The Below Was Filmed on the 27th of April 2022
Australian Market Overview
We may start seeing properties linger on the market a bit longer.
Melbourne and Sydney are slowing again, there's still a shortage of available houses on the market, but buyers are being cautious if budget limited by borrowing capacity.
Brisbane has seen a major influx in interstate migration with a net migration of over 7,200 people moving to Queensland in the September quarter. We're seeing a bit of cooling from buyers at open homes for attendance, but the quality is still there.
Perth is recovering after many years in the downturn of the oil and gas industry. Expect good growth in Perth over the next few years as industries tend to expand into different areas.
There is a shortage of properties for sale and rent in all capital cities, so demands are extremely high combined with the low interest rates, it's a great time to sell but more so if you're downsizing.