2024 Warning - Australian Housing Market Crash

As we head into 2024, there are a number of factors all combining that will put downward pressure on the Australian Housing Market. This could result in a decline in House Prices or even potentially a Housing Crash.

DISCLAIMER: This video content has been made available for informational and educational purposes only and does NOT in any way constitute financial or investment advice.

#australianrealestate #housingcrisis #housingmarket #bikokonstantinos

[bikokonstantinos]

Do you think Australian House Prices will fall in 2024?

[SeanTalkoff]

I suggest you offset your real estate and get into stocks, A recession as bad it can be, provides good buying opportunities in the markets if you’re careful and it can also create volatility giving great short time buy and sell opportunities too. This is not financial advise but get buying, cash isn’t king at all in this time!

[KarlyNoorda]

The fact that there is already an excessive amount of demand awaiting its absorption, despite how everyone is frightened and calling the crash, is another reason why it is less likely to occur that way. 2008 saw no one, at least not the broad public, making this forecast, as I'll explain below. The ownership rate was noted to have peaked in 2004 in the other comment. Having previously peaked in the second quarter of 2020, we are currently at the median level. Between 2008 and 2012, it dropped by 3%, and by the second quarter of 2020, it had dropped from 68 to 65.

[Steve-kkyb]

I encourage everyone to go out and talk to our younger adults, ask them what they think of basic shelter affordability in this country. The answer is mostly uniform, they feel betrayed, like its not their country anymore, that they have no chance going forward. Do you expect these young people to continue working hard to supplement your pensions?
The 'reap the whirlwind' part is not too far away.

[babylon]

I've looked up the ABS stats on migration, and the numbers are bad. 700, 000 total arrivals and 500+k net overseas migration. Population growth rate is at a staggering 2.2%, higher than other western countries. Then you have the wages not meeting up with the CPI rate. All it takes is the removal of CGT, Negative, Migration cuts, Bank Regulations and the ban of Foreign Ownership.

The Albo government reacted with a pathetic housing fund, the pathetic energy bill relief and the lack of urgent cuts to migration.

[PennyBurdick]

We need to normalize a simple lifestyle and stop normalizing debt. Huge SUVs, huge houses and private universities are simply not necessary. I live within my budget and I sleep better at night knowing that if I lose my job tomorrow, ' be fine. I didn't buy the biggest house. I bought the one I could comfortably repay

[bandicoot]

the AUD is worth less, the Chinese investors are parking funds, the retiring Baby Boomers don't need loans, the interest rates are choking the wrong people, and the prices ain't going down much, worst prediction about negative 3% in some places.😒😪

[danjones]

I was chatting with some serving Army guys last night in Sydney who told me they all plan to quit and go work security in the Middle East. Reason - they can’t afford to buy a house so what exactly are they risking their lives for.

[jubbafrubby]

a crash in house prices is what this country needs. it also needs the removal of all tax subsidies and the HALTING of immigration

[stevewarnock]

We are screwed if our market crashes while overseas investors can purchase in Australia

[triggerdagrunoperator]

I hope it does crash but I don't think it will.

[rubyduby]

At the end of the day, how many people can afford to pay the interest on a million dollar home? Not many.

[andrewmackenzie]

I hope we see a cash rate at 6/7%.
Money needs to be respected, not abused for land speculation.

[donavonlarney]

material costs & material availability will keep those prices up..

[rebuildingdad]

Housing has never gone down in this country. It's Australia's only industry. The government will never let it fail as it's heavily invested.

[chrischen]

Love the idea of more taxes for foreigners to buy property in Australia ... I put that as an idea prior ...

[Glider]

If you look at the gov policy on immigration in detail, the promised reduction to immigration for 2024 is only on paper.

[choopa]

Western countries are going down quickly. ASEAN countries are on the way up from a gdp point of view. Australia is where my heart is but there is better options out there. A lot of aussies moving to se asia and South America.

[joshkwd]

I think the fact that you are decent human makes you want to believe that the house prices will go down. I don't think anyone can break down a complex system and really make any soild prediction, but I think property is still very cheap in Australia compared to China, NZ, Canada etc. Our wages are also very high. Given it's so hard to build more houses these days, I wouldn't be surprised if things go up even more. Best wishes

[MrCartoonlife]

I think the bad times are over…expensive housing and essentials is not a sign of good times. It’s a sign of bad times usually associated or in close proximity of war

I’d say if the housing market crashes the good times are starting.. affordable essentials? Wow thanks