In today’s investment webinar, Nucleus Wealth’s Chief Economist Leith Van Onselen, Head of Investments Damien Klassen, and Head of Advice Tim Fuller disucss the quarterly MacroBusiness Australian property report.
As we round out what has been an incomparable financial year in so many ways, our focus today is fixed on Australia’s favourite asset class – property.
All capitals ended the financial year with double-digit price growth except for Melbourne and Perth, and nationally, dwelling prices jumped by 13.5 per cent, the highest annual growth rate in 17 years.
But will the reluctance by both mainstream political parties to let housing behave like a healthy market and fall, resetting the market, exacerbate Australia’s housing affordability problem and allow the gap between the home ownership haves and have-nots to widen?
On the agenda:
- Strongest property price growth since 1989
- Mortgage market booming
- Economy booming
- Lack of supply
- How long can the boom run?
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Tim Fuller is Head of Advice at Nucleus Wealth.