Well, there’s a lot of uncertainty and volatility ‘out there’ right now. As usual, being driven by the media. But if we look past the headlines, our projected national economic outlook is ok with agriculture, commodities, and energy fetching premium prices.
Our borders have re-opened, migration has resumed with NSW planning forecasting a population increase of 2M people over the next two decades almost all settling in metropolitan areas. A shortage of building projects coming out of the ground is also leading to restricted property supply which should support prices.
Whilst I am an optimist I think the implications of climate change and the cost of energy while we transition from fossil fuels to renewables will have an increasing impact on what you should buy and where.
Now more than ever is the time to do your homework, and get professional assistance to source the right property in the right location for the right price and avoid costly mistakes.