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Has Australian property bottomed? Rates on hold & the big impact of WFH & artificial intelligence | 2 Sense Property

Have Australian property prices bottomed? Pete Wargent and Chris Bates jump into the top 3 news stories for property investors on The Australian Property Podcast.

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Every Sunday morning, leading Australian property economist and buying expert Pete Wargent and NSW’s #1 mortgage broker Chris Bates jump into the top 3 news stories for property investors in our super-popular segment called “2 Sense Property” on The Australian Property Podcast.

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In this episode of The Australian Property Podcast:

  • The Reserve Bank of Australia – ON HOLD!
  • Early indications from spending trackers (like ANZ data) is that spending slowed in March
  • A retail recession?
  • Has the housing market already ‘bottomed’?
  • SQM Research now forecasts gains in 2023, especially in Sydney where rents are rocketing, and also in Perth!
  • What’s the impact of WFH and AI on knowledge workers?
  • Could lead to some amazing productivity gains for some people
  • On the other hand, could replace many jobs and leave lower-skilled workers with nothing to do. Then what? UBI?
  • Like with the internet, social media, and iPhone, it will be up to you to position yourself to benefit, rather than lose out

The “bottom of the market is a process, rather than an event” Pete Wargent

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