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Richard Wakelin

Property market doomsayers need more perspective

Once interest rates stabilise, we can expect the market to consolidate and begin to show signs of recovery.

Australia’s property market has been on a roller coaster ride over the past three years, with surging COVID-19 price rises in 2020/21, followed by 2022’s rate-hike induced descent.

Such volatility may have left many property investors a little dizzy, and somewhat fearful of the journey ahead. But amidst all the volatility, the ground is actually stabilising, with market dynamics returning to a longer-term normality.

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Richard Wakelin is a founder of buyers' agent Wakelin Property Advisory.

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    Original URL: https://www.afr.com/wealth/personal-finance/property-market-doomsayers-need-more-perspective-20230220-p5cm2k