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CAPITAL PROPERTY ADVISORY | NATIONAL BUYER'S AGENCY
Is it the right time to invest in the current market?
Is it the right time to invest in the current market? 3 December 2022 Matthew Hughes With prices holding firm in October and November, the Perth market continues to weather the rate rise storm better than any other capital city in Australia. “It is pleasing to see Perth home values were relatively stable in October; to put things into perspective, Brisbane’s home value index declined 2.0 per cent and Sydney’s declined 1.3 per cent,” REIWA CEO Cath Hart said. In a recent article from API Magazine, Perth was identified as the only “rising market” in the country , according to Herron Todd White’s recent National Property Clock. In addition to this, SQM Research just released their 2023 outlook, outlining a range of scenarios that relate to monetary policy and economic data – all four scenarios predicted Perth to experience moderate to high growth in 2023 . Affordability supply of investment opportunities Among the allure factors that continue to attract investors’ interest from around the country, affordability and stock levels play a big role. According to REIWA CEO Cath Hart, “The main drivers for this are the low level of stock and our affordability, with Perth median house prices
Among the allure factors that continue to attract investors’ interest from around the country, affordability and stock levels play a big role.