Know the perfect storm around real-estate. #shorts #australia #investing #realestate
In this short video, the speaker highlights a severe imbalance in the Australian property market. Currently there are about 247,000 homes listed for sale, which is roughly 32% fewer than five years ago, even though the national population has risen by about 1.7 million people in the same period. Rental supply has contracted even more dramatically: seven years ago there were around 78,000 rental listings, now only about 30,000, while the population has grown by roughly 2.5 million. The speaker frames these twin shortages of sale and rental inventory against a growing population as a "perfect storm" that will persist through 2024. He notes that strong wage growth is expected to continue, and that upcoming inflation and interest‑rate data will be key drivers for the market’s trajectory.
