Perth Property Insider Ep. 54 – Perth Property Market Update – Xmas Wrap & 2022 Outlook With Tim Lawless – Part 2

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We’re back for the second part of our two-part series covering our Perth Property Market Update and it’s going to be very interesting indeed!

Still with Tim Lawless from CoreLogic, he is one of Australia’s most popular property market analysts and commentators, Tim’s expertise is frequently sought by government bodies and regulators, as well as national and international corporate entities across the property, banking and financial sectors.

In this episode, we talk about banks’ predictions for 2021 and how they have panned out throughout the year. We also look at what they are expecting for 2022 going into 2023. 

Then, we go deeper into the rental market side and its influence on the sale market and finally Tim’s thoughts on what investors should be mindful of. 

We cut through the media headlines and hype to deliver valuable insights in this second part so let’s go inside!

Highlights:

  1. Introduction [0:00]
  2. Banks’ predictions for 2021: Reconciling the differences [1:22]
  3. Bank forecasts for 2022 and 2023 [3:05]
  4. Tim’s advice for those who want to figure out where the markets are going [4:47]
  5. On APRA’s changes in their lending criteria [6:03]
  6. Median house price in some areas of Australia [7:41]
  7. Explaining how Perth has gone from the most expensive capital city to the most affordable [8:47]
  8. Perth rental market in 2021: Performance and status [10:34]
    • Rents across Perth [12:05]
    • Perth yields in comparison with the other states [14:22]
  9. The impact of tenants building new homes to move into [15:21]
  10. Perth growth rates in comparison with other capitals [17:15]
  11. Moving into 2022: Tim’s advice on what investors should be mindful of [18:56]

About Our Guest:

Tim Lawless is the founder and Research Director of CoreLogic’s Asia–Pacific research division (formerly RP Data). In this capacity, he manages a team of specialists across Australia and New Zealand, bringing more than 15 years’ experience across property markets to the role.

Recognised as a leading authority on residential property, Tim regularly provides expert commentary on real estate market conditions, demographic trends and economic factors.

Tim enjoys sharing his knowledge with diverse audiences: from first-time home buyers right up to the Reserve Bank of Australia. He regularly appears on national television news and lifestyle programs including Channel 7’s Sunrise, and he’s often quoted in the country’s top business publications such as the Australian Financial Review, the Sydney Morning Herald and The Australian.

As one of Australia’s most popular property market analysts and commentators, Tim’s expertise is frequently sought by government bodies and regulators, as well as national and international corporate entities across the property, banking and financial sectors.

Tim holds a Bachelor of Business from the Queensland University of Technology, specialising in information management.

Thank you for tuning in! If you liked this episode, please don’t forget to subscribe, tune in, and share this podcast.

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