The Elephant in the Room
The property podcast for the thinking person.

Episodes

Episode 323: The Data Conundrum: Brisbane’s Boom, Hobart’s Decline, and Perth’s Renaissance Revealed

The real estate landscape is constantly evolving, and recent data has unveiled surprising trends in Australian cities' property markets.

Brisbane's boom, Hobart's unexpected decline, and Perth's resurgence raise intriguing questions and we're unsure if the numbers we're seeing are telling us the whole truth. Are these trends indicative of long-term changes, or are there underlying factors that could challenge our understanding of the data?

In this episode, we are once again joined by Eliza Owen, the Head of Research at CoreLogic Australia whose vast experience in housing market research makes her an authority on key issues such as housing affordability, credit conditions, and the impact of external factors like the COVID-19 pandemic on the housing market.

If you're thinking about buying or selling a house, this episode could help you make better decisions. So join us and gain a better understanding of the data conundrum shaping Australia’s property market landscape. Let’s get started.

Episode Highlights:

00:00 - Introduction

01:14 - Who is Eliza Owen?

02:22 - Are experts predicting positive trends for the housing market in 2024?

05:17 - How can Brisbane's dwelling values be higher than Melbourne's despite lower prices?

12:01 - What factors are driving the shift in migration patterns away from Sydney?

14:11 - Differences between Brisbane, Hobart, and Perth's property markets

17:48 - Understanding the factors influencing property prices beyond internal migration

19:19 - What factors influence borrowing capacity for property purchases?

21:36 - How is investor behaviour impacting the stability of the housing markets?

25:38 = Criteria used to identify rentvestors and owner-occupiers in the housing market

28:03 - Understanding Eliza’s women and property report

40:29 - How research methods account for women who co-own properties with male partners

50:44 - How financial literacy influences consumer response to reduction in interest rates

53:52 - What changes have occurred in property market drivers since Eliza started?

About Our Guest:

Eliza Owen is an experienced property data analyst with a background in economics. She has worked for Residex, Domain Group, and CoreLogic, specialising in descriptive and inferential data analysis, data visualisation, and framing data trends with broader economic concepts. Eliza is also a passionate communicator who explains economic concepts to diverse audiences. She has presented on the TEDX stage, written for prominent publications, and been a regular commentator on commercial radio and television. Eliza is a popular keynote speaker, having presented to audiences in real estate, construction, banking and finance, property development, and consumer markets

Connect with Eliza Owen:

Resources mentioned in this episode:

Resources:

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Chris Bates