Year in Review: The 2023 Real Estate Market
Phil Tarrant (MD of Real Estate Business) and I discuss navigating the complexities of Real Estate: Markets, Affordability, and the Future.
- The Perth market has experienced a resurgence after 15 years of no growth, with buyers from other parts of Australia taking advantage of the affordability.
- Interest rate rises are causing confusion in the market, with some areas experiencing a buyer's market while others remain competitive.
- AI is playing a role in lead prioritization and streamlining administrative tasks for real estate agents.
- TikTok has become a platform for real estate agents to connect with the market and provide behind-the-scenes insights.
- The future of the real estate market will be influenced by government regulation, access to money, and the supply of housing.