5 big property trends to watch for in 2023, with Dr. Nicola Powell

As I look back at 2022, the year seems to have gone quickly for me, even though I know for a lot of people, it has been a slow and difficult year.

For those in property, it was a roller coaster year where we came to expect the unexpected.

We went from this time last year, the RBA declaring that “The Board is committed to keeping the cash rate at this level until 2024,” to ending up with 8 consecutive hikes this year.

That meant we moved from boom conditions at the beginning of this year, driven by ultra-low borrowing costs and strong demand to falling property markets around Australia, with fragmented markets as each state performed differently.

So, what’s ahead for us? What will 2023 bring?

That’s the question I want to discuss with my guest today, Dr. Nicola Powell, chief of research and economics at Domain.

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Michael Yardney

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Dr. Nicola Powell – Domain's Chief of Research and Economics,

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