How can I speak with Capital Property Advisory?
You can request a complimentary consultation with a CPA adviser to discuss your property goals and next steps.
CAPITAL PROPERTY ADVISORY | NATIONAL BUYER'S AGENCY
Perth’s Housing Market Positioned for Growth in 2023
Perth’s Housing Market Positioned for Growth in 2023 19 December 2022 Matthew Hughes Perth’s Housing Market Positioned for Growth in 2023 As the cash rate has been lifted for the eighth consecutive month, what are the implications for the Perth real estate market as we head into the new year? On Tuesday this week the Reserve Bank of Australia, as expected, lifted the cash rate by 25 basis points to 3.10%. While it is a smaller rate rise than in previous months, the current 3.10% cash rate represents the highest since 2012. “Inflation in Australia is too high, at 6.9 per cent over the year to October,” said RBA Governor Philip Lowe in his post-meeting statement. Dr Lowe warned that a further rise in inflation is expected over the short term, to around 8%. “Inflation is then expected to decline next year due to the ongoing resolution of global supply-side problems, recent declines in some commodity prices and slower growth in demand,” he said. “Medium-term inflation expectations remain well anchored, and it is important that this remains the case. The Bank’s central forecast is for CPI inflation to decline over the next couple of years to be a little above 3 per cent over 2024.” A ho
As the cash rate has been lifted for the eighth consecutive month, what are the implications for the Perth real estate market as we head into the new year? On Tuesday this week the Reserve Bank of Australia, as expected, lifted the cash rate by 25 basis points to 3.10%.