Welcome to the Property Planner’s Monthly Market Update, your comprehensive resource for the latest insights and trends in the real estate and economic landscape!
Stay informed and ahead of the curve with our expert analysis, helping you make well-informed decisions in the ever-evolving property market.
Darwin’s Strong Recovery
Darwin saw the strongest growth in March with a 1% increase, leading the charge in the property market.
Could this be the start of a long-awaited recovery after a decade of stagnation?
Source: CoreLogic
Adelaide’s Resilience
Adelaide continues to surprise with sustained growth despite broader market challenges.
Its economic vibrancy and competitive property market make it an attractive destination for investors, but are the price levels sustainable?
Most markets overshoot on the way up!
Source: CoreLogic
Melbourne’s Growth
Melbourne posted its second consecutive month of growth with a 0.5% increase in March, showing positive momentum after a period of subdued performance.
The green shoots suggest Melbourne is at the beginning of a rebound.
Source: CoreLogic
What’s Next for Interest Rates?
The outlook for interest rates remains uncertain with markets betting on more rate reductions amid global inflation concerns.
As of April 16th, markets are forecasting a 70% chance of a 50-basis point rate cut by the RBA at their next meeting on May 20th, bringing the cash rate down to 3.60%. There’s also a 100% likelihood of a rate reduction, with a 25-basis point cut being the most likely outcome.
Additionally, the ASX 30-Day Interbank Cash Rate Futures market currently implies a significant drop in interest rates, with an expected yield of 2.935% by December, a large reduction from the current 4.10%.
The market sits halfway between rates falling by 1% and 1.25%.
Source:ASX Rate Tracker
Migration & Housing Supply
With discussions around immigration and housing supply intensifying, how will a reduction in new migrants to Australia impact the demand for property?
Source: ABS
Anyone for Tariffs?
How global instability, rising tariffs and potential further rate cuts are shaping the future of the Australian property market.
Source: BBC
Interested to Learn More?
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If you would like to discuss your next steps, property plans, and mortgage strategy, get in touch with us today. Our team of experts is here to guide you through the complexities of the market and help you achieve your property goals.
