Australians still backing real estate despite interest rate rises.
SQM Research data reflects a slowdown in asking prices nationally, however, a steep decline across the board is yet to be witnessed.
National real estate brand First National has noted that despite this, Australians are strongly backing real estate.
“Depending on where you live in Australia, home values increased perhaps as much as 36.5 per cent in the two years to the end of February 2022, yet we’ve observed declines of only around 3.5 per cent over the past four months,” said First National Real Estate Chief Executive, Ray Ellis.