Higher interest rates, lower house sales and flatter property prices are forecast for the rest of the year
Higher interest rates, lower house sales and flatter property prices are forecast for the rest of the year
27 April 2022
CoreLogic's latest property report reveals sale volumes in the first quarter of 2022 are the weakest they've been in a decade.
House value growth has also slowed - with the national average up by only 0.7 percent in March - the softest figure since August 2020.
Chief property economist Kelvin Davidson says despite lower prices, it's not all happy days for first-home buyers.
He says you might be able to pick up a bargain, but have to jump through hoops to get the finance - with deposits still a challenge, alongside high interest rates.
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