In a booming property market, people often think that prices will always go up - but that's not really the case. Prices could actually go down despite the boom!
The property market is all about supply and demand, so if there are heaps of buyers and not enough properties on the market, prices will rise, and vice-versa. Today, we're going to look at what factors drive property prices up and what makes them fall.
If you enjoy the show, do like, rate, subscribe, and share it with others! We have loads of resources available and if you'd like to chat, email us at
[email protected]!
We are also holding a live Where to Buy Workshop - Investor Edition on Wednesday, Nov 24, 2021, 7-9PM AEDT (6-8PM Brisbane time)! If you want to join us, check out the link here!
Let's dive in!
1. "The Floating House" in Seattle, Washington [03:40]
2. What influences supply in property? [06:08]
• The problem with having low supply in rising property markets [08:48]
• Financial stress & desirable yet tightly-held locations [10:11]
3. Unpacking demand in the context of property [11:36]
• One powerful factor that affects demand in property [12:35]
• How does F.O.M.O. contribute to demand in property? [13:48]
• Markets can overstretch themselves & vendors can get greedy [16:29]
• Home buyers CAN get decision fatigue! [18:31]
• Prudential regulations have a HUGE impact on demand [20:54]
4. Supply and demand create market conditions [24:52]
5. Why do different cities perform differently at the same time? [27:27]
6. Appreciation of land & depreciation of buildings [29:05]
If you enjoyed today's podcast, don't forget to subscribe, rate and share the show! There's more to come, so we hope to have you along with us on this journey!
