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9.4% Growth Forecast: $94,000 on a Million Dollar Property in 18 Months?

Oct 5, 2023 | Podcasts, Wealth Coffee Chats

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Well, let’s find out what that is. Let’s Wealth Coffee Chat!

0:00 Introduction.
1:30 Show starts.
4:20 2 days ago the RBA for the fourth time in a row left the cash rate at the same rate. And there’s discussion that the cash rate could go down by 1% in 2024.
5:00 We know that interest rates go down there are some things that are worth paying attention to… one of those is capital growth.
5:28 Forecast of capital growth.
12:09 The cost of constructing has increased 20 to 30%.
13:55 People are paying more for properties because there aren’t many around.
14:35 Weekly asking property prices chart by SQM Research.
18:20 The point is, the market is already moving, properties cost more to build than 6 months ago, if you look at good data and you understand momentum you can make a good move.
19:12 Closing thoughts.

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