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PRD Whitsunday  →  News  →  WATCH: 28 July, 2022 Whitsunday Weekly E-News

WATCH: 28 July, 2022 Whitsunday Weekly E-News

WATCH: 28 July, 2022 Whitsunday Weekly E-News

Hi, Annette Neil from PRD Whitsunday.

I'm here this week at 32 Beth Court again, enjoying the beautiful ocean views over my shoulder, and I actually just happen to see a few turtles pop up, they do call it Turtle Bay and their they were this morning, such a beautiful site here in the Whitsundays.

A question I'm getting asked a lot at the moment is "what's happening with the market"? "What do you think will happen with interest rates and inflation."? All these different questions that people want to know. Property is one of the biggest economic drivers in our country and one of the biggest area of wealth. Its where most people hold the majority of their wealth in their family home. Maybe they bought something 20 years ago, they've sold it, it's how they have made their money and how they have built their wealth. So it is a hot button topic for every single person. This week we have the new inflation results released and they were a bit lower then expected for the quarter at only 1.8%, so good sign there that inflation is starting to dampen just a little bit. The RBA strategy coming through of interest rises, obviously having an effect, although we are waiting to see what happens next week. I am tipping and I think everyone else in Australia is tipping on another rate rise of course, we will see a few more of those this year.

Now obviously, who wants to know what is happening in the market .. . everybody as I have just said, So in September I am really thrilled to announce that we are having a huge Research Night. We are having PRD Chief Economist Dr Asti come up here to the Whitsundays and we are going to be putting on a massive event, inviting everyone from the community who has an interest in property to come along. We are going to be putting on an event including a few drinks, maybe at the VMR with the beautiful Whitsunday backdrop. Giving a lot information to people on what the market is doing. We will have our Australian Economic Report out in August, so we will be speaking a lot to that, but also tailoring the information to the people that come along. So mark that in your calendar, pop down and come along in September (Date to be advised) and find out what is happening in the property market.

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