In this week’s 90-second Hot Take, Ewan unpacks the reality of the current property landscape, and it’s a market facing clear pressure. With anecdotal insights across the industry pointing to a potential 10% decline in property values (and possibly more in some pockets), a combination of rising interest rates, inflation, global uncertainty and proposed changes to negative gearing and CGT has created a perfect storm. The result? A noticeable drop in confidence, with many buyers and sellers stepping back to reassess their position.
However, it’s not all negative. The sub-$1M market continues to show resilience, with transactions still taking place and agents achieving results. More encouragingly, recent data shows an uptick in buyer activity, suggesting that confidence may be starting to return as opportunistic buyers look to re-enter the market. As conditions shift, staying informed and ready to act could make all the difference in the weeks ahead.