Finance & Fury Podcast

Welcome to Finance and Fury, the Say What Wednesday edition. This week’s question is from Martin. Paraphrasing the question – but the crux of it is - What is happening in the property market and will property prices decline from here or were the original bank forecasts overestimated? Great question – Today What is going on in the property market – Did an episode a few months back covering the economic forecasts – went through worst and best cases – said that it wouldn’t be the worst – probably some where in the middle – so where does the market currently stand To start with – looking back on the Aus house price index – was growing strongly since the late 90s – had ups and downs along the way – but on average – the prices have mostly moved sideways over the past 3 years - rising or falling by around 10% per year across major cities like Syd and Melb Back in 2018 when prices started to fall – not much to be concerned about - affordability remained strong, unemployment was low and interest rates had room to fal