The number of homes for sale nationwide is on the rise, but experts say that does not mean buyers should expect a sudden shift to a buyers’ market.

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Non-bank lenders are reporting a surge in mortgage inquiries in the wake of new lending rules, but those applications are not guaranteed success, Lyn McMorran​, executive director of the Financial Services Federation says.

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The median house prices in Weston Creek and Molonglo Valley have climbed to seven figures after new data showed the newest million-dollar regions soared by more than 40 per cent in the space of just 12 months.

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Supply chain challenges and higher inflation are moderating global economic growth, with last year’s pace of expansion set to slow this year and next, potentially dragging down demand for commodities.  If commodity demand slows down, prices could reflect the moderation in economies. This could take place before the end of 2023, Reuters’ market analyst John Kemp argues. According to Kemp, historical patterns in economic cycles suggest that we could see a slowdown in economic expansion next year. 

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Russ Welch, owner of X-Press Legal Services Wrexham, Cheshire West and Chester, predicts that demand will continue to outstrip supply, and that house prices will continue to rise.

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There’s lot of money to be made in real estate investing. And if you’ve traditionally limited your portfolio to stocks and bonds, owning real estate is a great way to branch out and diversify.

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Big city house prices are no hope of repeating 2021’s runaway growth but could increase as much as 10 per cent Australia-wide, research reveals.

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