Buyers regain negotiating power amid historic downturn
The national property downturn is far from uniform, creating different opportunities and risks for investors across the country.
Regional property markets have proven a little more resilient than the capital cities in this current downturn. (Image source: Shutterstock.com)
Australia’s property market is entering a new phase, with falling home values, rising interest rates and growing vendor discounting creating a very different landscape for buyers and sellers.
New data suggests the downturn is now spreading beyond Sydney and Melbourne, with some of the country’s previously strongest-performing capital cities recording their sharpest declines on record. At the same time, regional markets are proving more resilient,…
