Australian Economic and Property Report 2022
Australia’s property market has proven to be quite unpredictable in the past 24 months. ‘Doom and gloom’ were predicted throughout COVID-19, yet the market flourished. Now, 2022 sees markets within markets, moving in different directions and speeds.
Different Markets, Different Speeds: Where to From Here?
The latest PRD Real Estate Australian Economic and Property Report 2022 reveals that capital city markets have seen a slower pace of median house price growth in the 12 months to the 1st half of 2022. That said, different capital cities behaved differently. A similar pattern of median house price growth can be seen in metropolitan markets, however there is more uniformity in regional markets.
