29/08/2023
Macquarie Bank Wondering what lies ahead for the property market? Hereโs 3 enduring insights for home owners. ๐
โฑ๏ธ When it comes to value, itโs about time in the market, not timing the market.
Over the last 10 years, national dwelling prices have appreciated 57.2% and in the last 30 years, theyโve gone up by 350.2% (CoreLogic, May 2023)
๐ The property market is a cyclical one and property prices tend to be impacted by movements in the economy.
For example, over the last 20 years, there have been five full phases of the market. (CoreLogic, May 2023)
๐ Housing prices in our cities and regions move differently through cycles and are influenced by interest rates, income, supply and demand.
So doing your research and understanding the market youโre operating in, is essential.