How the economy affects the property market
podcast

How the economy affects the property market

Property markets, good or bad, are always driven by economic forces.

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So a healthy economy, I'll use an example at the moment; Melbourne for example, where there's been lots of reporting on closures of vey large manufacturing factories - QANTAS, Holden, et cetera - that's not a good time to be investing in Melbourne. If you fast forward a couple of years down the track when these factories are closed, there's going to be lots of people on the unemployment queue. And unless the local government authorities have some pretty tangible means of finding alternative employment, demand for accommodation in a market like that is going to diminish. It's understanding economic forces, usually things related to employment opportunities. If you've got a location that is, for example the economy is driven largely by tourism and the outlook for tourism is healthy, that is one piece of information to give you confidence about that particular market. And we could say the same about any industry.

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Episode 102: Investor reveals how to find the perfect property manager
Episode 101: From 12 to 100 properties – how this investor will achieve his goals
Episode 100: Property investor talks research, teamwork and balance in his portfolio
Episode 99: Portfolio update: SPI opens its books to reveal all the nitty-gritty details
Episode 98: Buyer's agent forecasts what’s to come for Aussie property market
Episode 97: ‘How we achieved financial security through property’ – the Property Twins reveal all
Episode 96: Tips for tackling pest and building inspections head-on
Episode 95: The top 10 things every investor should check before buying a property
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How the economy affects the property market
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