Asking prices for homes on sale in some Sydney and Melbourne suburbs that were hit the hardest by rising interest rates are starting to pick up, a move that could eventually pave the way for a recovery in the broader market, industry insiders say.
“As every month passes, we nudge closer to the bottom of the market. While I can’t guarantee that these suburbs will continue to have positive growth moving forward, the evidence suggests they may have reached the end of the downturn.” Bronwen Lipscombe, selling agent with McGrath Wahroonga said the lower to middle range segments have started to turn around.
“There have been signals that Sydney’s eastern suburbs have entered into this recovery, particularly for free-standing houses,” said Louis Christopher, SQM Research managing director., particularly for the eastern suburbs.”in the past couple of months, since the RBA started slowing down the pace of interest rate rises.
Wow! How quickly did the doomsday brigade jumpon this !
Annnnnnnd it's gone!
Abracadabra just make up a story with no fact
All this good news means we have a robust economy that can handle continued increases in interest rates right?
Grasping at False Straws.
Afr always shilling.
Lol. No one believes this. Financial Review is a national disgrace.
We need anti-schilling laws
Absolutely rubbish. Is this a Kouk article? No integrity? Desperate to get and change the narrative? It's over this shit is dropping and at very fast pace.
Yeah, nah
When money was free, the cost of hard assets was infinite. If rates even just normalise to historical averages (inevitable), RE will be obliterated.
Bad news for key workers, younger generations who live, work, pay tax and raise kids in Australia. But … great news for passive income earners who sit in the backside and do nothing. At what point do we admit we’ve got it wrong? auspol
😄😄😄😄
AFR: 'Asking prices rose by $343,000 to $2.37 million in Marsfield,...' Marsfield auction last weekend: $1.9m guide 3 weeks ago, sold $1.721m.
Don’t let the truth ruin a good story!
The media caused 80% of 2021’s FOMO buying, now this completely irresponsible reporting. Markets do not agree with this take.
There it is, I found the sign of recovery !
Lol
Bullshit
Radelaide sailed through unaffected. Tippingpoint of what?
BS
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Source: FinancialReview - 🏆 2. / 90 Read more »