Floods, interest rates, pandemics and federal elections – they all have an impact on the property market, and each of these issues is squarely in the spotlight as we conclude the first quarter of 2022.
So what’s likely to happen next? Will the incredible price rises and high demand for properties continue? Or has the market peaked? And if so, what’s the outlook for the months ahead?
In this Elevate podcast, Elite Agent Managing Editor Samantha McLean and Ray White Chief Economist Nerida Conisbee take a deep dive into the current issues impacting real estate and house prices.
Discussing everything from the recent flooding in southeast Queensland and New South Wales right through to interest rates and the impact of a pending federal election, Nerida offers her insight on the trends that will continue in the major markets, along with those that are starting to shift.
Drawing on years of property market analysis, Nerida provides her predictions on the property policies that will be on the table during the upcoming federal election, and recaps the reasons why house prices saw unprecedented gains during 2021.
She also looks at how flood affected markets will fare, what the reopening of international borders means for the property market, and whether the regional shift seen during Covid-19 is likely to continue.
“I think where we will start to see a little bit of a drop off in activity is in those regional areas that are a bit further away – not quite within commuting distance. It will be an interesting year actually for regional areas, but the ones that will continue to see strong demand will be those that are adjoining a big capital city.” – Nerida Conisbee.
Samantha and Nerida also discuss:
- Why the pandemic sparked so much property fear, how that failed to eventuate, and the reasons prices skyrocketed in 2021.
- Whether the major markets of Sydney and Melbourne are starting to decline and how the reopening of international borders will impact both rents and prices.
- What’s likely to happen in flood affected areas in the next 12 months, and when an inevitable rebound will occur.
- How the Brisbane floods of 2022 compare those in 2011, and why this is a very different scenario for the Queensland property market.
- The markets where international arrivals are likely to have the most impact, and who is set to benefit from the border reopening.
- When interest rates are likely to rise, and why some markets are impacted by interest rate talk more than others.
- Whether the great regional migration will continue and the markets that are set to enjoy the benefits for a long time to come.
- How the federal election will impact real estate and the policies that Nerida believes will be firmly on both parties’ agenda.
- The other major trends that Nerida is seeing in commercial property, lifestyle locations, and also agriculture.
And much, much more…
Links and resources mentioned
- End of year wrap: Mark McLeod
- Sydney house prices drop, Melbourne’s stall
- Real estate industry comes together to aid flood victims
Nerida Conisbee on Elite Agent
- Challenges ahead but the market will recover from floods
- The street names that boast the highest prices
- Nerida Conisbee’s top seven predictions for 2022
- Will house prices double by 2032?
Connect with Nerida