Bernard Salt predicts future direction of the property market
As an investor wired into the media you would have no doubt heard of Bernard Salt’s comments around the need for Gen Y-ers to stop eating smashed avocado should they ever want to be able to save for a property.
Although taken out of context, the comments caused a wave of responses both at home and abroad about the affordability of Australian property, how a generation of investors will never crack the market and that a property bubble exists in Australia – and that it’s about to burst.
In this special episode of the Smart Property Investment Show, we hear first-hand from Bernard Salt from The Demographics Group on the realities of investing in Australian property, where you should be channelling your dollars, whether there is a bubble (and if it's going to burst) and how our markets will develop in the future.
Bernard also shares his insights on the red flags all investors should be aware of when investing in property as well as the key economic and social change data you should be using to help establish trends and determine whether to invest in a suburb or area.
According to Bernard, job growth, wage growth and infrastructure growth are the essential factors to consider when looking at a new property. Accessibility, as well as transformation to make the way of life “easier”, are also significant factors to consider.
Tune in to get the inside scoop on:
- Bernard’s tips on what’s hot and what’s not
- How immigration has impacted the Australian property market and why it will continue to do so
- His views on the markets subsiding, plummeting and going sideways
- How we can create pathways for that next generation to get access to that property market
- How different markets will look in hishe next few years
- Why the strategy of buying within ten kilometres of the CBD is successful
- How jobs increasing in areas outside the CBD will impact the central point of Sydney
All this and a whole lot more on this issue of the Smart Property Investment Show.
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If you have any questions about what you heard today, any topics of interest you have in mind, or if you’d like to lend your voice to the show, email [email protected] for more insights!
Suburbs mentioned in this episode:
Wyalong
Campbelltown
Sydney
Melbourne
Brisbane
Bondi
Chatswood
Parramatta
Blacktown
Badger Creek
Ryde
Epping
Penrith
Liverpool
Homebush
Westmead
Woolloomooloo
Paddington
Hornsby
Adelaide
Mount Barker
South Yarra
Richmond
Burnley
Glen Waverly
Lilydale
Bowral
Macedon
Hahndorf
Perth
Mandurah
Busselton
Bunbury
Related articles for reading:
Gold Coast benefits from mining boom
Quality stock hard to find in Melbourne
Sydney property has its 'best years ahead'
6 ways to increase your yield in a tough market