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PRD Whitsunday  →  News  →  Australian Economic and Property Report 2022

Australian Economic and Property Report 2022

Australian Economic and Property Report 2022

Australia’s property market has proven to be quite unpredictable in the past 24 months. ‘Doom and gloom’ were predicted throughout COVID-19, yet the market flourished. Now, 2022 sees markets within markets, moving in different directions and speeds.

Different Markets, Different Speeds: Where to From Here?

The latest PRD Real Estate Australian Economic and Property Report 2022 reveals that capital city markets have seen a slower pace of median house price growth in the 12 months to the 1st half of 2022. That said, different capital cities behaved differently. A similar pattern of median house price growth can be seen in metropolitan markets, however there is more uniformity in regional markets.

PRD Australian Economic and Property Report 2022

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