Episode 305: Rising Property Inventory Watch: Spotting Australian Locations at Risk
Rising property inventory can introduce several risks for property investors. An increase in available properties can lead to market saturation, as supply outpaces demand. This oversaturation can drive down property prices and rental rates, potentially impacting the profitability of real estate investments.
In today's episode, our resident data geek, Kent Lardner discusses a significant trend he has noticed in the Australian property market which is all about the rising number of available properties and what it could mean for investors. While it seems like things are getting back to normal, there's a catch you will probably need to look out for.
Throughout the episode, we dive into the specific areas in Australia where this rising property inventory trend could create problems for investors.
Stay informed about local market conditions so you can navigate the risks and make the right investment decisions, press that play button and let's get started.
Episode Highlights:
00:00 - Introduction
01:25 - Who is Karen Stiles?
02:26 - Building commission changes in NSW and its impact on property owners
08:02 - Complexities, challenges, and risks in strata property insurance
13:21 - Can the strata commissioner contribute to improved strata property management?
14:48 - Specific challenges associated with the changing strata property landscape
19:01 - Solutions or strategies to address the hurdles in getting strata remedial work done
23:45 - What is the current status of "Project Remediate" in New South Wales?
28:09 - Is there a shift from investor-owned to owner-occupied properties?
31:03 - Housing shortages and Airbnb in Sydney
36:01 - Property management regulations in Australia
39:59 - Sustainability and energy issues in Australian apartment buildings
43:07 - Strata living challenges and education
46:01 - What's the most important change you'd like to see in the strata space?
49:05 - Karen Stiles’ property dumbo
About Kent Lardner:
Kent Lardner is an expert data science and business leader with 30+ years of experience at leading companies like JLL, CoreLogic, and General Electric. He has led teams of 5 to 200 people across Australia and China, driven by his passion for high-growth digital businesses. Kent is also the founder of Suburbtrends, a leading property research firm trusted by major names in Australian property and featured in mainstream media.
Connect with Kent Lardner:
Kent Lardner’s LinkedIn: https://au.linkedin.com/in/kentlardner
Kent Lardner’s Website: https://suburbtrends.com/
Resources:
Visit our website https://www.theelephantintheroom.com.au
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