In this episode of the WA Property Q&A podcast, CoreLogic's executive research director, Tim Lawless joins us in unraveling the recent trends and future predictions of the Western Australian property market. He shared his expert analysis on

·     His perspective on the current 20% growth rate in Perth's housing values,

·     the potential for future growth,

·     investment lending trends

·     the impact of various factors such as the economy, employment rates, migration, and the role of investors.

·     the effect of COVID-19 on the market.

Tim also shared his observations about the factors influencing market dynamics, such as the impact of the mining sector, affordability comparisons with Eastern states, job growth, and migration patterns.

They discuss the affordability gap between Perth and Sydney, the anticipated effects of the WA state budget on economic diversification, and the ongoing challenges in the construction sector. Lawless also addresses the impact of net overseas migration on rental demand and the potential implications of iron ore prices and mortgage arrears on the property market and predictions on interest rates. The conversation encapsulates a broad overview of the dynamics influencing the WA property market, offering listeners valuable insights into its complexities and future prospects.

Chapters:

00:00 Introduction to WA Property Q&A Podcast

00:47 Special guest Tim Lawless: Insights into WA's property market

02:09 Predicting the WA property market - growth and trends

03:16 Comparing past and present: The mining boom vs. now

05:28 The role of supply and demand in property prices

06:25 Addressing the challenges of construction and housing supply

07:25 Economic factors influencing the WA Property market

11:27 Migration's impact on housing and the economy

15:18 Navigating mortgage and lending in a changing market

18:00 Investor activity and its influence on the market

26:29 Closing thoughts and wrap-up

Links and Resources:

Rezzi Website: https://rezzi.com.au/

CoreLogic Website: https://www.corelogic.com.au/

Subscribe on these channels:

Apple Podcast - https://podcasts.apple.com/us/podcast/the-wa-property-q-a/id1698464149

Spotify - https://open.spotify.com/show/31Nnigbr2rHmUffkEUxRWY

Podchaser: https://www.podchaser.com/podcasts/the-wa-property-qa-5401298