5 Trends To Watch Out For [ THIS SPRING ]

1 Oct

Firstly if your team made it to the top step this Grand Final Season, well done, and congratulations.

So as we STEP right into daylight savings and with the longer and warmer days, we truly RING in SPRING.. What are the '5 Housing Trends To Watch Out For This Spring.?'

TREND 1: More Properties this Spring: Sales volumes have been rebounding and remain strong. This Spring, there's already been a sharp increase in supply levels, especially in Melbourne & Sydney. With almost a +20% increase in the No. of properties for sale, compared to the same time last year.
TREND 2: Interest rates AT or NEAR peak. with inflation rising again slightly in the past 30 days days from 4.9% in July to 5.2% in August, it is likely we will still see one more rate rise on the cards before Xmas to keep things in check.
TREND 3: More favourable conditions for buyers, TRUE or NOT. With property prices expected to fall this year, the experts and know-it-alls seemingly got it wrong, again. Low supply levels have seen prices correct this year, however only by a fraction of what was predicted. However, a SURGE in the volume of homes available could rebalance this further for buyers.
TREND 4: Housing affordability to worsen. There are still many honeymoon interest rate holders below 2% that are rolling off these fixed rates onto the new variable rates between 6-7% in the coming 3-6 months. Set to further worsen housing affordability.
TREND 5: Will rents continue to climb..? Although they increased substantially in the past year, the rate of increase is starting to slow, as many would-be renter's confidence starts to grow and they begin re-entering the property ownership market.

To catch the FULL ARTICLE by Cameron Kusher (Director of Economic Research @ PropTrack), CLICK HERE or HIT the IMAGE below:

From myself and the team, we look forward to 'Helping You Find Home.'