WATCH: What to expect for regional property markets during winter
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00:00Autumn has been a big season for the Australian property market. We've had two rate cuts this year
00:05so far. There's been a federal election and some surprising turns for the regional property sector.
00:10But here's what you can expect for winter going into spring. First, there is still a lot of uptick
00:16in regional markets across the country, and that is ahead of what's happening in most cities.
00:21But the reasons for that uptick are quite surprising. During the pandemic, it's well
00:26documented. It was very much a lifestyle trend and the market's peripheral to the capital cities,
00:31whereas now the strongest regional trends are well beyond those commutable markets and wouldn't
00:37necessarily have a lifestyle element to them, although some do. More about regional economies
00:42that are strong and offering up very affordable housing opportunities. That's right. More and more
00:48Australians are moving to regional economic centres and are staying there and really building a life
00:52there. That's a trend that is expected to continue, and so you can probably expect to see
00:57strong cycles in regional markets through winter. We also know that the rate cut, the second one of
01:02the year, is likely to filter through in the months of June, July and August to the property sector.
01:07Now, a lot of regional markets and particularly Canberra are slower to move than other capital cities,
01:13and so that's something that we could continue to see play out through the rest of the year
01:16as people have a bit more borrowing power up their sleeve.