The top three factors driving the property market in 2023
Despite the ‘new normal’ of higher interest rates, 2023 will continue to offer valuable opportunities to real estate investors who are strategic in their property selection.
Property markets in trade exposed capitals, such as Darwin (pictured), Perth and Brisbane are well poised to return to a growth phase. (Image source: Shutterstock.com)
The relentless string of rate hikes kicked off by the Reserve Bank of Australia (RBA) in May last year has had a significant impact on a number of residential property markets across Australia.
However, despite economic headwinds, there are several key factors that continue to shape opportunities across some of our capital cities.
Here are the three drivers I believe will influence residential property investment opportunities in the year…
