With economists predicting that residential property prices could fall as much as 20%, Australia’s long-running property bubble may have finally burst. But with adversity comes opportunity.
CoreLogic data shows that capital city house prices are down more than 7% as at October 2022 from the April 2022 peak. Sydney is leading the
way with a drop in value of more than 10% since peaking in January, with Melbourne down 6% since February’s high. Home units in capital
cities are holding their value better than houses, with prices down 4%.
The regions are also showing resilience, with prices down less than 5%. For property owners who’ve become accustomed to price
growth, these price falls are a stark reversal. Increasing gross rental yields. Falling property prices combined with rent hikes means
the average income earned from residential property, as a percentage of property values, has risen.
Important information: This document contains general
advice. It does not take account of your objectives, financial situation or needs. You should consider talking to a financial adviser
before making a financial decision.
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A rally in the second half of the month helped global share markets generate solid gains in January, extending the rally from November and December.
Recent research shows why giving to others can provide us with a mental boost. We feel happier when we have a choice in how and who we give, and when we see the results of our generosity.
Investment markets have shown a lot of enthusiasm for AI and Chat GPT technology. AI productivity gains could boost economic growth and
share market performance across the world.
The release of resilient economic data and sticky inflation readings indicated that official interest rates might need to be raised further in key regions, or at least remain high for longer than was previously anticipated.
Investors remained focused on the release of inflation data and how ongoing pricing pressures might affect monetary policy settings in key regions.
Bianca Carroll's dedication and commitment to excellence have culminated in her being recognized as the Emerging Adviser of the Year, a remarkable accomplishment that is a testament to her perseverance.