Easing inflation rates boosts confidence in property market
Despite interest rate and inflation uncertainties the market is signalling a recovery is underway, as seen in auction rates, house prices, rental vacancy rates, and a return of investment interest.
Indicators are that inflation rates have slowed and confidence in the property market is improving, slightly (Image source: Shutterstock.com)
House prices are indicating an upswing after major cities were reported as experiencing a bottoming out in values, just a little over a month ago.
Increased speculation that the market has been through its correction phase and is ready for the upswing after the downturn in prices was shaped by the fastest and highest increase in interest rates for over a generation.
Off the back of record low interest rates, it caught many borrowers off guard b…
