🎧 June’s national data didn’t shock, but it reinforced the challenges we’re seeing across our two biggest cities, and underpinned a slowdown in every capital city.

The Trio reflect on the impact of the Budget Night tax changes, combined with the pressures felt by our three consecutive interest rate increases.

Annual changes to rents are noteworthy in the house segment of the market. Every capital city is outpacing inflation, and vacancy rates continue to remain particularly tight.

Increasing rental yields are a consistent theme, with Melbourne edging towards a median gross rental yield of 4%… something we haven’t seen for decades. Listing figures continue to tell a compelling story, and Dave sheds light on the relationship between tightening old listings and capital growth. The question remains: will strong numbers of Spring listings unfold, and if so, what will this mean for supply and demand? While buyers remain cautious and investors retract, the property landscape is an intriguing one…. and not one that the Trio had forecast when they made their 2026 predictions. The power of legislative change cannot be underestimated.

As always, the focus is on helping listeners cut through the noise and understand what the data is really telling us.

🏠 Tune in to hear more!…

Resources:

o   Ep. 12: Property Cycle Management – why now is always the best time to buy if it suits your personal economy and you have a long-term property plan

o   Ep. 158: How interest rate cycles have impacted the property market since 1990 when the RBA first started targeting the cash rate and some predictions on what will happen this time

o   Ep. 164: Analysing regional locations – What investment principles can be gleaned from the highest performing regions in each state? Comparing capital city vs regional performance from 2003 – before and after covid

o   Ep. 361: Are Government Property Incentives Helping Buyers or Heating the Market?

o   Ep. 364: The Budget Aftershock – What Comes Next for Property Prices and Yields & What Does a ‘Perfect’ Investment Look Like Now?

Upcoming ep: #371 – A great listener question about whether apartments and units are a viable option for investors who focused on cashflow and growth.

Charts sourced from Core Logic and Westpac