๐ ๐ผ๐ฟ๐ฒ ๐ฃ๐ฟ๐ผ๐ฝ๐ฒ๐ฟ๐๐ ๐ข๐๐ป๐ฒ๐ฟ๐ ๐๐ต๐ถ๐ป๐ธ ๐๐ต๐ถ๐ ๐ถ๐ ๐ฎ ๐ด๐ผ๐ผ๐ฑ ๐๐ถ๐บ๐ฒ ๐๐ผ ๐๐ฒ๐น๐น
The ups and downs of the property market can be seen in this fascinating PropTrack graph.
In May 2020, only 17% of property owners considered it a good time to sell, as prices declined in the early days of the pandemic.
By October 2021, that had tripled to 50%, as Australia experienced one of the biggest housing booms in its history.
By January 2023, the share of owners who thought it a good time to sell had fallen to 19%, as first the growth cycle declined and then prices went backwards.
But by July, that had bounced back to 24%, as prices began rising again.
If prices continue to increase, owner sentiment is likely to keep rising, which may lead to more properties being listed for sale.
Subiaco finance brokers are here to help
Interest rate rises are here, but you donโt have to fear with the right broker on your side.
The team at Sonam Capital are here to empower you through financial knowledge.
Weโll take the time to get to know you and your unique situation and speak in a
language you can understand, with strategies you can implement for the best possible outcomes.
Nick, Wayne and Amanda at Sonam Capital are your Subiaco finance specialists.
