Are you curious about what’s in store for the property market in 2023-24? Insight Property Wealth has identified ten key trends to keep an eye on:
- Housing supply needs urgent attention from all levels of government.
- Sustainability will shape housing policy.
- Interest rates may ease, but the market remains strong.
- Rental prices will continue to rise due to high demand and limited supply.
- Build-to-rent will contribute to rental supply.
- Construction costs may moderate, but builders face pressure from fixed-price contracts.
- Mortgage stress is a concern for homeowners.
- Data security is crucial for real estate agents.
- Short-stay rentals impact long-term rental supply.
- Negative gearing and capital gains tax settings must be maintained to avoid damaging rental supply.
Stay informed with Insight Property Wealth! We will help you stay ahead of the curve and make informed decisions in the ever-changing property market landscape. Drop us a message if you’re looking for more information or for more expert insights and analysis!
