Is 2024 a Good Year to Buy Property in Australia?

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00:00 Is 2024 a Good Year to Buy Property in Australia?
00:30 Trying to Time the Property Market
01:55 Understanding property market cycles
03:51 The importance of long-term planning when buying property
06:35 First Home Buyers Moving to the Regions
09:41 Affordable regional towns in Australia
10:00 Unique Regional Areas in Australia
11:31 Current housing market trends in Australia
13:40 Conclusion: Patience and timing in property investment

[davidbrayshaw]

If you're planning on moving to a regional area from the city, have a realistic expectation and understanding of the lifestyle changes that will be involved. "Little" things like not being able to buy take-away after "X" O'Clock or being able to catch cabs at certain times can be confronting. You're also now a long way from family and friends. Can you really handle that? For some, it's a dream come true, for others, it's a nightmare.
The other thing to consider is culture shock. You're moving into an established community. You have to adjust to their values, they don't have to adjust to yours. That Gun Club just down the road from your new home has had events every Wednesday Afternoon and Saturday afternoon since 1948. It might only have 80 members, but they all have relatives in town, they all have friends in town and they all have a social and economic interest in town. They are very much part of a community which loves them, even if you don't. It's the same with the footy team that trains at the local park and the kids that ride at the MX track on Sundays and so on.
You might perceive country towns to be mono cultures given the propensity of white people, but the reality is that there is often a very diverse culture in these town that transcends skin colour. You have to truly be tolerant of others and their beliefs and motivations in a smaller community. This can be very confronting for people that talk the talk but have never been in a position where they have to walk the walk. You might hate guns, football and moto cross, but top tip: You're buying the raffle tickets and you're supporting them when the town over comes to compete.
That's just the way it is.
I live in a great small town, in Victoria. But plenty come and plenty go, just the same. Think hard before committing. It's not all about the Farmer's market once a week.

[trythis]

Bought a house in southeast QLD about 14 months ago and it has gone up $150K nearly didn't buy, so happy I did now.

[Stephen.Dawson]

Thanks for the insight, guys 🙏🏻 Bought my Townhouse in South Bris for $307K, they now sell for $570K. Pretty excited to see what happens next, wonder if it will grow more 🤔

[anguskeys]

Currently building a house in beaudesert- we could only afford a townhouse on the coast, compared to a decent house regional. It seems alot of city folk are following the trend. The commute is similar to travelling the M1 everyday, and working from home makes it easier to move regional! I think with the current housing shortage these smaller suburbs will become well developed. Great video!

[bebekkartal]

What do youthink about North Ipswich? I am about to purchase a 5 bedroom 2 bathroom 800sqm for $640K but I worry about the crime rate etc

[kim-anhhuynh]

I stumbled across your video... real estate trends is always a hot topic. I was wandering if you'd be able to do a segment on buying with Super. There's a lot of adverts on using super to buy, but when I did some research there wasn't very much appeal in buying a home with your super if you can't live in it.

[MrBluedude]

im from melbourne, i have my deposit to buy a family home in my investments property i the outer west estate, an dim currently renting myself. my property has grown in value and there is alot of it paid off.
should i sell soon so i can buy a property (looking in the suburb areas not outer or estates)

[ianwilliams]

Buying an apartment to build equity is idiotic. Many apartments fail to grow in value. Many actually decline in value.

[MsSeine]

QLD land tax changes now effective! This should chase out a few investors and let property return to its intended purpose: homes. With the Fed Gov to pocket $2 billion by wiping national investor concessions, and redirect it into fixing the housing shortage, these should be next.

[StormBK]

Aha i caught you! On your first sentence
“after weeks of searching you’ve ‘foundly found the right home! 😊

*only friendly vibes here people

[Jake.steve]

Property investors and beneficiaries will talk up property. Scam .

[d.j.z.j]

Whats ipswitch and logan area like. Woukd you touch h and l in these areas

[bryanhazelton]

Gentlemen, a family is a bad investment, likely your woman will take the property from you plus take away all the children which you provided for.
Don’t purchase more bedrooms than what you need and instead purchase in the nicest suburb which you can afford.
The larger the property, the larger the taxes and bills.
The Best financial investment advice is to not cohabitate with an Australia woman.
We have dishwashers and microwaves and meals are now delivered to your door.
Hiring a professional cleaner will do a better job and cost a lot less in the long run.
Women are no longer useful for much more than a occasional fun time.

[AA.AA.]

Just wait and save til the housing market crush. Rent for the mean time.😊