Got a question for the trio? - https://zfrmz.com/uLtjhyBskV96PY6eJfaIhttps://propertyplanning.com.au/propertyplannerbuyerprofessor/ In this week’s market update episode, Dave, Cate and Pete take you through:

1. Continued positive signs as home value index results show rate of decline slows
2. Rents are still climbing in many cities, and while house asking rents have slowed somewhat, the rate of growth is still very tough on tenants. Units in almost every city are still climbing at a strong rate, particularly for Sydney, Brisbane, Melbourne and Adelaide.
3. New listings are the lowest in years and Pete shares a frightening chart that shows our winter volumes exceeded our spring volumes.
4. What’s the correlation between dwelling sales and consumer confidence? Consumer confidence continues to fall and house price expectations have had a significant fall.
5. A lot less people are borrowing money for property and investors' new loan weighting is declining. The uptake of finance continues to move into negative territory and the percentage of owner occupiers vs investors is still favouring owner occupiers
6. Amidst the bleak news, there is a sign of welcome change! The bond traders are demonstrating that they feel we're getting close to the peak for interest rate movements. The three year bond yield has declined over this past month and Dave shares the correlation between the bond yield and the cash rate.
7. Unemployment remains low and Pete notes that it's so much easier to find a job today than in previous years.
8. The headline inflation rate has come down! While we were all disappointed to see the cash rate move 0.25% again in December, we are relieved to see signs of easing in our inflation figures.

Gold Nuggets David Johnston – The Property Planner’s Golden nugget: Dave’s gold nugget involves looking back in the rear view mirror... for those fortuitous property owners who fixed their interest rate back in 2021, they were able to lock in a rate of 2.1% in Jan for three years, and then again in June at 2.15%, only a small increase. Five year fixed rates for the same months sat at 2.69% and 2.84% respectively compared to an astonishing 6.2% today for three years and 6.59% for five year fixed rates. What a change in a short space of time! Cate Bakos – The Property Buyer’s Golden nugget: Cate’s gold nugget aims to give listeners who are out there still searching a hot little tip. Given the stock levels for 2022 are now eroding as the trading year comes to a close, active buyers can ask their favourite agents for any insights (or early access) into some 2023 listings. Visit the show notes: https://propertyplanning.com.au/market-update-nov-2022-rents-are-still-climbing-stock-supply-is-tight-and-bond-yields-have-softened-ep-183/