The likely advent of a new class of ‘simple’ advice providers will reshape the industry ecosystem. According to FAAA members, there are four key issues that need addressing before this key reform is implemented.
Fixed income has evolved tremendously over the decades, but one maxim Roy Keenan has stuck with has lost none of its utility; stick with a process that’s tried and tested, and you’ll keep things from falling apart.
Why H1 2024 may be a residential property buying window (for some)
Zoom out far enough on Sydney property prices over the last century or so, and the trend is clear; prices accelerate rapidly, then flatten or decline for a short period before ramping up again.
In Sydney and Melbourne, the acceleration has been sustained over the last decade or so, but we may be long awaited blip according to recent data from SQM Research, which predicts that one of those periods may be just around the corner.
Property prices in Sydney and Melbourne are set to experience “moderate” housing price falls of somewhere between 1 per cent and 5 per cent in 2024 as the lag effect of sustained high interest rates bite into affordability and the property market softens, according to SQM Research’s Housing Boom and Bust Report 2025.
“2024 has recorded an increasingly softer housing market for Sydney and as the spring selling season
draws to an end, there has been evidence of further weakening to the point where Sydney housing
prices are now falling as recorded by SQM Research and other property data providers,” the report states. “There are no leading indicators at this point in time to suggest this current downward trend will reverse.
“Melbourne is also predicted to continue on with its current correction with prices tipped to fall by a
further 1 per cent to 5 per cent over 2025,” it continues. “The bulk of the weakness over 2025 is likely to occur in the inner-city ring where SQM has been recording surges in distressed listings.”
The expected pullback is not guaranteed, as one of the contingent factors is that the Reserve Bank holds off on cutting interest rates until near-mid year. SQM forecasts an interest cute between 0.25 per cent and 0.5 per cent around then based on the view that inflation will continue to soften and growth in the economy will stay below trend.
The predicted fall will also be contained in the two major cities, SQM says. Perth is expected to experience the largest dwelling price rise in 2024, at somewhere between 14 per cent and 19 per cent. “While this will be a very fast rate of growth, it will nevertheless represent a slight slowdown from the 25 per cent+ price rises that have been occurring over 2024,” the report states.
Brisbane, too, will continue its property boom. Despite supply issues, the Queensland capital is set to benefit from 2032 Olympic games hosting duties.
“Brisbane is forecasted to record strong dwelling price rises of between 9 per cent to 14 per cent in what will be its 12th straight year of dwelling price increases,” the report continues. “SQM has a longer-term view that the Brisbane housing market is likely to outperform the national housing market through to the 2032 Olympic Games.”
