EP. 1128 THE FAMOUS 2024 PROPERTY FORECAST

Prepare to have your assumptions shaken as we challenge the Sydney Morning Herald's prediction of a mere 3 to 5% rise in house prices by 2024. We posit a potential doubling of that figure and question the accuracy of media speculations during the COVID-19 crisis. We unravel the property market prediction for 2024 - from the recent interest rate increase to the possible skyrocketing property prices in the first quarter - and how the market could react in shock and awe. We also layout the importance of instinctive gut feeling and sensible judgement in navigating this erratic market, highlighting the mispredictions regarding the mortgage cliff and the continuing depletion of savings and offset accounts.Venture with us as we explore the local and international shifts affecting the property market. In particular, we focus on the luxurious property prices in the eastern suburbs and how the recent trends of sea and tree changes are reshaping the high-end market. We also weigh in on the performance of houses versus units domestically and the potential for units to outperform houses in the coming years. As we scrutinize the current entry-level prices for houses on the Northern Beaches, we anticipate a potential steady state in the future. Lastly, we dive into the ramifications of decreasing interest rates and predict a potential growth of 10-15% in the next year. Join us in this captivating discussion about property market trends and predictions.