real estate market

Government policy is a bigger issue, and supply is a major concern.

And before you know it, the entire property market is apparently on the verge of collapse.

Now, I'm not suggesting there aren't genuine challenges in the market right now.

There absolutely are.

But here's the thing: this is not new.

You only need to look back across the property charts over the past few decades to see that the Australian property market has always moved through cycles, booms, downturns, periods of stagnation, periods where everyone thinks property can only go up, and periods where everyone thinks property is finished.

And without wanting to sound too ph-philosophical about it, and I must apologize today, I do sound like Snuffleupagus.

I do not know what I have caught, but there is some serious bugs going around Newcastle, so apologies.

We saw home prices in first-tier cities edging higher in August month-on-month, while we saw year-on-year declines narrowing across all city tiers.

Where do we stand right now in terms of price stabilization in China's property market?

When we are looking at the current status of China's property market, it has been going through a period of correction in the past few years.

And now we can see that the price is starting to stabilize.

There are many reasons supporting this.

Finally, the financial conditions of mortgage are now much better when compared with a few years ago.

The down payment ratio is much lower, the interest rate is much lower, And now you can lend up to 40 years, which means the average monthly payment can be much smaller.

So with all these reasons adding up alongside the growing of China's economy over the past few years, we can see the property market is now starting to stabilize.

in the u.s so they're acting like they debt doesn't matter they can have as much debt as they like because they are the primary you know currency reserve currency in the world and you know they are the great nation of the united states so they but the bond markets are going no no you have to pay a price for this and that is higher cost for your debt and so Yeah, so bring it back to in Australia, that's where we're seeing now the money markets suggesting that rates may go up again this month and then in a couple of months later.

I think, I hope the RBA are prudent because I do think what's happening in the property market is going to have, like we've spoken about since the day after the budget, multiplier effects that are yet to flow through to the economy that are going to slow down our economy, slow down consumer spending and therefore slow inflation without having to have another rate rise.

So I hope they don't...

Have another rate rise prior to Christmas.

I hope they wait to see the impact through the economy of what's happening in the property market because I don't think they should raise again and I wouldn't if I was sitting on the board.

And that gives me an interesting segue that we normally have a little bit of a flow where we next sort of talk about rents.

But like, I'm sort of like, this is Christmas.

Now, sometimes I think these less complex calculations for median can pick up what's happening a bit sooner and a bit earlier.

But I'll introduce him in just a moment.

But what we're going to talk about is the property market and what's it going to take to get it going.

But also...

Because there's talk about it being, say, like three years or something before we're going to see any major improvements.

I'm going to wait.

Well, we see this with the property market as well, and then people wait on the sidelines, and it just gets further and further away from them.

Exactly.

So everyone, if they actually stop and think about how silly this phrase is, will actually realise that it's actually the dumbest phrase that's ever been invented for finance and investing.

Yeah.

And this applies to property as well.

Buy when you're ready, when your finances allow it, when you can get a loan, when you can service the loan, all of those things, rather than trying to time when the property market is.

Yeah.

Yes, because it contributes to housing costs.

It's now looking like the RBA is not coming to a rescued property market anytime soon.

They've also said that publicly.

Segment five, the banks are still fighting hard for your business, and harder than ever.

The idea that you come up with a number right now is a bit silly.

I think what Angus Taylor has done is, hey, I'll tell you the number because the number will match the number of houses we built so people will find somewhere to live and we don't screw up the property market.

I think that makes complete sense.

But as a microscope goes completely on, all right, so no longer – Labor can no longer be trusted to deliver.

Oh.

Now on weekends, the real estate show.

Yep, let's talk about Australia's favourite obsession, the property market.

Whether you're keeping an eye on your home's value or looking to buy or perhaps you're renting, we better have a chat about what's been happening.