We are continuing to move into a much more normal market than what we have experienced over the past two years. Depending on what data set you are using, the extent of the slowdown differs however there is consensus that as interest rates rise, we are at the start of a new cycle. Strong inflation, rising interest rates and a subsequent economic slowdown that results in rising unemployment will be challenging for pretty much everyone. A slow down to fast house price growth in contrast will be a relief to most. The fact is people buy and sell houses every day. They upsize, downsize, move away and move home as everyone’s personal circumstances are different. Selling is a personal decision. Our job has always been the same. To create competition for our sellers - and we can do that in any market. The process remains the same: to market our properties as far and widely as possible for our sellers. We’ve never lost sight of that. If you are considering a move, we can help you to achieve the best possible sales outcome. We invite you to get in touch and experience the Ray White difference for yourself. Brad O’Mara Director Ray White Queanbeyan | Jerrabomberra Australia’s median house price increased by 32% from March 2020 to December 2021, making it the fastest period of price growth we have ever experienced. Since the end of last year, the market has slowed considerably. WHAT’S HAPPENING IN OUR MARKET?
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