Why Australians Are Scared To Buy Property Right Now | Mark Bouris & Nerida Conisbee

Nerida Conisbee, Chief Economist at Ray White, joins Mark Bouris on Property Insights to unpack what is really happening in the Australian property market, and where prices could be heading next. With interest rates rising, consumer sentiment falling, investors pulling back and the latest Federal Budget creating more uncertainty, the property market is at an important turning point. Nerida shares Ray White's latest data on buyer activity, explains why open home numbers have fallen sharply, and reveals why she believes national property prices are unlikely to fall more than 5% from peak to trough. The conversation goes deeper into what actually determines property values, the role banks and borrowing capacity play in setting prices, and why construction costs could ultimately put a floor under the market. Nerida also explains why population growth and jobs remain critical drivers of regional property markets, what has transformed places like the Gold Coast and Geraldton, and how infrastructure such as train stations, public transport, retail precincts and proximity to water can influence long-term property values. She also gives her view on Melbourne, houses versus apartments, interest rates, unemployment, rental supply and the potential impact of fewer investors entering the market. If you're a homeowner, investor, first home buyer or simply trying to understand where the Australian property market is heading, this episode is packed with insights into what the data is actually telling us. See omnystudio.com/listener for privacy information.