Property pulse with REA: What’s really happening in the property market?

Australia’s property market is changing fast, with many of the trends of the past five years now reversing. Adam speaks with Angus Moore, Senior Economist at REA Group, about what’s shaping today’s housing market, from uneven growth between cities to shifting migration patterns and the impact of higher interest rates on buyers and renters.Listen to the full episode of Own It: Your Property Partner for expert insights on navigating Australia’s housing market with confidence.Timestamps:00:00 Introduction00:18 Current market trends00:45 Differences between major and smaller cities01:55 Impact of interstate migration03:26 Market stabilisation outlook05:58 Rental market pressures08:23 Construction and approvals12:59 First-home buyer affordability15:45 Recent price movements16:58 Interest rate outlook17:54 Government schemes20:35 First-home buyer advice21:37 Economic risks22:38 Wages and business investment23:54 WA market outlook26:43 Melbourne trends30:26 National insights37:04 Generational differences41:26 Market predictions42:45 Closing remarks------------------------------------------------------ABOUT ANGUS MOOREAngus Moore is the Senior Economist at REA Group, where he analyses Australia’s housing market using real-time data from PropTrack to help buyers, investors, and policymakers understand market trends and affordability.He worked as an Economist and Data Scientist at Accenture Strategy, leading data-driven projects on the economic impact of COVID-19 and contributing to Xero’s Small Business Insights and Index. He also spent five years at the Reserve Bank of Australia and holds First Class Honours in Economics and a Bachelor of Laws from the University of Adelaide.See more from Angus:LinkedIn: https://www.linkedin.com/in/angus-moore-ba8aa477Website: https://www.rea-group.com/               https://www.realestate.com.au/ABOUT ADAM SCHAALFounder and Director of Locale Property Group. With decades of experience and billions in transactions, Adam is known for integrity, clarity, and helping clients make confident property decisions through honest, long-term guidance.More from Adam: LinkedIn: https://www.linkedin.com/in/adam-schaalABOUT OWN IT: Your Property PartnerReal stories. Real lessons. Real talk.Buying your first home, upgrading, or investing can be daunting, you don’t have to do it alone. Hosted by Adam Schaal, Own It shares real experiences, wins, mistakes, and mindset shifts to help you make smarter moves without the jargon.Learn more:Podcast: https://open.spotify.com/show/6mJ6RDVDZNU4Ov7aoH6FdAFacebook: facebook.com/localewealthFOLLOW US  : Locale Property Group HomesIG: @localehomesau | TikTok: @locale.homeslocalehomes.com.auWealthIG: @localewealth | TikTok: @localewealthlocalewealth.com.auFinancialIG: @localefinancial | TikTok: @localefinanciallocalefinancial.com.au