While investors should never rush, the current window is likely to reward early movers who can get out ahead of the market.
– much sooner than many predicted. CoreLogic’s national Home Value Index posted the first month-on-month rise since April 2022, rising 0.6 per cent in March.
Similar market recovery transitions have played out many times. For instance, in the period before the 2008 global financial crisis , the RBA implemented a series of rate rises, peaking at 7.25 per cent, as it tried to wrestle down strong inflation. Australia faces differing economic circumstances, so we’re unlikely to see rates drop and prices surge as sharply in the short term.Advertisement
On the other hand, government disincentives can inhibit a potential rebound – particularly relevant given murmurings the federal government has set its sights on restricting negative gearing, capital gains tax exemptions and borrowing within self-managed super funds. As is typical with an aggressive cycle of interest rate increases, mortgage stress is mounting, which could force numbers of property owners to sell. While the mortgage cliff may be overhyped, it does provide investors with greater property volumes and choice – albeit definitely not a vulture-like smorgasbord.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
This property insider isn’t scared of a $2.2 trillion debt cliffStorm clouds are gathering in the North American commercial property market. But David Kruth, Dexus’ man in New York, is holding his nerve.
Read more »
Fitness entrepreneur Cameron Falloon bags $12.4m Toorak abodeFitness guru and former PT to Princess Diana Cameroon Falloon has purchased a Toorak property for $12.35m, while a storybook homestead has hit the rural market.
Read more »
Queensland health report suggests long Covid no more severe than lingering influenzaExperts say more peer-reviewed research is needed to understand the full impacts of the virus
Read more »
Porter Davis liquidators find builder to complete up to 375 homesNostra Property Group enters into agreement to complete multiple dwelling projects
Read more »
Bombshell Versace move for iconic Gold Coast hotelThe Gold Coast’s iconic Palazzo Versace will be no more after the Italian fashion giant decided to withdraw from the branding agreement with the hotel. 7NEWS
Read more »
Landlords asked to explain $1.3 billion tax shortfall in new ATO blitzThe Australian Taxation Office (ATO) will pore over the records of up to 1.7 million mortgage holders this financial year as it seeks to stamp out the shortfall in tax paid by residential property investors.
Read more »