In the face of so much property negativity, hope still abounds
With so many forces at play to stifle the property market it's easy to assume it's all bad news (or good news for those wanting prices to fall), but there are some telling signs that the real estate market woes will be relatively short-lived.
(Image source: Shutterstock.com)
As a property owner or investor, you could be forgiven for thinking the sky is about to fall in.
There’s near-certainty of numerous rate hikes this year, the rate of profit-making real estate resales has plateaued and property prices continue to tumble
.As they would say in the popular kids’ show Horrible Histories, “but wait, there’s more”.
Household wealth fell 3.3 per cent ($484 billion) in the June quarter 2022.
Inflation is around 30-yea…
