. Houses may level out somewhat but still achieve 6-7% growth through 2026. While both parties promise to address housing supply, the reality remains challenging – construction costs, compliance requirements, and development fees continue making it financially risky for developers to build.
The property market resembles a freight train with momentum that transcends political cycles. Whether Labor or Liberal forms government, the fundamentals driving our market remain largely unchanged. Ready to navigate the post-election property landscape? Contact our Northern Beaches team for expert guidance tailored to your real estate goals.
Chapters
1. Election impact on property markets (00:00:00)
2. Government housing policies explained (00:01:44)
3. Political change and market momentum (00:04:16)
4. Development challenges and affordability issues (00:06:17)
5. Election predictions and price forecasts (00:11:17)
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