Population growth and a housing shortage are both now outweighing increases in the cost of finance with Australian house prices having increased by another 0.5 per cent in March.
The biggest property group in Australia, Ray White, has just recorded its best sales results in 10 months with $5.7 billion worth of property changing hands in March 2023.
There were no surprises today that the Reserve Bank of Australia kept rates on hold. While concerns about a global banking crisis were a likely factor, it is good news that inflation is now pulling back quicker than expected.
Choosing an investment property is not an impulse decision. If you put in enough research and hard work, then you will be rewarded with a highly valuable asset that will help support your lifestyle.
Population growth and a housing shortage are both now outweighing increases in the cost of finance with Australian house prices having increased by another 0.5 per cent in March.
