October 2022 Market Update

Well, I don’t know about you, but I had to double-check my calendar because I couldn’t believe that we’re now in November. Where has 2022 gone? It feels like only yesterday I was celebrating my granddaughter’s first birthday, and that was in MARCH!! Absolutely crazy.

Regarding the real estate market for October, no surprise that every capital city and the majority of regional areas in Australia have recorded further drops in housing prices. According to CoreLogic, “The combined value of residential real estate was estimated to be $9.5 trillion at the end of October”. This was down from $9.6 trillion in September. While the numbers show a downward trend, it is important to remember we’re still eating away at the growth we experienced during the boom.

New Zealand is facing much of the same with house prices continuing to decline. However, the summer selling season has officially begun with there being a sharp increase number of listings coming onto the market.

For a more in-depth analysis of how the Australian and New Zealand markets performed during October, make sure you watch my video below.

With the summer selling season upon us, do you have the systems and strategies in place to ensure you make the most of it?

If you’d like some help or advice, make sure you book in a call with me today and we’ll see how Real Estate Brilliance can you.

For more information, or to find out how Real Estate Brilliance can help you implement systems and strategies to take your business to the next level, click the button below to discover information on our upcoming webinar.

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