Year in Review: The 2023 Real Estate Market

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Phil Tarrant (MD of Real Estate Business) and I discuss navigating the complexities of Real Estate: Markets, Affordability, and the Future.

• The Perth market has experienced a resurgence after 15 years of no growth, with buyers from other parts of Australia taking advantage of the affordability.
  
• Interest rate rises are causing confusion in the market, with some areas experiencing a buyer's market while others remain competitive.
  
• AI is playing a role in lead prioritization and streamlining administrative tasks for real estate agents.
  
• TikTok has become a platform for real estate agents to connect with the market and provide behind-the-scenes insights.
  
• The future of the real estate market will be influenced by government regulation, access to money, and the supply of housing.

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1. Real Estate Expos and Misinformation Impact (00:00:00)

2. Real Estate Market and Interest Rates (00:13:19)

3. The Housing Crisis and Government Responsibility (00:28:22)

4. Challenges of Home Ownership in Australia (00:35:51)

5. Realities of Real Estate (00:45:53)

6. AI and Social Platforms in Real Estate (00:52:50)

7. Real Estate Market Analysis and Mortgage (01:04:41)