It’s certainly been a big week in Australia—with the Labor Party securing another term in government following the federal election, there’s plenty of speculation about what that might mean for our economy, interest rates, and of course, the property markets.
So today, before we dive into the latest data and trends, I unpack what this election result could mean for property investors, homebuyers, and renters across the country, and what the likely implications are for inflation, interest rates, and affordability?
And to help make sense of it all, I’m joined by, Dr. Andrew Wilson Chief Economist at My Housing Market.
We’ll also discuss the latest inflation numbers, which are finally within the RBA’s target range. But will that be enough to prompt a rate cut anytime soon?
As well as what’s happening in the rental markets, which eased slightly in April—but are tipped to tighten again in May.
So if you’re looking for the data behind the headlines—and what it all means for your property decisions, this is going to be a jam-packed episode for you.
Takeaways
· The Labor Party's election win will worsen the housing crisis.
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