REIP – Inside Real Estate October 12, 2022

Unsurprisingly the RBA has lifted interest rates again by 25 basis points to 2.6% and with continued uncertainty in the global economy and pressure on household budgets, consumer confidence remains low. It’s a challenging market for sellers, but with an increase in rental yields, now might be a great time to consider a capital city purchase. Tim Lawless and I discuss all of this and more in our latest market insights.

PEXA’s Monthly Insights & Mortgage Insights reveals that sales settlements were down in NSW, QLD, VIC and WA in September. The monthly decline was sharpest in NSW (down 7.4%) and WA (down 6.6%). Refinancing also fell slightly in September largely due to the impact of public holidays.

Muval have recently published a preview of their 2022 Muval Movers Index which explores the triggers behind why people are moving. While the pandemic may have kickstarted this national relocation trend, it seems that its rising cost of living pressures are keeping it going. You can read more here.

We’re all aware of the increase in mental health challenges our teams have faced over the last couple of years but it can be hard to know how you can best support them. The RiSE Initiative together with mental health provider Heart On My Sleeve is hosting two exclusive live workshops to step real estate principals and leaders through how to proactively manage these important discussions. Space is limited with only 20 seats per session, so book your spot here.

Not long to go until we kick off the Leading into the New Normal retreat at Red Hill. Over 3 days we’ll take a deep dive into what makes a great leader and provide you with the tools required for you to succeed. Join Hayley Mitchell and myself for this event and walk away with plan for your own leadership future. Find out more and register here. 

Until next time, stay connected.