Hello and welcome back to the 360 Money Matters podcast! This week we do a deeper dive into what we are seeing in the Melbourne property market and what is driving the increase in property prices.
We discuss how and why property prices are rising in Melbourne that is attributed to: Covid restrictions having caused a shift in people’s thinking around their living arrangements, low interest rates driving property prices higher, demand outstripping supply and the effects on property prices and a higher household savings rate due to compressed household consumption.
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This podcast contains information that is general in nature. It does not take into account the objectives, financial situation, or needs of any particular person. You need to consider your financial situation and needs before making any decisions based on this information. This information is provided by Billy Amiridis and Andrew Nicolaou of 360 Financial Strategists Pty Ltd, authorised representatives and credit representatives of AMP Financial Planning – AFSL 232706
Episode Highlights:
• Headline percentages in the broader market.
• Factors driving the rapid rise in property prices.
• The deposit is the biggest hurdle to owning a property.
• The property market’s direction in the near future.
