Firstly, the cyclical fluctuations in the Australian property market are a long-standing phenomenon. Each cycle includes periods of price increases, stability, and declines, followed by another upturn. In the past, these cycles were generally believed to last 7 to 10 years, but in recent years, with rapid changes in the economy, society, and technology, the length of this cycle may have changed. According to some experts, since 1980, the overall Australian property market has peaked approximately every four years, possibly due to a combination of economic factors and supply-demand dynamics.

Internet

Secondly, changes in information dissemination have also affected the property market. With the prevalence of the internet and social media, people can access property information more quickly and comprehensively. What used to be weekly or monthly property reports have transformed into round-the-clock, real-time news updates and property price index updates. This enables market participants to be more informed about market changes in a timely manner, make corresponding decisions, and accelerates the market's response speed.

Furthermore, adjustments in government policies and economic trends are also significant factors influencing the property market. In early 2023, the Reserve Bank of Australia implemented continuous interest rate hikes, initially aimed at controlling inflation and stabilizing economic growth. However, the revival of the property market may have been partly affected by these policy adjustments, as rate hikes could lead to an increase in mortgage rates, thereby affecting the purchasing power and confidence of homebuyers. However, in reality, the revival of the property market may be influenced by other factors such as increased investor demand and accelerated population growth.

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Accurately predicting the future trends of the property market is challenging because it is influenced by numerous factors. Despite the current signs of market activity, it is still necessary to closely monitor changes in various economic indicators, policy adjustments, and international situations. At the same time, investors also need to carefully assess their risk tolerance and long-term investment goals to make rational investment decisions.