Important property update
Key Points from Macquarie Group: 1. Before Covid: strong growth in house prices – particularly Sydney and Melbourne 2. After Covid: listing numbers fell sharply but now back to average levels of last year 3. Rising unemployment and reduced migration – affecting demand for rental properties 4. Mortgage rates down and affordability up 5. Macquarie predicts current interest rates should continue for two to three years 6. Dwelling prices have fallen only 2% – 4% depending on area of Australia. This is a mild fall under the circumstances 7. Macquarie predicts that the government would intervene if dwelling values were […]