RAY WHITE NOW THIS MONTH
The pandemic rolls on , as does house price growth . While there ’ s been a lot of talk of a slowdown , there ’ s still very little evidence that it ’ s actually happening . In every capital city we saw better price growth conditions in the final quarter of 2021 than we did in the previous quarter . Nevertheless , this year ’ s different . Finance restrictions are now in place , there ’ s an affordability inquiry currently being undertaken by the Federal Government and a growing realisation that at some point , the days of very cheap finance are limited . We also have an election where housing may be a contentious issue . What seems to be the case is that price growth will continue , albeit at a slower rate than last year .
While price growth is slowing , rental growth will accelerate in many places in 2022 . International borders reopening means that migration will start up again . People moving to a new city or region generally rent before they buy . For some places where rents have fallen considerably , such as high unit development areas , this will be good news . Less so for many regional areas where affordability is becoming problematic .
In this month ’ s Ray White Now we provide an outlook for 2022 for each of our capital cities and investigate whether now is a good time to sell . With rural property prices now at record levels , we also look at the state of the agricultural sector - whether you are looking for a sheep farm , cattle station or just a rural weekender , we outline the drivers of current market conditions . Finally , we take a look at many of the myths associated with commercial property , including a look at whether the demise of both office and retail tenant demand are overstated
We hope you enjoy this month ’ s Ray White Now and we ’ re proud to be providing you with relevant , timely and interesting content and data in 2022 .
Nerida Conisbee Chief Economist Ray White
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