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                                         <a href="https://whichrealestateagent.com.au/?utm_campaign=new_articles&utm_medium=email&utm_source=newsletter&utm_content=logo"><img src="https://whichrealestateagent.com.au/blog/wp-content/uploads/2011/10/Which-Real-Estate-Agent-Logo-RGB-300x121.png" width="159" height="64" alt="logo"></a>
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							Hi @CONTACT_FIRST_NAME@,
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										<br>A lot has happened since our last update. We summarise the major property market themes and price trends below.<br><br>As a reminder, we only email when we have something interesting to say and never more than once a month. Please <a href="@CONTACT_MARKETING_TAG_LINK@" target="_blank">opt-out</a> if desired.<br><br><b>To Sell Now Or Wait Until 2023? <br></b><a href="https://whichrealestateagent.com.au/to-sell-now-or-wait-until-2023/?utm_campaign=new_articles&utm_medium=email&utm_source=newsletter&utm_content=top_cta" target="_blank">Many were expecting</a> Spring to result in a flood of new properties for sale, pushing prices down further. Instead <a href="https://whichrealestateagent.com.au/to-sell-now-or-wait-until-2023/" target="_blank">realestate.com.au reported</a> there were 18% fewer properties advertised for sale nationally in October 2022 compared to last year, and 31% and 29% fewer properties advertised in Sydney and Melbourne respectively. <br><br>The reduced number of properties advertised has sharp <a href="https://whichrealestateagent.com.au/value/australian-property-market-updates/#Property_Price_Momentum?utm_campaign=new_articles&utm_medium=email&utm_source=newsletter&utm_content=top_cta" target="_blank">price falls moderating</a>, particularly in Sydney and Melbourne, as some buyer demand remains. <br><br>That said, prices are still falling (<a href="https://whichrealestateagent.com.au/value/australian-property-market-updates/?utm_campaign=new_articles&utm_medium=email&utm_source=newsletter&utm_content=top_cta" target="_blank">see our price trends dashboard</a>), just not as much as feared. <a href="https://whichrealestateagent.com.au/to-sell-now-or-wait-until-2023/?utm_campaign=new_articles&utm_medium=email&utm_source=newsletter&utm_content=top_cta" target="_blank">Read full article here.</a><br><br><b>Australian Property Market Forecast 2023 – Is It All Bad News?</b> <br><a href="https://whichrealestateagent.com.au/property-market-forecast-2023/?utm_campaign=new_articles&utm_medium=email&utm_source=newsletter&utm_content=top_cta" target="_blank">According to the four major banks</a> 2023 is going to be a year of significant price decreases with property prices predicted to fall -10 to -15% 2023. <br><br>The Reserve Bank of Australia cash rate is expected to increase and peak next year at 3.85% (currently 2.85%) according <a href="https://www.asx.com.au/data/trt/ib_expectation_curve_graph.pdf" target="_blank">to the futures market</a>. <br><br>The <a href="https://www.theguardian.com/australia-news/2022/nov/15/rba-reserve-bank-australia-signals-it-may-pause-further-interest-rate-rises" target="_blank">RBA indicated</a> in its most recent release that it may be prepared to wait, to gauge the impact of recent rate rises on inflation. The market is currently <a href="https://www2.asx.com.au/markets/trade-our-derivatives-market/futures-market/rba-rate-tracker" target="_blank">predicting a 59% chance</a> of another 0.25% increase in December 2022.<br><br><a href="https://whichrealestateagent.com.au/property-market-forecast-2023/?utm_campaign=new_articles&utm_medium=email&utm_source=newsletter&utm_content=top_cta" target="_blank">Read the full article</a> for 2023 property price forecasts and trends by city.<br><br>The good news is there are buyers out there and the supply demand imbalance isn't as bad as anticipated. With the RBA indicating patience hopefully inflation is tackled without a disastrous impact on the Australian property market.<br><br>If you are considering selling or leasing your property the agent you use is just as important as ever. See who we have shortlisted for your area.<br></td>
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									<td style="color:#000000;font-size:16px;line-height:1.4em;padding:25px 10px;"><b><u>Spring Property Market Update<br></u></b><br>Corelogic reports that price declines are continuing, with price movements to 16 November 2022 listed below. <br><br>Brisbane (-5.6%) has overtaken Sydney (-4.9%) and Melbourne (-2.9%) with negative price momentum significant over the last three months, off the back of very strong gains. <br><br>Two year returns remain healthy, particularly for the smaller capital cities.<br><br>
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										<br>Adelaide and Perth, the better performing cities, are starting to post negative returns, having recently peaked in August.<br><br>

<br><br>For more information on the Australian property market including trends by city refer to our <a href="https://whichrealestateagent.com.au/value/australian-property-market-updates/?utm_campaign=new_articles&utm_medium=email&utm_source=newsletter&utm_content=text_cta" target="_blank">Property Market Dashboard</a>, updated daily. <br>
<br><b>That's it for this issue 👋  <br></b><br>P.S. Reply if we can help in any way.</td></tr></tbody></table></td></tr></tbody></table><table role="presentation" cellspacing="0" cellpadding="0" border="0" align="center" width="100%" style="max-width:600px"><tbody>
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							<p style="margin:0;padding:0;font-family:'-apple-system,BlinkMacSystemFont,Roboto,Oxygen,Ubuntu,Cantarell,' Helvetica Neue ', Helvetica, Arial, sans-serif';font-size:16px;line-height:28px;color:#555555;font-weight:400">See what is happening in your local market with an update on value and trends from your top local agent.</p>
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Sent by <span style="text-decoration-style: initial; text-decoration-color: initial;">Which Real Estate Agent</span>, ABN 52 092 013 931, 1300 66 555 7.
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