February Property Market Update
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Tim Lawless and I discuss why despite a global pandemic, border closures, lockdowns, lack of migration, higher unemployment and flatter wages the property market seems to be defying logic with the fastest rate of growth in 17 years. We review the strongest performing capital city, regional growth and are the predictions of up to a 20% growth in the market really sustainable. We review supply and demand of new listings and how this favours sellers and the extreme disparity in the rental market that has seen rental rates plunge in two capital cities. I also asked about the potential of forced sales coming onto the market given March sees the end of JobKeeper and deferred mortgages. The property market is certainly a hot topic of discussion, there has been no cliff, issue of affordability has not eased, interest rates remain at record lows and with listing numbers not meeting demand, we will continue to see growth.
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