What’s ahead for Australian Property Markets? Forecasts for 2021 | Property Insiders

The pieces to the property puzzle are falling into place and our property markets are on the move and will perform strongly in 2021.

Last October in our regular Property Insider videos – we announced that Australia’s property markets had turned the corner after being put on pause by the coronavirus-induced lockdowns which caused “the recession we made us have.”

But now it’s official, our property markets are performing strongly.

In fact, some commentators are even calling it a “Boom”, with property values rising as more Australians are looking for a new home or to upgrade their homes at a time when there are fewer properties on the market.

As we enter a new year and in fact a new property cycle it’s interesting to look back and see what lessons we can take out of 2020 to make 2021 a better year in property.

Apart from sharing some lessons from last year, when you watch the video Dr. Wilson gives some forecasts for 2021. He sees strong growth ahead and even the possibility (but not the most likely case) of double-digit growth in some capital cities.

[mattbrown]

Australian property market leading the country to some terrible social issues, first home buyers been pushed out of anywhere good, we now seeing borrowing capacities getting increased and lose lending regulations, stage set for disaster...

[MegaOri]

So interest rates go down, property prices shoot up. Interest rates can’t go down anymore so are we seeing the peak of the market? What happens when rates start to go back up? Surely anyone who buys now will be left in negative equity??

[umeshg]

Would be useful if there is a summary of the conversation or highlights.
For an experienced person it is a drag to watch

[kierangleave]

It’s as simple as this- take on as much debt as possible, government will back stop the market, property prices always go up, then borrow against equity to buy stuff, never actually completely pay anything off, then death.

[blueplanethand]

In previous decades this would have been an accurate prediciton, but you can't compare previously 'normal' expectations to the post covid economy... Half of the small business that have shut will never re-open (mine included) with large impacts on prolonged high unemployment & housing affordability.
They would never have introduced the lower home loan deposit requirements of it wasn't a desperate need. Asking with the first home buyer grants bringing future sales to the present, stabilising the weak market.
Even though more government stimulus is projected & inflation eventually will increase house value, the Australian property market is one of the most inflated property bubbles in the world. It will eventually pop within the next years

[zygmuntroslon]

Virus closed thousands of businesses, prices getting down, houses price dropped 30% but....blocks of land price is strong and firm of course. And this is a rope on a neck of every Aussie. The rest is meaningless.

[melhoss]

Glad to see the regular dr andrew Wilson updates are back !

[ruicarson]

Aussies have 30 payments a month already.. Rent....morgage....
Credit cards...car ...city link...house insurance...pet
Gaz...
Water..car insurance...
People is not confident...
Health insurance....
Petrol...car maintenance...smokes
Bosses cannot pay more bigger wages..
Taxes
Etc..etc...

[R.E.A.L.I.T.Y]

Land supply is restricted by legislation and hoarding. Then juiced up on neg gearing tax evasion. Talk about a RIGGED market.

[joshnalder]

This Is hard to listen to,
You say the market cycle has re started, the market has not been allowed to correct, this means in a depression the market now rises faster than during the good times.
Think about what this means

[tilt]

Just read a long post by Michael. Wish he would break the markets up a bit more. So what is going to happen at the top end?

[billfinn]

Talking it up by people with vested interest. People be careful.

[sathyabalakrishnan]

In a week the land price has increased by $30000.

Land cost is going up minimum 20k in Sydney by every 3 months

[harrow]

Well the RBA, the banks, the first homebuyers grant, its all fixed!

[pkd]

Whats ahead for property in 2021.
Higher stamp duty take with higher land values and people from o/s "who dont even live here buying our Land and houses. Waffle waffle by these blogs

[JJ-mclu]

As soon as interest rates go up it will end in tears! I know. I was paying 17% in 1985

[CookieMonster-wyqb]

It’s heating up Michael QC Geoffrey Wilson on the ABC calling for investigation into political donation from property developers the doors 🚪 are slowly crossing on this property scam in Australian history !

[CookieMonster-wyqb]

Stimulus stimulus stimulus stimulus stimulus stimulus stimulus stimulus!
Michael it’s not a FREE MARKET make no mistake this ends badly !

[crazypetemagicman]

Listen to Michael his a guru in this MARKET