The Evolution of AI capabilities: Using ChatGPT for simple code to complex market analysis

As technology continues to advance, we are seeing more and more ways that it can be used to improve our lives. One of the most exciting developments in this area is the use of AI-powered chatbots, such as ChatGPT.?

ChatGPT is a powerful language model that can understand and respond to a wide range of questions and prompts. I have been using ChatGPT for a variety of tasks, and it has consistently impressed me with its ability to understand and respond to my requests.?

When I first started using ChatGPT, I was only asking basic questions such as "Can you write the code to create a folder in C:/?". But as I have become more familiar with the capabilities of the AI, I have begun to ask more complex and nuanced questions.?

Recently, I have been using ChatGPT to research the Australian Residential Property Market, and the impact of interest rate rises on low/medium income earners in Australia. I provided ChatGPT with data and articles on the topic, and it was able to provide me with a comprehensive technical summary of the current state of the market and the potential impact of interest rate rises.?

One of the most impressive things about ChatGPT is its ability to understand and interpret data. It was able to analyze the information I provided and provide me with a clear and concise summary of the key points, including the impact of rising interest rates on borrowing and the potential opportunities for buyers.?

The summary included an overview of the recent trend of falling property prices, and the potential for further rate hikes by the Reserve Bank of Australia to cause top-to-bottom market falls of 30%. It also highlighted the fact that rising costs of debt and the decrease in buying power for low-medium income earners have been noted as key factors in deterring potential investors.?

Additionally, the AI was able to take into account the impact of the serviceability buffer and stringent serviceability standards, which are making it harder for first-time buyers to afford a mortgage repayment, and also the high cost of living and the decrease in borrowing capacity.?

Another key factor that ChatGPT highlighted was the slump in borrowing to invest in residential property, and the investors waiting on the sidelines until they believe rates have topped or are beginning to fall. The high and rising cost of debt eroding rental yields also was considered as a major deterrent for investors.?

The results of this research can be found here: Navigating the Impact of Interest Rate Rises on the Australian Residential Property Market: Opportunities and Challenges for Buyers.

Overall, I have been extremely impressed with the capabilities of ChatGPT, and the wealth of information it has been able to provide me with. Its ability to understand and interpret data has been invaluable in my research on the Australian Residential Property Market, and I look forward to using it for many more projects in the future.?

Generated by: ChatGPT