2022 property market predictions
While the commentary around price falls is again ramping up, the reality is that at this stage it’s looking unlikely that property prices in our area will see a sharp decline in 2022. We’re heading into a period of strong economic growth, rather...
2021 has been an unprecedented year for Australian housing markets, but 2022 is likely to see a further easing in the pace of capital gains.
The large majority of housing demand has originated from domestic sources, fuelled by record low mortgage rates and an accumulation of pent-up demand from prior years, when housing turnover reached record lows.
The final months of 2021 saw housing values move through the fastest rate of annual growth since the late 1980s. Early indications for our local area are promising with high numbers still attending open homes and time will tell if the prices from 2021 will hold up.
Also look out for your latest land value assessment undertaken by the NSW Valuer General. Most values are up considerably in our area which will ultimately mean higher rates and land taxes (if applicable to you).
