The latest property outlook from realestate.com.au indicates that the current market downturn is ‘far from the worst we’ve experienced’.
Some uncertainty for buyers and sellers will continue in the lead up to the Federal Election whereby a Liberal win should see stability for the market, but a change in government would continue to see values fall along with above market rent rises.
Winners and Losers
Adelaide, Hobart and Brisbane remain strong
Darwin and Perth continue to fight tough conditions.
Melbourne is holding up better than Sydney due to high levels of demand from both around Australia and overseas.
Download a full copy of the report here.