Market Essentials - July 2021

House sellers continue to benefit as the property buying frenzy persists across the country. Meanwhile, leading economists have predicted that interest rates could start to increase as early as November 2022, well ahead of the RBA’s 2024 timeline.

Forward indicators predict a tightening labour market, increases in wages and inflation as early as mid-2022. Combined with the current ‘cheap credit’ on offer and the fastest month-on-month growth in the property market in 33 years, many buyers may soon find higher interest rates beyond reach.