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In investing, what is comfortable is rarely profitable
Last week Domenic caught up with Peter Esho on Dom’s TikTok live Q&A segment, and they discussed a range of topics, including the outlook for Australian real estate prices for 2023.
It was a short and sharp discussion, one where they spoke about the replacement cost of real estate becoming an important floor for any short-term price movements.
“Everything is becoming more expensive, including building materials, so the value of our homes and apartments will have some natural protection.” Said, Peter.
We’re already starting to hear from our industry contacts across the country that perhaps investors are stepping back into the market, despite the rate rises, providing a cushion to the natural pullback.
“If you’re expecting to get a bargain, you might be disappointed because the economy is still extremely strong with unemployment at levels which a decade ago would have been unimaginable.” Added Peter.
Watch the video above to catch up with the full conversation.
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Domenic is one of Australia's best known property investment experts and host of the Wealthi podcast followed by thousands of viewers. Connect with Dom on LinkedIn.
Peter Esho Wealthi Co-Founder, a Forbes featured business leader, contributor to Money Magazine and regular guest on business TV channels including ABC News, BBC, Bloomberg and CNBC. Connect with Peter on LinkedIn.