End of October 2023 Market Update

If you're considering expanding your property investments, the time to act is now. Wondering why? The current market conditions offer some compelling reasons, which I'll delve into below.

We're facing an unprecedented housing market where affordability is quickly dwindling due to record low vacancy rates. The challenges in our housing market don't just stem from a growing population and rising home prices; it's a complex issue influenced by factors like limited supply.

To truly address these challenges, we need a joint effort. Both private investors like yourself and the public sector have a role to play in providing a variety of quality housing options for our communities to flourish.

According to PropTrack , the annual population growth is set to break another record, exceeding 600,000 people. This surge is likely a major factor in the rapid increase in home prices we've seen in 2023, as well as contributing to the tight rental markets.

So, if you're in a position to grow your portfolio, now is the time to make your move. Kudos to those who have already taken steps this year, especially given the current uncertainty in the market.

The video is a summary with more details and links below about...

• Property prices continue their upward march

• When are interest rates expected to drop?

• House prices set to surge by June 2025

• Can housing keep up with Australia’s forecast population boom?

• Rent prices hit new records; an additional 70,000 rentals needed to balance the market

• Vacancy rates plummet to another record low

• Brisbane property price boom likely to push into 2024

• Shared Equity Home Buyer Helper (NSW)

• Thinking about a Self Managed Super Fund - Read my article first (link below)

• The Action You Need to Take

Click on the image or LINK to watch the video.