🚦🚥 Property Market Update – July 22 🚥 🚦
Welcome to Buyers Market
📉 With continued rising interest rates to curb inflation; the markets are turning negative (as expected) including Adelaide and Perth showing rate of growth declining sharply with Brisbane now turning into negative growth for the first time since Aug2020
📉 We will not be surprised to see all states in negative territory from next month or so at the back of brakes being applied by RBA.
⚠️ So be careful where and what you buy in property; regionals are also showing slowdown
📉 New Listings have also slowed down and has fallen by -21.4% from mid-March peak, keeping overall inventory levels low
📈 Rents are continuing to trend higher in July with vacancy rates around 1% or lower across many parts of Australia
📈 Interest rate rising by 50bps today bringing the cash rate to 1.85% today by RBA
🚥 Yet we are not worried; if you want to learn what to do now in this environment and 3 factors influencing next property boom then book a free consultation
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