Australian Inflation Decline To 2 Year Low of 4.3% Is Turning The Property Tide
Feb 10, 2024
Integrity Property Investment in their latest client update, note Australia's inflation rate falling to a two-year low of 4.3% is significantly impacting the property market.
Brisbane City, Australia - February 10, 2024 /PressCable/ —
Recent data reveals a noteworthy slowdown in inflation, reaching a two-year low of 4.3%, sparking speculation about a halt in further interest rate hikes. According to the Australian Bureau of Statistics November figures, inflation has dipped from October's 4.9%, marking a considerable decrease from its peak of 8.4% in December 2022.
Integrity Property Investment note that the prosperity trend extends to homeowners, with the majority of vendors experiencing significant gains in 2023. Fresh insights from the latest CoreLogic Pain and Gain Report indicate that residential property sellers amassed nearly $300,000 in gross profits during the September quarter.
Elevating the optimism, the report highlights that 93.5% of all home sales in the September quarter yielded a higher price than the property's original purchase cost, marking the highest rate of "profit-making sales" since the July 2022 quarter.
Home values climbed steadily in October and November, rising 1.4% each month. In anticipation of the December figures, Integrity Property Investment expects this positive trend to have continued, making now the perfect time to explore property potential. Adelaide leads the charge with 98.5% of profit-making sales, closely followed by Hobart (97.6%), ACT (97.4%), and Brisbane (97.3%).
Discover the possibilities in Melbourne (91.3% profit-making sales), Sydney (91.1%), Perth (90%), and Darwin (69.7%). The report emphasises that those selling within three years of purchase were more likely to incur losses.
Connect with Integrity Property Investment to leverage these promising trends. Whether a seasoned investor or considering a first property venture, Integrity Property Investment are ready to guide those interested toward financial success. To learn more, visit their website here: https://www.integritypropertyinvestment.com.au/
About Integrity Property Investment
Integrity Property Investment was founded in 2010 by Daimien Patterson and is Australia’s leading full-service property investment firm that supports everyday Australians to dramatically grow their personal wealth.
They provide the necessary education, mentoring, research, property selection, and other supporting services essential to being a successful property investor. It’s their objective make it as easy as possible for their clients to be successful.
Contact Info:
Name: Daimien Patterson
Email: Send Email
Organization: Integrity Property Investment
Address: Level 34 1 Eagle Street, Brisbane City, QLD 4000, Australia
Website: https://www.integritypropertyinvestment.com.au/
Source: PressCable
Release ID: 89121142
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