Following strong housing market conditions during 2020 and 2021, 2022 has been a tumultuous year for the housing market. Interest rates have risen rapidly, resulting in price falls and a reduction in sales volumes.
While prices for properties for sale have fallen, rental prices have grown on the back of escalating demand from overseas migration and fewer first-home buyers. The insufficient supply of rental stock has afforded landlords the scope to lift rents.
With market conditions changing so rapidly, what are the most pressing issues for the housing market in 2023?
0.00 State of the current market
0.15 Areas that are likely to see price falls
0.44 Areas that might show more strength
1.03 Global factors influencing the market
1.21 Buying in 2023
1.47 Selling in 2023
Read more: https://rea.to/bmp4k
Subscribe for more property news, insights and inspiration: https://rea.to/joe-z
Follow us on Facebook: https://www.facebook.com/realestateAus
Follow us on Instagram: https://www.instagram.com/realestateaus/