{"version":1,"type":"rich","provider_name":"Libsyn","provider_url":"https:\/\/www.libsyn.com","height":300,"width":600,"title":"Is This the Bottom for Sydney and Melbourne Property? | Dr Andrew Wilson","description":" Sydney and Melbourne house prices have just recorded their first monthly rise since April, and I think that\u2019s an important signal for anyone wondering where our property markets are heading as we move towards 2027.   Many commentators had written off our two biggest markets this year, after four interest rate rises, major changes to property taxes and a big cut in migration.   Yet Melbourne led the nation in October, with house prices up 0.6% over the month, and Hobart and Sydney also moved higher.   Meanwhile Brisbane, one of the stars of the last few years, recorded the biggest monthly fall of any capital city, and Perth and Adelaide also went backwards.   According to Dr. Andrew Wilson's My Housing Market, national house prices are still 3.8% lower than they were a year ago, but the rate of decline has roughly halved in a month as the spring selling season brings buyers and sellers back.   Today Dr Wilson and I  look at what\u2019s driving this shift and why national unit prices have just recorded their first annual fall since mid-2023. We\u2019ll also cover why unemployment at its highest level since COVID could change the RBA\u2019s thinking on rates, and why the government\u2019s new investor tax changes are likely to push rents higher, not lower.   Most importantly, we\u2019ll talk about what all this means for you if you\u2019re thinking of buying, selling or building your portfolio over the next 12 months.   Stick around to hear why this could signal an early recovery, and what it means for buyers and investors.   Takeaways   \u2022 Spring selling season lifts sales as buyers return \u2022 Melbourne's three-year slump now offers buyers cheaper entry prices \u2022 Brisbane's boom cools as higher rates push prices down \u2022 Rate rises lose bite as markets adapt \u2022 Rising unemployment pressures the Reserve Bank to hold rates \u2022 Fewer international students raise unit vacancies, flattening rents \u2022 Buyers enjoy lower prices and less competition right now \u2022 Perth still leads year-to-date growth despite higher rates \u2022 Brisbane units slump after a 26.7% two-year surge \u2022 Canberra units rising 1.7% shows pockets of strength   Links and Resources:   Answer this week\u2019s trivia question here - https:\/\/www.propertytrivia.com.au\/ \u00b7        Win a hard copy of How To Grow A Multi-Million Dollar Property Portfolio In Your Spare Time. \u00b7        Everyone wins a copy of a fully updated property report   Get a bundle of eBooks and Reports at: www.PodcastBonus.com.au   Get the team at Metropole to help build your personal Strategic Property plan. Click here and have a chat with us     Michael Yardney \u2013 Subscribe to my Property Update newsletter here     Also, please subscribe to my other podcast Demographics Decoded with Simon Kuestenmacher \u2013 just look for Demographics Decoded wherever you are listening to this podcast and subscribe so each week we can unveil the trends shaping your future.   About The Michael Yardney Podcast | Property Investment And Wealth Creation Australia   The Michael Yardney Podcast is one of Australia\u2019s leading property investment podcasts, helping investors understand the Australian property market and build long-term wealth through strategic property investing.   Each week we explore: \u2022 Australian property market updates \u2022 Property investment strategies in Australia \u2022 Melbourne property market trends \u2022 Sydney property market forecasts \u2022 Brisbane property investment opportunities \u2022 Capital growth property strategies \u2022 Property cycles in Australia \u2022 Negative gearing and tax strategy \u2022 Interest rates and their impact on property \u2022 Buyer\u2019s agent insights and investment planning   If you\u2019re serious about building a high-performance property portfolio and creating financial freedom through real estate, this podcast will give you the clarity and strategy you need.   Learn more at:https:\/\/propertyupdate.com.auhttps:\/\/metropole.com.au ","author_name":"Property Investment & Wealth Creation Australia | The Michael Yardney Podcast","author_url":"https:\/\/michaelyardneypodcast.com.au","html":"