ABC Australia stated on 19/07/2023: Australia is on the brink of ending RBA rate hikes and an economic first: beating inflation without a recession.

The “Goldilocks” outcome – not too hot or too cold, but just right – would be keeping in work most of the Australians who got into work when unemployment fell and getting on top of inflation. If we can manage that, we will have done future Australians an enormous service.

Things get easier when unemployment is low. We get more likely to become more productive, because we’re less resistant to change when unemployment is less of a threat. We get in a better position to help the budget, by taking less in benefits and paying more in tax. And we become more like each other – lessening inequality.

It is looking as if the Reserve Bank has the opportunity to cement low unemployment while controlling inflation. Holding off (and perhaps abandoning) future rate raises will keep it in reach.

A Chief Economist for a national Real Estate brand states “that significant movements in prices are taking place across Australia. They note that prices have already risen by 3.5 percent since the beginning of this year. If this rate of growth continues, house prices are projected to reach their peak levels from 2022 within the next two months. It is worth noting that cities like Adelaide, Brisbane, Perth, and Darwin, which experienced minimal price declines last year, have already returned to peak pricing.

While Adelaide demonstrates resilience in the face of economic uncertainties, some sellers are hesitant to enter the market due to concerns about potential interest rate hikes affecting their chances of a successful sale. However, it is important to recognise that these concerns are unfounded.

In reality, there has been a surge in attendance at open homes, with a record number of potential buyers, and multiple offers are being received.

The current market conditions undeniably favour sellers, making it an optimal time to sell your property. With low stock levels and high buyer demand, the market is classified as a "Sellers Market." It is advisable not to miss out on this advantageous timing. Waiting until Spring would result in increased competition as more properties flood the market.

What does this mean for the Fleurieu. Great time to sell still but don’t wait for spring as more properties will come on the market. Results are still excellent with no sign or a reduction in prices or activity. Low stock levels mean more competitive action and strong prices. The news it not as bleak from an economical pont of view as first thought. Things are looking better. Go “Goldilocks Australia”

Roger Smith

Over 17 Years as an Agent

Extensive knowledge of the Fleurieu Pennisula

Avid Golfer

Husband to Deb, Father to Amy 10 & Charlie 9

Monster Car Enthusiastic