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Real estate resilience has kept on keeping on despite the ravages of COVID but can't last indefinitely, according to a leading property data specialist.
PRICES
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After a year of double digit price growth, many regional residents are wondering whether property price growth will continue.
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Record low interest rates have driven Australian housing prices up 22 per cent last year — its sharpest rise in three decades.
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Prices are expected to rise again in 2022 before falling in 2023 (although not enough to wipe out the gains of the current boom).
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The relentless rise in house prices will ease, but not stop, in most major property markets next year, aggravating affordability as interest rates move higher.
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The latest Australian housing price statistics have revealed a staggering 23.4 per cent surge over the past 12 months.
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The auction market is cooling, but potential homebuyers hoping for bargains may be disappointed to find there’s still ample competition.
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Australia's property market has surged through a record-breaking 12 months as prices rose at the fastest year-on-year rate in history.
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The value of Australia’s housing market surpassed $9 trillion for the first time after rising by five per cent in the September quarter.
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Why did house prices soar while the economy was weak amid multiple lockdowns and a pandemic-induced recession?
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There are several headwinds that are building that will slow property prices in 2022.
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Australia should not have the world’s most expensive housing, says the chair of the Standing Committee on Economics Jason Falinski.
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