Welcomehome.Welcomehome.

As the RBA continues to raise interest rates, the most asked question we are getting right now is “what is happening in the market, and when will the rate increases stop?”.

LJ Hooker Group Head of Research Mathew Tiller says the RBA’s current cycle of cash rate increases may finish during the first quarter of 2023.

This will see buyers who have been sitting on the sidelines jump into the market before any upswing in property prices, and those considering selling should start preparing their homes over the summer break and importantly have their home appraised.

“It is not one homogeneous market in Australia, there are a lot of individual markets and every suburb performs differently – vendors need an understanding of what is happening in their particular area,” Mr Tiller said.

“The best results are being achieved for homes in a good location, priced well and well-marketed. Look at what can be done to make your property more appealing to buyers and seek advice from the experts.”

RoelienPowell 0420664690 roelien@ljhgc.com.au

IanPowell 0426422300 ian@ljhgc.com.au

The rental market is still a hot topic with rental affordability making headlines in the news and on social media. We are starting to see more investors coming into the market which is great news for tenants, who will soon have more properties to choose from. Asking prices have also started to stablise in a lot of markets, which is great news for would-be tenants.

If you have been thinking about investing, we have regular 7 Steps to Wealth seminars which are completely free and will help you navigate the real estate market,. Simply give us a call and we will be able to give you more information.

If you have any questions, we are available any time to talk about the property market, and hep you on your real estate journey.