We’re now three months into a return to price growth and with interest rates now possibly peaking, it looks like this growth will continue for at least the short term. Population growth continues to accelerate and the ongoing construction crisis is set to result in too few homes being built for many years to come.
This month we take a look at what is driving the faster than anticipated return to price growth and estimate when we will get back to the 2022 house price peaks in each capital city. For our commercial property insights, we investigate what’s happening to foreign investment. While we’ve seen a big fall in foreign investment in residential property, the declines have not been as extreme in commercial.
We hope you enjoy this month’s Ray White Now and we look forward to providing you with more property market information in 2023.
Source: Ray White
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