This Month in Review

As we head into December and the final property report for 2021, economists, real estate market analysts and the big banks are each forecasting how the property market will perform during 2022 and 2023.

With the pandemic boom coming to an end and increasing stock levels across all capital cities, the consensus is that the double-digit price increases seen over the last thirteen months won’t be repeated. Instead, expect a 5 to 6 per cent increase in 2022 and a price fall of 4 per cent in 2023.

Meanwhile, the talk of interest rate hikes continues, with all big lenders already pushing up their fixed rates in anticipation of an expected increase in 2023. Investor finance growth remains positive after more than doubling in May, with investors chasing the capital gains already witnessed throughout 2021.

Rents are also starting to rise in anticipation of a return to immigration in 2022. This week, the ANZ reported earlier rental growth gaps between units and houses, and capital cities and regions have largely closed.

Exhausted real estate agents are keen to call close on the year, with many agents wrapping up campaigns and auctions by 18 December, returning to the coal face in mid-January 2022.

Click here for the full infographic and report.

The Market Essentials Report is compiled by Buyside on behalf of Loanscape.  Founded by Josh Masters, Buyside are registered buyer's agents with on the ground expertise in the Sydney and Brisbane property markets.

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Disclaimer: This article is intended to provide general news and information only.  While every care has been taken to ensure the accuracy of the information it contains, neither Loanscape nor its employees can be held liable for any inaccuracies, errors or omission.  All information is current as at publication release and the publisher takes no responsibility for any factors that may change thereafter.  Readers are advised to contact their financial adviser, broker or accountant before making any investment decisions and should not rely on this article as a substitute for professional advice.