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Save time using RE Logic to access data, appraise, list and sell properties.
Stay tune with RE Logic’s products and projects
An extreme shortage of listings in Q1, skyrocketing rents, and unprecedented immigration are currently outweighing the RBA‘s aggressive rate hikes, fuelling the unexpected price rebound. (news.com.au) The current property market is still a strong sellers market.
However,
Australia’s current cash rate is 3.85%, RBA warned of further rate rises if needed. This has caused the reduction of housing demand.
The RBA now expects Australia’s real GDP growth to be slightly weaker in the near term than it did at the time of the February 2023 SMP. Year-ended growth in Q4:2023 has been lowered from 1.5 per cent to 1.25 per cent and year-average growth for 2023 has been cut from 2.25 per cent to 1.75 per cent. (aicd.com.au)
Considering the surge of population, this week’s Federal Budget has likewise predicted a per capita recession for Australia.
We have seen a fast growing listings after the Easter break.
Hence, we have seen the market condition shifting from a strong sellers market to a more balanced market.
Even though most of the properties are still selling, strategy and skills are becoming more critical to achieving premium results:
It takes more to sell your property well. It is our expertise to design and deliver the best strategy to sell your property for a premium price. To get in touch, please email admin@realestatelogic.com.au.
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