Will property prices keep rising in 2023?
Soaring interest rates, mortgage cliffs, more households in financial stress; it seems whatever is thrown at the real estate market at the moment is brushed aside as property prices keep rising.
Property prices continue to defy a range of headwinds but for how long? (Image source: Shutterstock.com)
You kind of have to wonder what effect all these interest rate rises are having on very much at all?
There is no doubt they’re affecting low and middle income earners, with the average mortgage holder and renter now deemed to be in financial stress.
But property prices have continued to rise for five consecutive months, rents continue to skyrocket, retail spending goes on unabated and inflation refuses to budge.
Interest rates are rising
in re…
