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WILSON WEEKLY Ep 150 | Rates on Hold, Rising Rents& Early December Market Insights | Money Mentor | YouTubeToText
YouTube Transcript: WILSON WEEKLY Ep 150 | Rates on Hold, Rising Rents& Early December Market Insights
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Core Theme
The Australian property market is winding down for the year with stable interest rates, shifting rental dynamics, and easing auction activity, while underlying economic factors suggest continued inflation pressures and a period of market consolidation.
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[music]
Welcome back to Wilson Weekly on the
Money Mentor podcast, where data meets
drama and the property market never
sleeps, even if some of us are begging
for it to. We've got rates holding,
rents shifting, and auctions starting to
ease as expected as we head into the
Christmas break. And of course, we've
got Doc here to translate the chaos into
something we can all understand. Hello
again, Doc. What do you have for us this week?
week?
>> Yeah, good day, Rachel. And as you said,
we're just about all over it, aren't we
not? It's been a big year. It's been a
big spring. It's been a big December,
even though we're one week into it.
We've got one more show for the year.
So, look forward to that one. And we'll
have also a year that was uh show coming
through at some stage. So, look out for
that one. But, uh one more week of uh
activity, but um this is the first week
in December and uh we are winding down.
Uh I guess all the buying and selling's
just about been done. Although still
some good numbers coming through in the
uh in the weekend auction market or the
weekly auction markets. Uh and of course
as we'll find out today, there's been a
bit of action around with the Reserve
Bank meeting uh in December just uh a
couple of days ago. So unex not
unexpected result on hold, but we'll
look into the tea leaves in terms of uh
that particular result. So, every week
Rachel and I bring you the uh the Wilson
Weekly with uh in conjunction with my
housing market and the good folks at
Infiniti. Um and we're all about the
current state and future prospects of
your housing market. Clickbait bait free
zone here. We're all about
evidence-based insights into the housing
market as in real time as we can get it
so you can make informed decisions. And
we all want to make informed decisions
if we are engaged in buying and selling
in property because it's a big ask for
most of us. Is it not Rachel? So, uh,
let's get going. Uh, it is the week
ending Wednesday, December 10th, first
full week of, uh, December. Uh, I can
just about hear the bells on those
reindeer. Can you not, Rachel? Uh,
imminent. Hope you've done your shopping
or you're going to be facing big crowds
there in the next You haven't done it.
Oh, well, get used. Get ready for the
crush. Uh,
>> property market's keeping me too busy.
>> Well, that's good, I guess. But it's
been a busy year and it's still been a
busy last week as we'll see. So yeah,
interest rates the uh November that
should be the December interest rate
policy decision of course. Uh it looks
like the holiday mood has got to me as
well. But yeah, we'll scrub that one out
for the update. But yeah, the December
interest rate decision, November home
rents, and that's going to be there's
some very interesting data there,
Rachel. Are we starting to see a
breakout in rents again? Uh I think
maybe we are. We've been sort of
predicting that with these low vacancy
rates we've had consistently for as long
back as we can remember just about now.
And uh maybe signs that those low
vacancy rates are finally starting to
push rents upwards. Not good news for
tenants but I guess it's good news for
landlords out there and as usual the
weekly auction results and as you said
Rachel uh certainly signs not unexpected
of uh just uh our markets becoming a
little tired as we're now within a week
of the end of the season. So let's have
a look. The RBA rates steady again over
December. Four months in a row now with
a steady rate. Even though it sounds
like, oh well, everything's cool and
everything's, you know, just sort of as
we expected. It's not really because uh
there has been a key change in a lot of
the narrative behind interest rate
decision. Um, in fact, I I guess my my
uh takeaway is it's becoming a a lot
less certain in terms of what the
Reserve Bank uh is now expecting from
the key drivers. And uh really in a
sense, the Reserve Bank's sort of having
a bob each way in terms of what the uh
what the prospects for interest rates
are going forward and for the main
drivers, which of course is inflation
and uh and the labor market
particularly. So, um I I think we're in
for a uh a protracted period of steady
rates, which is actually good news in a
way um going forward because it uh gives
us a bit more certainty in terms of
outcomes. But, uh never say never
because we do have still a lot of
potential volatility in those key
drivers. Um not just local economic
drivers but also international economic
drivers. So, let's have a look what the
Reserve Bank said. uh it left rates
steady at 3.6%
as Rachel and I mentioned that's now the
same result for the past four months for
decisions. Um and this is what the
Reserve Bank said and this is a couple
of snapshots from their commentary. The
board's judgment is that some of the
recent increase in underlying inflation
was due to temporary factors. Wow.
Really? uh you know question mark those
temporary factors temporary factors are
electricity prices and yes I guess it's
temporary because prices have been
pushed up as we ended as we said last
time when we speaking about inflation as
we ended the subsidies that the uh the
federal government generously gave us
all those $300 per year uh subsidies for
our electricity bills per household uh
they came to an end in June this year
and they were replaced by what you'd
call subsidy light which was uh half the
benefits from the uh original subsidy.
But of course when we moved into subsidy
light we no longer had the benefit of
the full subsidy. So we had to pay more
for electricity and as we saw with those
with the monthly inflation rate that was
released um that was released recently
uh and of course uh that was for
October. Uh it increased by 37%.
Yes 37% increase in electricity prices
over the year. And of course people are
there going well I know you're not
telling me anything mate. Seriously. Uh
I look at that electricity bill and I
think gee whiz what am I going to have
to save to uh to counter these rising
electricity prices. So yes it's
temporary because you know this the
subsidy light's going to finish at the
end of this year. So it's going to
finish this month. Now whether the
government replaces that uh with another
subsidy is problematic because this is a
obviously an issue for them um because
people aren't going to be terribly happy
with higher electricity prices. But the
point is that going forward uh you know
when we see the annual results once we
get past a year beyond this year
December uh we're not going to see that
comparison with the subsidy data right
or six months beyond we're going to you
know have the same old whatever the
price of electricity is without uh
countering either a subsidy or the lack
of a subsidy so that should start to
ease inflation. So I guess yes it's
temporary but um you know the point is
that prices would have risen to that
point and you still there's no
reductions coming through here. It's
just that we won't see electricity
rising by 37%
every year month by month. It'll be not
rising as much but it'll still be high.
And the point to all that is people have
to find a way to cover these increased
uh electricity costs particularly and
it's sort of the organic cost of
electricity that's still rising
irrespective of the support we've had
from uh those subsidies underlying in
electricity prices are still rising
because the transition from the carbon
economy to the renewables. a renewable
economy is taking longer and costing
more than originally hoped. Um so we are
going to continue to see higher organic
if you lot I mean if you know what I
mean underlying electricity prices. Now
the point to all that is uh we need to
sort of talking about temporary factors.
Yeah we can understand that but you know
I don't know what what are you paying
for a cup of coffee at the moment Rachel?
Rachel?
>> It's still seven or eight dollars.
>> Yeah. I mean, hello [laughter] Gosh.
>> And I mean, I think that's a it's like
there's a thing called the Big Mac
Index, which is used as a sort of a
comparison of the cost of goods between
nations. Now, this isn't the a
comparison of the cost of goods, but
this is sort of telling us on the ground
because Australians love their coffee,
Rachel. I know you love your coffee. I
love my coffee. Got to have two a day or
I can't function. Um but uh uh so I
think that's a good measure of uh just
sort of the way prices are moving. And
um I think also there's a lot of
electricity used is there not in brewing
a cup of coffee. The baristas I mean
it's right you know frothing and all
that sort of stuff. It's uh it's taken a
little bit of juice to do that. Um so
obviously they need to cover their costs
um just as we need to cover our
increased coffee costs. So what that
means is we start asking the boss for
more wages uh for higher wages. So the
boss then has to put up his prices or
her prices to cover the cost of higher
wages. You see where I'm getting at
here? So this sort of starts to get the
ball rolling for underlying inflation
down the track. So even though we might
get some sort of relief because of the
moving through the subsidy period from
those huge increases in electricity that
we've had over the past uh six months uh
it's not necessarily going to mean
relief from inflation going forward. Um
and the other problem we have is you
know we've we've done pretty well with
oil prices because they've continued to
fall but I don't know do you do you do
you buy a lot of petrol there Rachel? I
mean, I don't know. Uh, petrol prices
are still pretty high. I mean, the pump
price is still over two bucks in most
capital cities, and yet we've had this
big reduction in the price or of oil,
and yet we're still paying higher uh
higher petrol prices per liter than
you'd expect with a lower international
oil price. So, you see what I'm getting
at here? I I think we're still on a bit
of a you know hoping and a wishing and a
praying from the Reserve Bank that
inflation continues to be within their
target range which it's not at the
moment. Um so yeah they said that uh
some some of the recent increases in
underlying fla inflation was due to
temporary factors. Okay, we understand
that and but there is uncertainty about
how much signal data from the monthly
CPI. Now we've now moved into this
monthly CPI. We discussed this a couple
of weeks ago. We got the latest data.
It's it's a completely different
measure. So, in a way, you're sort of
you're blaming the umpire here. You
know, it's the the ABS, you know, who
gives you the measure saying, "Oh, well,
it's not our fault. Blame the me." And
there was some changes in the monthly
data set when it went to the what they
would call the full monthly data set.
I'm not sure why that had to be so
different, but it was. And it did show
higher inflation, but the Reserve Bank
saying, "Oh, well, don't blame us. Blame
the ABS or you know, because they've got
a different measuring process." Um but
it does say that nevertheless the data
does suggest that there is more broadly
based pickup in inflation. Uh part of
which may be persistent and will bear
close monitoring. So it's like oh it's
only temporary you know it's about the
measurement right don't worry and then
it says yeah but it might be persistent
and it might bear monitoring like yeah
really is this not a bob each way sort
of thing about uh what the outlook is.
So okay, I guess you know the Reserve
Bank's in a uh a sort of tough position
in a way because its predictions haven't
been uh certainly as um you know as
accurate as perhaps they'd like it to be
in terms of um the inflation rate and uh
you know they're now saying that they
hope to get inflation back within the
target range in 2027. Hello. What's the
what is what year is it now? It's 2025.
That's two years away. So,
>> so what do we all do in 2026? [laughter]
>> Yeah, but what can happen in the next
two years for goodness sake? It's only
nine months since we had Trump start his
uh you know his his tariff um you know
roller coaster ride. Um and that was
supposed to be the end of the world.
Just look back at and you know uh you
know tariff implications that stock
markets crashed when it happened. Of
course nothing's happened. Nothing has
happened you know. So, but we had, you
know, the the knee-jerk clickbait
reaction uh when it was announced. I'm
just saying these things can come along
out of left field, bang, bang, bang, and
then all bets are off. And and of
course, it's difficult for the Reserve
Bank to counter what can be, you know,
unpredictable outcomes from left field
in terms of their outlook. So, you know,
and as I said, they might say, "Oh,
well, by the middle of 2027, we should
be back to normal in terms of say
electricity prices." But what would have
happened perhaps in the in terms of oil
prices just an example and the latest
inflation data and we'll segue this into
the rent report which we're going to see
in just a second uh has shown rents are
rising not just uh my housing market
showing higher rents for units but uh
also the ABS has now had a couple of
months in a row of higher rents coming
through. We'll talk about that shortly.
So um you know a little bit of uh a
mixed message there in the first
statement and then of course put it all
together. The Reserve Bank said there
are uncertainties about the outlook for
the domestic for domestic econom
economic activity and inflation. Okay,
admit it you don't know. And the extent
to which monetary policy remains
restrictive well has it ever been
restrictive? I mean we've had a booming
housing market. We've had you know a
very strong labor market. We've had very
strong retail sales data. Tell me that
high interest rates have been
restrictive. You know, I mean, they're
just looking at the sort of historical
number and saying, well, if they're this
high historically, it means they're
restrict. But it hasn't been
restrictive, Rachel. So, um, you know,
it's kept things ticking over. Uh, and
now they're saying that there's a little
bit of uncertainty about uh whether
monetary policy remains restrictive. Of
course, it's not restrictive. Um but
anyway, at least they're admitting that
okay, it might not be restrictive
anymore. The recent data suggests that
the risk to inflation may be tilted to
the upside. So now they're saying, well,
the risks are now for higher inflation.
All right, but it will take a little
longer to assess the persistence of
inflationary pressures. Well, how long's
a little longer? So to me, this is like
really what are you saying here? You
know, is it black? Is it white? Is it
whatever? Left, is it right? I'm just
not sure here. Uh and let's face it,
neither are they. But look, as I said, I
think that the outcome for that,
notwithstanding anything that might come
from left field, you know, uh is that um
things will be on hold for a while. And
look, at the end of the day, you know,
hindsight's, you know, 2020, of course,
but um I think that we've had maybe one,
maybe even two interest rate cuts that
really don't reflect the data that we've
had and the outlook that the Reserve
Bank was telling us a few months ago.
So, let's enjoy that. We've certainly
had very strong uh prices growth. People
always embrace lower interest rates,
more money in your pocket with a lower
mortgage rate and higher prices for your
house, which helps your wealth effect.
So, uh, tick all those boxes and just
say, "Okay, well, it's good that we've
got a couple brought forward maybe, um,
and, uh, we'll take that and we'll take
the money and run, if you understand
what I mean, Rachel." So, there's our
chart. Uh, interest rates down and down
and down in the cycle until we got to
the COVID emergency measures where
official interest rates were just above
zero. Um and then of course the Reserve
Bank increased interest rates because
inflation went through the roof because
of those uh because of the stimulus
packages that were introduced to offset
the problems with COVID and lockdown. Uh
and then beginning last February, we got
an interest rate cut because Reserve
Bank had said that we were they were
happy with what was happening with
inflation. Yes. Um pregnant pause. And
uh then we had another another cut in
May and followed up in August. So, uh,
and now I think we're in for a period of
flat interest rates, um, notwithstanding
anything that can happen. And I think
even as inflation rises, uh, in the
shorter term, which is likely given
what's going to happen to electricity
prices post subsidy, uh, I don't think
that's any value in speculating about
higher interest rates, uh, as many will
because it's obviously a a pretty uh, a
pretty solid attention seeker going
forward. So that's the uh that's our
story Rachel on um on the latest uh
decision from the Reserve Bank and we
won't have another one till February.
>> Yeah. Well, we expected that they would
hold. So that's it's still rates at 3.6
for the fourth month straight. So no no
no surprises as you said but it's a it's
a very tough conversation this or this
whole topic is is tough because as you
said statement hints at temporary
inflation factors and uncertainty around
the CPI data and there's some weird
things being said there. Um but what
should buyers and sellers actually take
from this and and what what should we be
looking at in 2026 because we we can't
just keep throwing the subsidies at it.
No, no, that's right. And because the
problem is then that means look, it
means okay, that's great in the shorter
term, but two factors happen. Firstly,
um the subsidies got to come off unless
we're just permanently using taxpayers
monies to pay electricity bills, right?
Okay. I'm not sure that's sustainable uh
economically. Um, and the other thing is
that even if we did that and continue to
subsidize electricity, we're still not
seeing the real benefits from the switch
from renewables from uh the carbon
economy to renewables. So, we're still
going to see prices rise irrespective of
the subsidy and we can't just keep
increasing the subsidy or perhaps we'll
go broke because we won't have enough
money to cover that because everybody's
using electricity and it's not just
households, it's also obviously
businesses such as coffee shops, you
know, that are doing that. So um uh but
I think the outlook for your answer your
question is actually reasonably positive
because um you know we I think we'll see
flat interest rates for a while now. As
I said that takes a bit of volatility
out of the market. Um we've had massive
rises in house prices this year or
certainly very strong in house prices
this year in most capital cities and
unit prices. Um depending where they
were on their sort of individual cycles.
um that'll taper off because you know
you you just can't keep pumping up uh
home prices going to the bank and asking
for another 100 grand or 200 grand if
you don't have a lower interest rate or
a higher income. So that virtually
starts to um starts to steady house
price growth which will still be
positive because we've got you know
other policies coming through such as um
you know the government's uh you know
number of uh packages for first home
buyers and lowincome buyers you know so
um uh so that'll mean you know sort of
more demand anyway but the nature of
being able to push prices up higher uh
is constrained by you know the bank's
strict lending policies. which is a
really good thing. So what I'm saying is
that's good for certainty because it's
not going to create the volatility in
our markets and we'll get some
certainty. But of course what will
happen is if we do start to see a
peaking of the price cycle which is just
normal as we move past the volatility of
either lower rates or higher uh incomes.
You'll get the scary campaigns about oh
see house prices are falling. No,
they're just not rising as fast as they
were when you had three interest rate
cuts in six months. But that's another
story and it'll be picked up by the
media. So, you just got to hold your
nerve in a sense and realize that um
it's been a big gain in most capital
city housing markets uh over 2025
uh which will consolidate in 2026. So,
we'll see what happens.
All right, so let's move on. We've had
done lots of talking about interest
rates uh and quickly go through the
latest home rent data. Uh and this is
the my housing market report for
November. home rents, units, and houses.
We saw across the board increases in
unit rents, Rachel. Uh houses, however,
steady over November, and we sort of saw
a little bit of easing in uh vacancy
rates, a little bit higher for both
houses and units, but still very low.
So, it was just a bit of a a sort of a
marginal adjustment from what was a
steep fall in October due to a rush in
demand. Uh let's look at the numbers
now. City the most expensive as usual
for house rents at $800 uh per week for
asking rents and Hobart the most
affordable at $589
per week. Um over the year still some
very solid results there with the
exception of Melbourne where uh house
rents have fallen by 3.3%
uh which is a little counterintuitive
because their vacancy rate is still
quite low at 1 4%. Uh but over the month
most of the capital city markets were
either flat or u up just marginally with
the exception of Darwin. Volatile Darwin
down by 3.6% and Hobart down 1.3%. But
vacancy rates Rachel for houses are
still very low. Uh most well below um 2%
which is sort of the balance mark for
vacancy rates between higher and lower
rents. Um and a number there below 1%.
So this is still reflecting a shortage
of stock uh listed stock for house uh
for house uh rentals and um even though
there's a slight uptick in the monthly
change in vacancy rates they still
remain quite low and I think uh we'll
discuss the units now because that's
quite interesting because we did see a
surge in unit rents over the month quite
we haven't really seen this sort of a
breakout for a while uh and I think this
is maybe the you know units are
typically the more affordable option in
the rental market Um and and I think
that maybe there's a gravitation towards
units now because they're, you know,
more affordable uh as part of that now
new adjustment process um from still
very you know short numbers or low
numbers of properties that are available
for rent. Sydney uh as with houses still
the most expensive capital city for to
rent uh and um uh Darwin the most
affordable there at 463. a stronger
growth as you would expect over the year
for units. Um, uh, top performer there.
Adelaide up 11.1%. But these are good
strong results for unit owners in terms
of rental increases over the year. Just
remember they've put on top of that
which has been a very strong year for
for most capital cities in terms of
capital growth for um, for units. So
your your return and your uh your return
on investment in terms of the growth in
rents and of course your um higher
prices is good news for u for investors
out there. Rachel sort of ticks all the
boxes. vacancy rates a little bit higher
for units as usual than uh uh compared
to houses but vacancy rates
interestingly uh for Melbourne vacant
and and Canberra vacancy rates are over
2% but we did see an increase in
Melbourne rents of point8 of a percent
over the month and up by 5.3% over the
year so Melbourne certainly on the on
the road to recovery not just in terms
of prices but also rents um and uh I
would expect this to continue obviously
we're getting the shutdown period which
is for a couple of months people are
distracted uh there's not as much demand
coming through and we await February
March for the market to pick up again
but certainly we're ending the year in
terms of asking rents in the same vein
as the ABS has been telling us for the
last couple of months because they've
been telling us that rents and that's
total rents not just asking rents but
also rents from existing tenencies uh
have been on the rise now for a couple
of months so um we're sort of
correlating that but We have said said
that consistently with these low vacancy
rates for both houses and units, you can
expect to see um uh higher rents
eventually and now that's uh what's
occurring. If you want to get a copy of
that latest rent report, my housing
market November rent report, there's a
QR code. You can scan that and it'll
give you a PDF copy of the report. Rachel.
Rachel.
>> Yeah. Look, I think we're seeing a lot
of our renters being pushed into units
more out of necessity because of the
smaller price point, but you're looking
at some of that data in some of those
capital cities. The unit um rent price
point is almost as much as the housing.
Are we starting to see a genuine
preference change now?
>> Well, I think that's likely over the
longer term, Rachel, because >> yeah,
>> yeah,
>> that we're seeing a shift towards unit
living. And of course the first argument
in favor of that is affordability
because you know if you buy a unit it's
typically cheaper than a house and if
you rent a unit similarly it's typically
cheaper than renting sorry if you rent a
unit it's typically cheaper than renting
a house and there's also lifestyle
preferences that are happening here as
well um you know closer to the CBD
closer to established infrastructure uh
smaller footprint maybe cheaper
electricity prices uh in terms of um a
unit versus a house uh and That's all
part of the bigger picture. We've seen a
surge in unit development this year,
particularly in Melbourne and Sydney. Uh
they're trying to catch up with their
under supply environment. Um but and
that under supply is also part of the uh
part of the equation because there just
aren't as many properties around. That
gives us those low vacancy rates. Um and
what we're seeing now certainly is
higher rents and it'll be interesting to
And of course we uh now look at the
latest weekly auction results. Um and uh
of course we're got really one real week
left in the auction market, Rachel.
Probably two because one of the trends
we've seen over recent years is u people
are having properties happy to have
their properties in the market just the
week before Christmas. But um certainly
we've seen a uh clear signs that the
market's just starting to ease and we
expect that into December the uh first
full week of December auction activity
uh auction numbers and clearance rates
partic predictably eased because people
are thinking of other things and they've
done their buying and selling. It's been
a big year for buying and selling. In
fact, a record year for the number of
sales. I think my preliminary data is
telling me that we might see a record
spring in terms of the number of
properties actually transacted. So that
shows you how strong the market's been,
Rachel. Um even irrespective of prices
growth. And of course the same old same
old for the next two weeks until we do
get to Christmas. Uh we'll see an easing
in numbers and likely an easing in
clearance rates, but we await to see
that data uh when we bring our final
show next week. So, Sydney, half the
auctions uh over the past week compared
to the previous week. Clearance rate
still pretty good there in favor of
sellers 66.8% and higher than where it
was a year ago. Listing numbers lower.
It's considerably lower than where they
were a year ago in Sydney. Rachel,
Melbourne actually held up was um you
know was the outlier in terms of auction
numbers similar to the week. Big numbers,560
numbers,560
auctions in Melbourne. That's a high
number for December, let me tell you. In
fact, I think that might be a record
number for December auctions uh in
Melbourne. Uh still a reasonable
clearance rate, 66.1%. Of course, these
Sydney, Melbourne down a little bit
compared to the previous week. Still
ahead of where it was a year ago. Um but
listings higher than where it was a year
ago in Melbourne. uh Brisbane, uh
Adelaide and Canra listings all down and
uh clearance rates also a little bit
down but tracking still higher than
where they were a year ago with the uh
except well with the exception of Camber
and Adelaide but it's just clearly what
we see at the end of the year Rachel
easing in auction numbers and a slight
easing in clearance rates and those that
data is not withstanding the cycle and
when we look at the monthly uh clearance
rate data we can see that easing over
spring is what we see um as more
properties come into the market, but
clearance rates still track basically
70% plus in Sydney. Uh and a and a
really strong spring for the Melbourne
market. Uh mostly well really since
those interest rate cuts has been
tracking well above 70% for its best
results in about three years. Um
Brisbane down a little bit as spring as
uh the spring selling season concludes
and we get towards the end of the year.
Um Adelaide also easing as with
Canberra. So uh seasonal effects they're
affecting as uh expected our um uh our
results in the weekly auction market. So
if you want to get hold of those latest
um auction results Rachel, you can get
the uh which is very good for for
insights into general housing market
activity. That's why we bring them to
you every week. Um it's like reading the
tea leaves and it's uh it's always
reliable. So, uh, the weekly capital
city snapshot, uh, released on my
LinkedIn channel, which is doc Andrew
Wilson at LinkedIn every Saturday night
around about 6:00. And the full national
report is released Sundays at around
9:00, which includes the regional
breakdowns for Melbourne and Sydney,
which is good because it gives you
insights if you're in Melbourne and
Sydney as to how your local region is
performing in the auction markets. And
again, a very good insight generally
into how the the market in those regions
is performing. Um, and uh, if you did
miss the latest full national report,
there it is there. Get a QR code copy a
QR code copy of that and we'll give you
a PD PDF uh, file for the latest
national report. As usual, we'll quickly
finish off with the greatest giveaway in
housing. Rachel, the My Housing Market
Infinity uh, suburb app, which gives you
the latest asking prices and rents on
every suburb in Australia that has data.
Wow. Click the hot link there or get a
copy of the QR code. Go to the good
folks at Infinity. They'll tell you how
to access that app, which is great if
you want to know what's happening on a
suburb basis. Here's a screenshot of of
the app. We're looking here at prices.
You can also look at rents. You can
filter it for capital city regions or
outside capital city regions. We're
looking at New South Wales, Sydney
region. Uh we've picked Blacktown as a
suburb. You can filter for house, unit,
or townhouse. We're looking here at
houses. And you can also filter for the
number of bedrooms, Rachel. So you can
really drill down um to find out exactly
what's happening in the market at uh at
a granular level. So fourbedroom house
in Blacktown, not just the median asking
price, so telling you what the agents
and vendors are asking for their
properties at the moment, uh but also
the low and the high. So you have the
boundaries between um between the market
there. So you can get a good feeling for
what the market is uh is holding at the
moment and also the number of properties
for sale uh which is 20 there for
Blacktown. Exactly the same thing there
for the rental market. So good news
there um for analytics for either
tenants or landlords or anybody who's
just interested in what's happening in
the rental market. We also have
something for investors on the app which
is the top 10 yields on each of those
regional breakdowns. Here we're looking
at New South Wales um Sydney region
onebedroom [clears throat] units. Uh and
this gives you the um top 10 yield. So
that's return on investment which looks
at gross yields. So it doesn't include
your your um your particular uh expenses
but it's about the aggregated asking
rent currently divided into over a year
divided into the current asking price.
So that gives you your return on
investment uh your gross yield and you
can see there the top 10 uh not only the
yields but also the current vacancy rate
the number of properties for rent and
the um the number of properties for
sale. So it's quite a uh quite a
comprehensive insight into that suburb
based investor market. Uh and those hot
links will give you a map of the suburbs
just in case you don't know where they
are. you'll be able to have a wonderful
little journey through Sydney suburbs or
the other capitals or regional suburbs
to uh to tell you where these uh where
these high yields are exactly. Next
week, November labor market, it will be
our swan song. See you later alligator.
See you later 2025 and we'll be back in
2026 uh for more and and actually we're
going to have a big change in our app
next year Rachel with latest news. So,
look forward to that. Uh that'll go off
the shelf like hotcakes. So, uh, we'll
look at the November labor market.
Important data there in terms of
interest rates. November regional house
prices. I want to get the the regional
house prices in before the end of the
year for those that are outside the
capital cities. Uh, and we'll also look
at October house building costs if we
have time. And finally, the latest
weekly auction results, which will
likely be uh the last week of uh
significant auction activity. So, it's
been another great week, Rachel. Thank
you very much for your insights. Um
there is QR code if you've missed any of
this today. Uh you can uh scan that and
get a PDF copy of our report. So until
next week uh Rachel uh via Condos and um
uh then we'll say our final goodbyes for
2025. But what a year it's been.
Certainly uh it's been a it's been a a
really big year and look forward to next
year because we'll be able to tell
everybody exactly how strong 2025 has
been when we have the end of year
results in terms of house prices. My
voice is just about gone, but I made it.
>> Yeah. Well, doc, you're a man of many
talents. I don't know what you just said
to me before, but I believe it says it
said adios, I guess. Um
>> Oh, via. I think that means go with God.
But uh Spanish for all our Spanish for
all our Spanish speakers out there, [laughter]
[laughter]
I don't know. But uh that's about all my
Spanish anyway. But you got you you got
to keep it light or people say, "Oh my
god, that guy so boring." But um anyway,
it it will be great next week to uh to
do it all again for the last time in
2025. And it's been great having you
there. But we'll talk we'll talk about
that next week, shall we? Not Rachel. Go
out and do some Christmas shopping,
girl. Gee whiz.
>> I'm so behind.
>> Definitely looking forward to that
regional house price data. I know a lot
of our listeners like to get that
because we do focus on
>> the capital cities a lot. So that does
wrap up another week of unpacking the
numbers and the data that shapes the
nation. A big thank you to doc for
guiding us through it and we will be
back next week with more data, more
insights and more direction for buyers
and sellers. Thank you so much for listening.
listening.
>> Thank you Rachel. [music]
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