Unlocking opportunities: The Australian Property market's perfect storm
In this monthly market update our Managing Director, Domenic Nesci, discusses the strongest monthly growth in property prices since 2001 and explores the persistently low housing supply and its impact on the market.
Key points covered in this video:
Property prices: Recent data shows a significant rise in home values, with Sydney leading the recovery, experiencing a 4.8% increase, equivalent to $50,000 in the past three months.
Low housing supply: The market is facing a shortage of available housing stock, with inventory levels 15.3% lower than last year and 24.4% below the five-year average.
Rental market and high demand: The lack of supply has led to increased competition among buyers and renters, and rising rental prices, causing a sense of FOMO (fear of missing out) in the market.
Future prospects: Despite challenges, we will discuss opportunities for home buyers and investors, considering the growth potential in the market and the impact of interest rates and infrastructure investments.
With limited supply, growing demand, and promising growth prospects, now is the time to take action. If you're interested in learning more, book a call with our team today.