Episode #66 Economic and Property Market Outlook 2024 With Paul Bloxham – HSBC Chief Economist.

In Episode #66, we dive deep into the Economic and Property Market Outlook for 2024 with none other than Paul Bloxham, the Chief Economist at HSBC. With 2023 posing significant challenges for mortgage holders due to rapid interest rate hikes and the cash rate settling at 4.35%, the uncertainties ahead have left experts and economists with divergent opinions on what lies in store for 2024.

As consumers grapple with the impact of rising costs and conflicting predictions of a potential recession, we turn to Paul Bloxham to provide clarity and insights. Paul brings a wealth of expertise to the table, offering a unique perspective on the Australian economy and its resilience amidst global economic shifts.

But before we delve into the economic intricacies, we kick off with our Thought of the Week: "The best time to plant a tree was 20 years ago. The second best time is now." – a Chinese Proverb. What lessons can we draw from this timeless wisdom, and how does it apply to our economic and property decisions today?

Our podcast covers a wide array of pressing questions, including Paul's role at HSBC, the current state of the Australian economy, the impact of immigration on property markets, the aftermath of 13 interest rate rises, and the forecast for major capital city property markets in the next 12 to 24 months.

We explore topics ranging from the structural property supply issue in Australia, the potential rise in forced sellers, to the resilience of the economy against external shocks. Additionally, we scrutinise the government's role during the Covid period and identify sectors vulnerable in the upcoming months.

To gain valuable insights into navigating an extended period of higher interest rates, we conclude with practical advice for average consumers and home buyers.

Join us as we unpack the Economic and Property Market Outlook for 2024 with Paul Bloxham – HSBC Chief Economist. Welcome to an episode filled with knowledge, analysis, and invaluable perspectives that will empower you in the ever-evolving world of real estate and economics.

Enhance your podcast experience by actively engaging with our content! Click the Speak Pipe link on the Propertybuyer website below to join in. Share your burning questions with our experts, and in the next edition, we'll provide answers that matter to you. Don't miss out on this unique opportunity to be part of the conversation and shape the direction of our future episodes. Your voice matters, and we're here to address the topics that resonate with our audience. Join us through the Speak Pipe link, and let's make this podcast journey even more interactive and engaging together!

https://www.propertybuyer.com.au/podcasts