Australian Property Market Update: EOFY 2024 - What's Next?
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- Опубліковано 15 лип 2024
- Struggling to break into the Australian property market? This episode of the Australian Property Investment Podcast is your key to unlocking success! Join Aaron Christie David as he dives deep with brokers Damien and Bernie. As mortgage brokers, they see it all - the good, the great, the bad and the 1% property investors who have scaled their portfolios to new heights.
Feeling stuck as a self-employed borrower? New strategies are here to help you secure finance. The episode tackles the crucial topic of navigating the "haves & have-nots" gap in the property market, and Aaron even shares his money mentor and the secret to building wealth beyond property. Plus, learn from Bernadette's money management system and how she’s become her own money mentor.
Curious about property market predictions for 2024 and beyond? Tune in for insights that will guide your investment decisions. You wouldn’t want to miss this episode - it's packed with actionable tips and cautionary tales you won't want to miss!
Timestamps
00:00 - Introduction and EOFY Reflection
06:50 - What’s new in the Lending Industry
11:28 - New Strategies for Self-Employed
17:59 - The Growing Gap in the Property Market
20:22 - Who Is Your Current Money Mentor?
27:22 - Property Market Predictions
34:16 - Outro
About Aaron:
Aaron-Christie David founded Atelier Wealth, a Mortgage & Finance Association of Australia (MFAA) approved Mortgage Broker. Aaron’s focus is clear - supporting property investors to make confident decisions to build their property portfolio. He has been recognised in the MPA Top 100 Broker rankings for the last three years.
With over 10 years of financial services experience, with a career spanning Wizard Home Loans and Commonwealth Bank, Aaron's decision to become a broker was to help more Australians fearlessly buy investment properties to achieve intergenerational wealth.
About Atelier Wealth:
Today, Atelier Wealth is a multi-award-winning mortgage brokerage. Our passion, experience, and dedication are key ingredients in helping us maintain our position as one of Sydney’s leading mortgage brokers.
We will do everything in our power to help our clients on their property journey. We work with a variety of clients with differing personal and financial circumstances. Some of our clients may be struggling to secure a loan for any number of reasons.
No matter what your property goal is, we can help. At Atelier Wealth, we find it incredibly rewarding to assist our clients to secure finance. We work in partnership with our clients to make their property dreams come true. Together we’ll make it happen.
Connect with Aaron:
Visit the website: atelierwealth.com.au/
Follow the Australian Investment Property Podcast’s Official Instagram account: / aupropertyinvestmentpo...
Follow Aaron on Facebook:
/ aaronchristiedavid
Follow Aaron on LinkedIn:
/ aaronchristiedavid
Subscribe to Atelier Wealth’s UA-cam Channel:
/ @atelierwealth_au
Super experienced and knowledgeable team!
Definitely picked up a few gems
Thanks for your kind words Steve! Love the feedback and plenty more broker Q&As to come 👍🏽
Not an economist, feel like there is one potentially two more rate increases before we have a cut. Not all, but many of the 1/3 of mortgage free homeowners are still spending - and benefiting from high interest rates. The renters are doing it tough, however there is likely a strong minority who have given up or pushed back their home ownership dreams and will spend money to enjoy life right now. People are still spending, maybe half the population as a guess. The third of home owners with a mortgage, are likely split with a minority buying investment homes, the majority holding on, then the 20% who are near or below the poverty line. Tax cuts will also give back some disposable income, and then tax returns will also fuel some spending. My completely unqualified two cents.
I like when people have an opinion - when we're trying to predict the future, no one has a crystal ball! You're spot on though about the segment of Australians who are feeling the pain, which is the 33% with a mortgage, followed by the 33% who are renting. Tax cuts will provide a sugar hit but there are no free lunches - if we're being paid more then the government will find a way to claw these dollars back somehow and from somewhere. Time will tell!
If there is a recession, I think the floor for the property could disappear
Tell me more - I'm curious. Do you think we're heading for a recession?
@@user-th8fn5kv6i Yes. The GDP trend is on its way down. We are already in a per-capita recession, but a full blown recession has been delayed due to high immigration, gov expenditure (NDIS), but that is not sustainable. So yes, we are headed into a recession in Australia and maybe even globally. Personally I think recessions are just part of the economic cycle and we should let it happen.
@@randomstuff9322 - so many of the metrics and data are "lag" indicators and as you pointed out, we're in a per-capita recession. Definitelty worth checking out the Podcast interview I did with @AkhilPatel about the 18.6 property cycle - super interesting!
@@user-th8fn5kv6i Thanks. I'll check that out. Also it's a good idea to look at the housing market in NZ and the USA. Both are starting to cool and in some areas there are declines