Home Prices: Busted???

The threat of interest rate hikes could already be impacting the housing market, with fresh figures showing runaway prices are starting to cool. Of course January is historically a slower month for the property market but the RBA’s move yesterday to lift rates will likely cool momentum. That said new figures released by PropTrack shows Australia’s national housing market reached a new record high of $883,000 in January. According to Proptrack national house prices rose by just 0.2 per cent, as the likelihood of a February rate hike increased. Combined, the capital cities recorded softer price growth, up just 0.1 per cent as a group. Affordability is shot, and with higher interest rates we look at revised scenarios and stress analysis across the country, ahead of our live show next Tuesday, where we go into specific postcodes. Drop any you want me to include in the comments below. If you are buying your home in Sydney’s contentious market, you do not need to stand alone. This is the time you need to have Edwin from Ribbon Property Consultants standing along side you. Buying property, is both challenging and adversarial. The vendor has a professional on their side. Emotions run high - price discovery and price transparency are hard to find – then there is the wasted time and financial investment you make. Edwin understands your needs. So why not engage a licensed professional to stand alongside you. With RPC you know you have: experience, knowledge, and master negotiators, looking after your best interest. Shoot Ribbon an email on [email protected] & use promo code: DFA-WTW/MARTIN to receive your 10% DISCOUNT OFFER. Find more at https://digitalfinanceanalytics.com/blog/ where you can subscribe to our research alerts Please consider supporting our work via Patreon: https://www.patreon.com/DigitalFinanceAnalytics Or make a one-off contribution to help cover our costs via PayPal at: https://www.paypal.me/MartinDFA We also can receive bitcoins at: 13zBL1oRib9VJu8Uc9zUGNhxKDBBgUpDN1 Please share this post to help to spread the word about the state of things.... Caveat Emptor! Note: this is NOT financial or property advice!! 🚨BEWARE OF SCAMMERS🚨 As there are accounts impersonating Walk The World in the comments on YouTube, note that our comments will have a distinguishable verified symbol. And remember that we will never message you asking you to give us money or talk to us on other platforms such as WhatsApp or Telegram