Property Price Watch

Let’s face it, everyone follows the property market. It’s a topic at every BBQ, family gathering and local pub. Everyone had an opinion and the vast majority of us have picked incorrectly over the last 5 years.

• It will go down
• It will go sideways and boom again
• It will continue in double digit growth
• It will capitulate

This latest property cycle is a very interesting one given there are significant underlying issues that normally have an effect on property.

• Global inflation fueling national inflation
• Supply and demand
• Increasing interest rates
• Record fuel prices
• Massive increases in cost of living

The other issues that are extraordinary for this time are …

• War in Europe
• Massive supply issues
• Global interest rate pressures
• Global asset price bubble

In Australia it’s certainly not a time to panic. That said, it’s a time to stay educated and in touch with your clients, monitoring the market daily.

In other news, the MFAA have confirmed that the broker market share has risen to 70%.

It is no surprise really and based on current trends. You can expect to see that number increase further over the next 12 months.