Episode 103: Next Property Boom Will End Rental Crisis With Simon Pressley

Today we've got Simon Pressley from Propertyology on the show to give us some of his national perspective on what he sees as an inevitable property boom ahead, that will end up solving the current rental crisis.

Simon is a property market analyst and award-winning buyer's agent based out of Brisbane so I wanted to get him on so he can take us through what he's seeing from first hand experience with his clients and from all of his research why he believes this to be the case. 

Unfortunately there looks to be a lot more pain for tenants until we get to the tipping point where governments will start seeing property investors as the solution to providing more rental accommodation. 

It will be an interesting episode, so let's go inside.

Resource Links:

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Episode Highlights:

Intro [00:00]
Simon's Accurate Prediction About the Property Boom That Ends the Rental Crisis [01:33]
High Housing Demand Contributes Rental Crisis in Australia [02:42]
Why Are There Only a Few Vacant Properties? [03:44]
Shortage of Rental Accommodation Before Covid-19 [04:16]
Population Growth Does Not Cause a Rental Crisis [06:14]
The Dark Secret of Government-owned Rental Properties in Australia [07:48]
Why Do Many Investors Are Looking to Sell Out [09:46]
Government Has a Big Part in Rental Crisis Solution [12:05]
Higher Volume of Property Buyers Impacts Price Growth [12:35]
Does Government Incentives Help Lessen the Rental Crisis? [17:43]
Outro [21:15]

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About the guest:

Simon Pressley is the founder and managing director of Propertyology and a Hall of Fame Inductee of the Real Estate Institute of Australia.

Having studied Australian real estate history to the nth degree, Simon has an intimate understanding of the complexities of property markets, the machinations of the numerous inputs, and the knock-on effect human actions have on property markets. There is no university degree or training course which teaches these things.

During the onset of COVID-19, every single bank and a big bunch of economists were predicting the biggest downturn in Australian real estate history. Simon was the only person in Australia to correctly predict that property markets would boom and that it would only take a few months for that to occur. 

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