Suburb Trends: 2023's City Performances and State Changes – What’s Next in 2024?

The Elephant In The Room Property Podcast | Inside Australian Real Estate

Looking to understand how the property market performed in 2023 and what to expect for 2024? Our January Suburb Trends report is here to guide you. We've closely analysed each capital city's performance in 2023, so we can provide you with direct and clear insights.

Our resident data geek, Kent Lardner, is back to highlight the major shifts in each state's market. We cover the top three factors that influenced the market last year for a comprehensive overview.

And finally, we tackle an important question: What do last year's trends indicate about investment opportunities in 2024? Join us for valuable insights that will help you prepare for the year ahead. Let’s get into it!

Episode Highlights:

00:00 - Introduction

01:16 - How have Perth's property prices changed despite low listings?

05:22 - How did COVID impact real estate in Australian capitals?

06:40 - Listings decreases for units

07:17 - Areas where listings have increased

09:31 - Listings increase for units

10:52 - Inventory decreases in houses

11:35 - Inventory decreases in units

14:53 - Housing inventory levels in Sydney and Perth

15:57 - How are inventory levels changing in different areas in Australia

23:21 - Rental decreases for houses in Australia

27:03 - Top 10 rental increases for houses and units

33:00 - The biggest topics about property in 2024

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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