Episode Details

If you listen to the media, you'd think property prices are driven by interest rates, immigration numbers, and whatever the RBA does next month.

But when you strip away the noise and look at what actually moves prices over the medium term, there's one factor that quietly dominates everything else.

And it's - jobs.

And not just how many jobs, but what type of jobs, where they are located, and who they attract.

In this episode of Demographics Decoded, Simon Kuestenmacher and I discuss the critical role of jobs in driving property markets.

We explore the nuances of local economies, the impact of demographic shifts, and the future of employment in the context of AI and automation.

We also analyse Melbourne's unique property market dynamics as well as the importance of understanding the quality of jobs in relation to property investment decisions.

Takeaways

· Jobs are the primary driver of property markets.

· Population growth does not always lead to capital growth.

· The type of jobs available impacts housing demand significantly.

· Local economies are crucial for property value growth.

· Melbourne's property market is affected by the type of housing being built.

· Sentiment in property markets often lags behind fundamentals.

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