Cash Rate Increase by 0.25%! National & Local Market Update – MPG
Cash Rate Increase by 0.25%! National & Local Market Update Weekly Real Estate Market Update with Leigh Martinuzzi MPG The RBA announced its ninth consecutive cash rate increase this week, raising it by 0.25% to 3.35%. Their attempts to pull back inflation continue, and, on all accounts, it appears to be working. It is causing […]
Property Booms Are More Supersized Than Downturns!
Property Booms Are More Supersized Than Downturns! Weekly Real Estate Market Update with Leigh Martinuzzi MPG The boom that saw the median house price in Australia bound over $1M was sure to come to an end, and it did! Property prices in Australia came to a peak in March 2022, when prices simply became unaffordable […]
A Quick Outlook at The Year Ahead with Leigh Martinuzzi MPG
A Quick Outlook at The Year Ahead Weekly Real Estate Market Update with Leigh Martinuzzi MPG We will likely continue to see a slowing market in 2023, with an expected bottom of the market towards the end of September. Experts are suggesting that we will see a top to bottom fall in property prices of […]
What We Can Expect in The First Half of 2023 – Market Update with MPG
What We Can Expect in The First Half of 2023 Weekly Real Estate Market Update with Leigh Martinuzzi MPG The property market here on the Sunshine Coast and across Australia is expected to remain slow for the first few months of the year. The main reason is the remaining uncertainty of where the cash […]
National Property Market Wrap for 2022 with Leigh Martinuzzi
National Property Market Wrap for 2022 with Leigh Martinuzzi Housing values across Australia end the year 2022 on a weaker note as prices fall over December by -1.1%. Property values for the 2022 calendar year are down -5.3%, which is recorded as the second biggest decline since 2008 when property values dropped by 6.3%. Regional […]
My 2023 Forecast & Final Posts for 2022 with Leigh Martinuzzi
My 2023 Forecast & Final Posts for 2022 Weekly Real Estate Market Update with Leigh Martinuzzi MPG Here is my forecast, or perhaps thoughts, for the Australian property market in 2023 and how it will affect us locally on the Sunshine Coast. I believe the RBA will struggle to find the balance between controlling inflation […]
The 8th Cash Rate Rise for 2022 – Market Update with Leigh
The 8th Cash Rate Rise for 2022 Weekly Real Estate Market Update with Leigh Martinuzzi MPG The RBA announced a further 0.25% cash rate increase this week as they continue to try to rain in rising inflation. This brings the current cash rate to 3.15% which will be passed on by all banks with […]
Christmas Festive Season Market Update with Leigh Martinuzzi
Christmas Festive Season Market Update Weekly Real Estate Market Update with Leigh Martinuzzi As we head into December, property prices are still on a downward trajectory. The year has proven a tough year for many property owners and buyers with the onset of a rapid increase in the cash rate. Since April, we’ve seen a […]
Sunshine Coast Prices Down 7.1% – 2023 Forecast
Sunshine Coast Prices Down 7.1% – 2023 Forecast Real Estate Market Update with Leigh Martinuzzi MPG In CoreLogic’s recent regional market update, they’ve highlighted, that in the last quarter, property prices on the Sunshine Coast have declined by -7.1%. On the average sale price in Palmwoods of $900,000, we may see prices drop by […]
Sunshine Coast Property Prices are Still UP Year-on-Year – MPG
Sunshine Coast Property Prices are Still UP Year-on-Year Weekly Real Estate Market Update with Leigh Martinuzzi MPG This spring is proving to be a very uncertain market to navigate for both sellers and buyers, with the cash rate continuing to have an impact on property transactions. However, on the Sunshine Coast property prices are […]