The Per Square Metre price of property is rising. Here’s why
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In this episode of Wealth Coffee Chats, Jason Whitton walks us through the eye-opening new trend of second hand properties selling for $20,000 per sqm. If that’s the case, is it better to buy off the plan? What’s driving this new wave of property values? Let’s Wealth Coffee Chat!
00:00 – Introduction.
01:54 – Show starts – Buy well, never sell.
04:52 – What are the elements that determine the per square metre rate for property?
06:29 – The sqm rate for properties on the second hand market is no longer always cheaper.
09:32 – More people are buying apartments, and this is pushing up prices of property per sqm.
11:35 – In 2025, supply and demand will close the gap between new and second-hand property prices.
16:06 -Conclusion – From next year onwards, we will be paying NEW prices for OLD property.
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