Jun 19, 2023
The right question is: WHERE is it a good time to buy real estate in Australia.
Because in this vast country, with so many different places and market scenarios playing out, it’s always a good time to buy SOMEWHERE.
At Hotspotting, we’ve just completed the work on the Winter edition of The Price Predictor Index.
This has included analysing sales activity for every significant
suburb or town throughout
Australia – which means over two thousand different locations.
The results of this study confirm that we have a multi-speed market
in Australia – which
means there are many different scenarios under way throughout the
nation.
There really is no such entity as “the Australian property market”
- because it’s normal to
have, at any point in time, markets which are rising, markets which
are stagnating, markets
that are falling and – particularly right now – locations which
have been previously weak but
which are now showing signs of recovery.
This is certainly the case right now in Australia.