Falling Property Prices

CoreLogic data shows that capital city house prices are down more than 7% as at October 2022 from the April 2022 peak. RBA continues to raise interest rates with no limit on how high interest rates may climb.

But is there a silver lining to the current trend in falling house prices?

We have summarised the following key points to the upside of the residential property downturn:

• Increasing gross rental yields
• Lower auction clearance rates
• Longer time on the market
• Regional markets are holding up better than capital cities.

We also cover the current threat to residential property investors:

• Loan servicing costs are high
• Harsh penalties for those unable to stay invested for the long term
• Economic uncertainty
• Complex legal obligations
• unexpected maintenance costs.

To read the full summary, click here

If you would like further information regarding any of the above, be sure to get in contact.