Current Real Estate Trends: Ray White Now Report November 2023

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Current Real Estate Trends: Ray White Now Report November 2023

2023 continues to see rising property prices, with a persistent shortage of listings challenging buyers. While late winter brought a surge in listings, spring has seen fewer properties entering the market, pushing more buyers towards established homes.

Rental price hikes are also making renting less appealing. Both capital cities and regional areas are experiencing this growth, though some regional spots in New South Wales, Victoria, and Western Australia are facing price declines. The changing appeal of holiday homes, influenced by Airbnb restrictions and post-pandemic travel trends, is also impacting the market.

Want to find out more about the current market?

If you’d like to discuss the current market in the Rockhampton, Gracemere or Capricorn Coast region, get in touch with Melinda today for a no-obligation chat!

Melinda Kirby Profile photo on the Rockhampton CBD Riverbank

Article by Melinda Kirby

Melinda Kirby is a confident and motivated Sales Consultant at Ray White Rockhampton who understands the importance of strong relationships in achieving exceptional results.

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Melinda Kirby helping a seller with an appraisal of their property

Wondering what you property is worth?

The market has changed in the Rockhampton and Gracemere region. Book an appraisal with Melinda Kirby to find out where your property sits in value.