RAY WHITE NOW THIS MONTH
This time last year , you could ’ ve bought anywhere and be almost guaranteed a capital gain on your property . This year , conditions are far more complicated . in the current market , and we detail who the main winners are from a slowing market . It isn ’ t just first home buyers that like more stable conditions .
In Melbourne and Sydney , prices are stabilising while in other cities , price growth is not quite as strong as it was in the final quarter of 2021 . Interest rate talk continues and although we ’ re yet to see a rate rise , banks are now starting to move on fixed rates in anticipation of rates increasing sooner rather than later . The federal election is imminent and housing affordability is likely to be a key policy battleground .
I also provide details on the markets that I ’ m watching closely , which include some that have been top performers ( and should continue to be ), and some that haven ’ t benefited at all from the boom time conditions we ’ ve seen over the past two years . Finally , for those of you interested in commercial property , we take a look at properties that can be purchased for the same price as a residential investment .
Finally , with lockdowns no longer on the horizon and international borders reopen , we ’ re no longer saving as much as we did over the past two years . It also means Australian population growth will pick up again . All of these change the outlook for property .
This month in Ray White Now , we explore some of the reasons why so many of our customers are selling
We hope you enjoy our latest Ray White Now and we look forward to your feedback on the topics that interest you .
Nerida Conisbee Chief Economist Ray White Group
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