Australia has a diverse and dynamic property market influenced by various factors such as economic conditions, population growth, interest rates, and government policies. The robust real estate sector has long been characterized by both metropolitan and regional markets.
It is not new to know that the interest rate is heavily influencing the real estate market and the related industries.
The Reserve Bank of Australia (RBA) has always played a crucial role in influencing the property market through its decisions on interest rates. With migration and natural population growth on the rise, it is highly affecting the demand for housing. Cities with strong population growth often experience increased demand for residential properties.
We will be discussing the impact of interest rates on other cities in later parts of this series, but this first episode is dedicated to Perth.
Perth, the capital city of Western Australia, has its own unique property dynamics. To analyze this market effectively, Our CEO Moxin Reza and prominent guest Alex Fedoseev from htAG Analytics delved into Local Government Areas (LGAs) within Perth. LGAs are administrative divisions that encompass suburbs and provide valuable insights into localized property trends.
As the discussion went deeper into specific LGAs, key metrics such as median property prices, rental yields, and growth trends were analyzed to provide a comprehensive view of the Perth property landscape
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Episode Highlights:
- 00:00 Welcome to Helpmebuy Property Podcast
- 05:12 Macro start to what to buy
- 10.13 The three tax cuts
- 18.02 Socio-economic factors & supply and demand
- 22.59 SA2 is collection of SA1
