Kamal Sehgal is an award winning Australian Real Estate Agent. Kamal Sehgal has extensive experience in business, sales, real estate and many other industries.

1. DFF

2. AUSTRALIAN REAL ESTATE: ON THE RECOVERY

3. SINCE THE HIGHER INTEREST RATES HAVE BEEN ANNOUNCED BY THE
RESERVE BANK OF AUSTRALIA IN MAY THIS YEAR, THE IN AUSTRALIA
HAS SEEN A DECREASE IN THE PRICES FOR THE RESIDENTIAL
PROPERTY. FURTHER, THE INVESTOR CONFIDENCE FOR THE
AUSTRALIAN FOR SALE IS WAVERING. THE IN AUSTRALIA HAS SEEN
DIMINISHING SALES AND THIS HAS BECOME THE TOPIC OF HOT
DEBATE IN THE MEDIA AS WELL AS THE INTERNET.
REAL ESTATE IN AUSTRALIA RESEARCH FIRMS SUCH AS KAMAL
SEGHAL HAVE ALSO CONFIRMED THE SOFTENING OF THE IN
AUSTRALIA PRICES. IN AUGUST THE AVERAGE PRICE FOR THE HOUSE
HAS DROPPED AND STOOD AT $450,000. HOWEVER THE FIRMS EXPECT
THAT THE SOFTENING OF THE PRICES WOULD BE FOR A LIMITED TIME
PERIOD ONLY AS THE FUNDAMENTALS OF THE ECONOMY IN
AUSTRALIA ARE ON THE UPSWING AND IT HAS RECOVERED FROM THE
RECESSION THAT WAS WIDESPREAD DURING 2020 - 21. FURTHER
THERE IS A SHORTAGE OF SUPPLY FOR THE AUSTRALIAN MARKET AND
THIS WILL EXERT SOME UPWARD PRESSURE FOR THE PRICES TO RISE
IN THE LAST QUARTER OF 2022.

4. DFF

5. EVEN THOUGH THE PRICES WERE DOWN IN THE THIRD QUARTER OF
2010 IN ALL THE EIGHT CAPITAL CITIES OF SYDNEY, THAT INCLUDE THE
FINANCIAL CAPITAL SYDNEY AND CANBERRA, THE PRICES ARE STILL
UP BY ABOUT 8% SINCE THE PREVIOUS YEAR. EVEN THOUGH THE
RESERVE BANK OF AUSTRALIA HAS INCREASED THE INTEREST RATES
SINCE THE MAY THIS YEAR, EXPERTS ARE SPECULATING THAT THAT
THE INTEREST RATES WILL INCREASE BY ANOTHER 25 BASIS POINTS.
THIS CAN LEAD TO FURTHER WEAKENING OF THE PRICES UNLESS
THERE ARE SUPPLY SIDE CURBS IN THE AUSTRALIAN MARKET.

6. THE GOVERNMENT HAS ALSO WITHDRAWN THE FIRST HOME BUYER
GRANT AND THE HOME APPROVALS HAVE SIGNIFICANTLY DROPPED BY
AROUND 5% IN AUGUST THIS YEAR, AS COMPARED TO 2009. THE FIRST
TWO QUARTERS THIS YEAR HAS SEEN A PHENOMENAL INCREASE THIS
YEAR WHICH STARTED IN THE THIRD QUARTER OF 2020. THE JUMP IN
IN AUSTRALIA WAS AROUND 15% AFTER ADJUSTING FOR INFLATION
AND SEASONAL TERMS. THE INTEREST RATES HAVE BEEN HIKED TO
PREVENT THE REAL STATE CRASH THAT HAS PREVAILED OVER
EUROPE AND THE US REAL MARKETS.

7. THE AUSTRALIAN RENTALS HAVE DROPPED QUITE STAGGERINGLY
THIS YEAR AND NOW STAND AROUND 4.3% AS COMPARED TO ABOUT
8% IN 2022. THE AUSTRALIAN RENTALS EVEN IN SYDNEY ARE QUITE
LOW AND IN LINE WITH THE INTERNATIONAL RENTALS THIS YEAR.

8. DFF