Episode Details

Domain President Jason Pellegrino joins Mark Bouris to unpack where Sydney and Melbourne house prices are heading, why units are set to outperform houses for the first time in five years, and how AI is about to reshape the way Australians buy and sell property.

Jason forecasts mid-to-high single digit price declines in Sydney and Melbourne over the next 12 to 18 months (4 to 8%), with the other capital cities still growing but slowing. He also reveals why Australian property transactions have been in decline for 25 years, and it has almost nothing to do with interest rates.

This is the first Domain forecast to incorporate the recent federal budget changes and the latest RBA cash rate movement, both of which Jason describes as "seismic" for the property market. 

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