Sydney and Melbourne have finally lost momentum, but the big question is whether this is a short, sharp wobble or the start of a much longer reset. In this week’s Australian Property Podcast, Pete Wargent and Chris Bates break down the pressure points shaping the market right now, from weak auctions and stretched affordability to build-cost blowouts and a rental market that is still running incredibly tight.
They explore why some luxury projects are still selling while broader construction remains sluggish, what another leg higher in costs could mean for developers, and whether supply is really coming fast enough to ease the housing crunch. They also tackle the interest-rate backdrop, the possibility of deeper real price falls in Sydney and Melbourne, and why uncertainty can create very different outcomes for first-home buyers, upgraders and investors.
The episode finishes with two listener questions that hit the heart of today’s market: whether to hold or sell a struggling outer-fringe Melbourne investment, and why Melbourne CBD apartments still trade so cheaply versus Sydney. If you want a grounded read on where the property cycle stands, and what practical moves make sense from here, this is the episode to queue next.
