Warning: Cracks Are Appearing in The Housing Market

[@cn89949]

Agree that 1H25 should see a decline, i'd imagine a glut of listings will appear in Feb as people realise over the holiday break that they can't keep hoping for interest rate cuts if they're barely just holding on, and it will take at least a few months for theis glut to clear

[@AusPropertyRedom]

Yes I think a lot of that is likely. Maybe it could be an increase in demand if people increase certainty that rate cuts are close. This would be pretty similar to 2024 behaviour too.

[@Maddfisher]

If the prices drop 20 % in Melbourne they will still be a rip off

[@AusPropertyRedom]

They’ve probably fallen by more than that over the last 2-3 years adjusting for inflation! Nominally down 5% now

[@Pophead.]

@@AusPropertyRedomthe properties I’m looking at in Melbourne have increased! North - east.

[@AusPropertyRedom]

Patchy across Melbourne! There’s a lot more investors focussed in on Melbourne now too

[@Climizz]

What’s your thought on the mortgage broking industry with banks may potentially use AI to create assessment tools easier for consumers and replace mortgage brokers?

[@AusPropertyRedom]

Yes will definitely change the way we work and may lead to some big changes in the industry. A lot of this started in 2024 too, and will only accelerate in the next few years

[@GearedPhantom]

Let all the house prices fall fr

[@InfinityIsland2203]

Don't worry, everyone, the host says interest rates going all the way back down.

[@AusPropertyRedom]

Generally house price falls over the past few years get buffered by rate cuts! (Not 22’ cycle) Not all the way back down either - that’ll trigger substantial price rises

[@jordanhe6318]

Just ruined my Christmas 😢

[@AusPropertyRedom]

Haha noooo! The end of this video has good news after this decline period!