We may not see the same level of price growth overall in 2022, but there will be substantial uplift in property values again. The difference in 2022 is that markets will be segmented.
Indeed, 2022 promises to be a fascinating year in real estate. Last year was relatively straightforward because, in simple terms, prices were rising pretty much everywhere. Around 98% of locations across Australia recorded price uplift; most had double-digit growth and many places rose by more than 20%.
This year is shaping as a more “normal” market, where some locations are rising strongly, some are rising moderately, some are marking time or stagnating, and a few are falling. This is because markets are essentially local affairs. Outcomes are dictated by local economic conditions and these tend to vary from one place to another.
In 2022 we will see a variety of scenarios. While there has been a nationwide property boom over the past 18 months, some locations have had strong markets for much longer than that.
In the coming year, some of the locations that have had major price growth for the past four or five years will start to fade. Hobart, Geelong and the Sunshine Coast are examples.
Denne historien er fra February 2022-utgaven av Money Magazine Australia.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra February 2022-utgaven av Money Magazine Australia.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
An outrageous, beautiful monopoly
Telstra's mobile business is a cash machine with few competitors, giving it the highest returns in the world.
Drop the anchor to judge value
Buying and selling decisions should be based on where a stock price is going, not where it has been.
Powering the AI boom
Beyond the software and chipmakers, where will the energy come from?
Get into life
Tucked inside super are products that can protect you from life's inevitable uncertainties.
Paths to home ownership
Taking the road less travelled can sometimes deliver unexpected benefits.
Sold! Quick ways to add value
Small, strategic changes can have a big impact on the look and feel of your home. And get you a better price on auction day.
Money lessons the kids need to know
Your children can learn a lot from your past money mishaps. Here are eight financial conversations I have had with mine.
Property-investing rules: are they likely to change?
The pressure for the government to curb the tax benefits of tax concessions, such as negative gearing and the capital gains tax discount, is unrelenting. Most recently, independent senators David Pocock and Jacqui Lambie proposed five options for paring back investment property tax concessions, with savings to the Federal budget of up to $60 billion over the next decade.
What's love got to do with it?
A rollercoaster of emotions could be driving poor crypto behaviour.
Are we ready to be cash-free?
Saying goodbye to our piggy banks too soon could leave small businesses in the dark when problems arise.
