The Reserve Bank Governor recently suggested that renters (and in City of Casey we are  not immune) can consider finding housemates or moving back into their parent’s homes to cope with the soaring mortgage repayments. However, little advice has been given to property owners who are struggling with their investment properties or their own homes.

With the anticipated reopening of borders for migrants and students, City of Casey and other municipalities are expected to experience a population growth of approximately 2%. Unfortunately, this will further strain the already challenging cost of living and housing crises, which will in turn exert additional pressure on inflation.

Although rising property prices typically indicate a positive state of the economy, From observations as the Director of Cassimaty Property Group in areas such as Cranbourne, Cranbourne West , Cranbourne East, Cranbourne North, Cranbourne South and Hampton Park just to name a few. The situation   is quite different. The high intake of migrants is concealing the true state of the local economy. The demand for housing from migrants, both for purchase and rent, is increasing without a corresponding increase in supply. As a result, property prices are rising, further exacerbating inflationary pressures on essential commodities such as food, cars, petrol, and more.

The lack of building approvals, coupled with the ongoing crisis faced by the building industry, spells bad news for Victorians. The financial experts are claiming that If you are a business owner, it is crucial to seek expert advice on streamlining your operations, improving efficiency, and maximizing profitability.

If you watch or listen to the news some of the largest corporations in the country are recording record profits, their senior executives enjoying substantial remuneration packages, many lower to middle-income Australians are struggling to make ends meet.

In light of these challenges, those currently grappling with mortgage and cost of living pressures, or those anticipating future interest rate increases, can take proactive steps to navigate this period. If your curious to know your properties value.

If your curious to know your houses value. Contact Cassimaty Property Group for an update on your property value.