New SQM research suggests that while an economic slowdown was likely, a hard landing for property prices should be avoided.
Melbourne’s median house price could gain up to $45,500 next year in a market up tick that could have tenants needing to find an extra $60 per week. Despite seven consecutive hikes this year to a 2.85 per cent official cash rate, SQM Research is expecting it will not get higher than 4 per cent in 2023.
Managing director of SQM and Housing Boom and Bust Report author Louis Christopher said an economic slowdown was likely, but a hard landing should be avoided.
Didn’t ANZ say there will be a 18% drop? Good to see the witches potion is working in the financial market
Should’ve gone to Specsavers 😜🤪😝 Renters should drink fewer lattes & then they might be able to afford to buy - I didn’t buy a coffee for 20 years while saving & paying off a mortgage 🤢🤮🤑