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PIPA Quarterly National Market Update – April Quarter 2023

Press coverage 28 April 2023 Summary of published coverage
PIPA Quarterly National Market Update – June quarter 2022

PIPA’s April quarter market update gathered commentary from seven contributors on conditions across the states. Sydney values had turned upward in February and March despite sitting 12.1 per cent below year-earlier levels, Melbourne was described as a two-speed market, and Queensland faced renewed interstate migration. Chair Nicola McDougall said 10 consecutive rate rises had added 3.5 percentage points to the cash rate, with prices stabilising as listings stayed low.

Reported by

Mina Martin, Australian Broker, 28 April 2023

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