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Happy new financial year for property owners, with Domain forecasting that prices will increase in much of the country over the next 12 months.
Domain expects all capital city house markets and most unit markets to grow during the 2023-24 financial year.
If Domain's forecasts come to pass, the Sydney, Adelaide and Perth house markets will hit record highs, as will the Brisbane, Adelaide and Hobart unit markets.
βWeβve already started to see prices rising this [calendar] year, and weβre expecting that to continue, but weβre expecting the recovery to be slow and steady,β Domain chief of research and economics Nicola Powell said.
Subiaco finance brokers are here to help
Interest rate rises are here, but you donβt have to fear with the right broker on your side.
The team at Sonam Capital are here to empower you through financial knowledge. Weβll 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.