Crisis or Opportunity? Navigating Australia's Apartment Drought with Richard Temlett
Property Investment & Wealth Creation Australia | The Michael Yardney Podcast · Michael Yardney 894074
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Show Notes
Over the past few years we've witnessed a whirlwind of changes, particularly in the mortgage market.
Mortgage rates have skyrocketed, soaring from 2.9% in April 2022 to a staggering 6.4% today.
And if that wasn't enough, the rental crisis has reached new heights, with vacancy rates plummeting to record lows nationwide, causing rents to skyrocket.
In the face of these mounting pressures, purchasing an apartment has become a viable solution for some.
However, this seemingly attractive option comes with its challenges with a severe shortage of apartments nationwide.
It's a topic at the forefront of discussions among investors, developers, and policymakers alike.
To unpack this further, I'm joined by Richard Temlett, the National Executive Director of Research at property consultants and valuers Charter Keck Cramer.
We'll explore the dynamics of the current apartment market, understand the factors driving the shortage, and dissect the trends in both the build-to-rent and build-to-sell sectors.
Whether you are a property investor, apartment owner, or Real Estate enthusiast, I'm sure you will get some benefit out of our chat today.
Links and Resources:
Richard Temlett - Charter Keck Kramer
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