Understanding the Real Estate Market in 2022
People ask, will the housing market crash in Australia during 2022? Whilst the property market at this time last year showed double-digit percentage quarterly growth, 2022 has seen a slowing down of property sales. Melbourne and Sydney posted small negative quarter-on-quarter numbers in March, whilst the other capital cities remained strong. Hudson Homes has noticed this fragmentation of the real estate market. We believe that smaller locations, such as Sunshine Coast and Gold Coast locations, with more affordable real estate property value, are preferred by home buyers. This includes government incentivised first home buyers. Larger city locations, with less affordable real estate property value, are more likely to be picked up by investment buyers, enticed by the relatively low interest rates and reduced competition in New South Wales.
Are the Property Values of House Prices in Australia Increasing?
We expect the property value of house prices Australia wide will continue to grow, but perhaps not at the same pace as last year. A-grade properties in desirable locations such as Sydney will still increase in value as the demand for these properties still outstrips the supply.
Has the 2022 Australia Housing Bubble Burst?
Will the housing market crash during 2022 in Australia? What is ahead for the property market? The Australian housing bubble may have burst a little for Sydney and Melbourne, but the strong performance of other capital cities, led by Brisbane, Canberra, and Adelaide, still indicates growth. There will be more demand than supply for A-grade homes and investment properties in Australia. Property prices should continue to rise due to favourable low interest rates, consumer confidence, and a good demand to supply ratio for detached houses.
Impact of the Covid Pandemic on the Real Estate Market 2022
The prediction for the market is that house sales will be driven by property upgraders that may choose to move out of the larger city centres for locations that are seen as more amenable. Post Covid Lockdown buyers are looking to move out of small apartments in the larger cities to locations with more space, within walking distance of prime amenities and community.
Is it a Good Time to Build a House?
Hudson Homes provides a Knock Down Rebuild service for homeowners who love their location but want to upgrade to a brand-new home. The advantages of a knock down rebuild are that you can build a contemporary home with all the features that you want, in your choice of location.
What Do Homeowners and Investors Look For?
Currently, in this fragmented market, we predict that the A-grade homes and investment properties will strongly outperform other sales. The factors that decide an A-grade property may include: their location, the walking distance to local parks and amenities, the scarcity of the property type, the quality of the residence and outdoor space, and a willingness of buyers to pay a premium to be in the right neighbourhood.
Home and Land Packages in 2022 in Queensland
Hudson Homes offers low deposit home and land packages. These are likely to be appealing to new home buyers who want the freedom to choose the features in their contemporary home and like the savings and convenience of buying house and land from a single source.
Contact Hudson Homes’ new homes consultant today to find out more about knock down rebuild services, or low deposit Land and House Packages in Queensland or New South Wales. Contact us online or call 1300 246 200 to build your dream home in Australia.