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Market Update: July 22

๐Ÿšฆ๐Ÿšฅ Property Market Update - July 22 ๐Ÿšฅ ๐Ÿšฆ

Welcome to Buyers Market

๐Ÿ“‰ 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

๐Ÿ“‰ 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.

โš ๏ธ So be careful where and what you buy in property; regionals are also showing slowdown

๐Ÿ“‰ New Listings have also slowed down and has fallen by -21.4% from mid-March peak, keeping overall inventory levels low

๐Ÿ“ˆ Rents are continuing to trend higher in July with vacancy rates around 1% or lower across many parts of Australia

๐Ÿ“ˆ Interest rate rising by 50bps today bringing the cash rate to 1.85% today by RBA

๐Ÿšฅ 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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