_{0.54 – Mike treats us to some Frank Sinatra, but he forgets we are recording one more Christmas special}

_{1.39 – Market update commences}

_{6.00 – Cate talks through the historical declines and how our most recent decline compares to others}

_{9.39 – VIc regional recovery? Maybe… tune in to hear what Dave and Cate have to say about anecdotal evidence and data}

_{17.45 – How is the data capturing investor-led sales? Cate delves into this new technology}

_{22.47 – Teaser from next week’s episode… Artificial intelligence}

_{31.46 – Has the Melbourne pendulum swung? Cate talks about the coal face experience and how this signals market conditions. Did the November rate increase bite? Or is it Christmas?}

_{50.36 – Gold nuggets!}

The November data is out! The headline figures prove that the ‘middle sized cities’ are still out-performing; Perth, Adelaide and Brisbane. And Melbourne disappointed with the first negative month in a while.

We have seen a new peak in house prices in Australia and for the combined capitals; we have seen a new record high for house prices.

Cate and Mike marvel at the volatility, and in particular the disproportionate declines that our markets have experienced in recent years. And Dave pulls apart the weaknesses in median prices when it comes to data segmentation associated with houses versus units.

Have the Victorian regions bounced back? Maybe. But how does wage price index correlate?

“If you want a job, work from home. if you want a career, come back to the office.” Do you agree with this quote? And how has WFH impacted Australian property?

Cate delves into investor-led sales and how the segmented data is captured. And she asks when policy makers will recognise the rate of investor sales.

The Trio focus on rental increases and vacancy rates; despite the rate of growth relaxing, rental growth is still broadly in positive territory for most cities. And when we consider our new arrivals, and policy around skills, it’s questionable that our services-inflation woes are being accurately addressed.

Mike asks Cate about new listings, and she points out a few points of interest in relation to the relationship between new listings and buyer demand. Cate talks about the impact of the most recent cash rate increase and the typical hallmarks of December market conditions.

Mike steers us through the Westpac Consumer Sentiment Index. There have been a few subtle changes, and the Trio attempt to understand the broad attitudes towards timing the market and economic outlook.

Personal, unsecured loans have tricked up and Cate is troubled. Tune in to hear more…

And Dave covers loan approvals, mortgages and decreasing refinancing numbers. Dave reports that this is the lowest read since May 2022.

Lastly, Cate and Dave touch on Sydney vs Melbourne price disparity and some of the reasons why Sydneysiders are taking advantage of the Melbourne market.

And… time for our gold nuggets…

Cate Bakos’s gold nugget: For all of those budding purchasers who are focusing on 2024 as their year… take advantage of the buying conditions in the early part of the year. Agents are talking about increased listing volumes and the supply/demand ratio may favour buyers.

Dave Johnston’s gold nugget: Dave emphasis the attractive conditions that buyers could face in Melbourne, Sydney and Darwin in the early months of 2024.

Resources:

If you’ve enjoyed this show, take a listen to these eps:

Ep. 6 – What determines your property strategy?

Ep. 10 – Why your approach and assessment is paramount to property success

Ep. 12 – Property Cycle Management

Ep. 18 – When to hold and when to fold

Ep. 60 – Why established properties out-perform