The second annual PRD Annual Property Research Night was a huge success, with PRD’s Chief Economist Dr Diaswati Mardiasmo, more affectionately known as Dr Asti, speaking about the Royal Bank of Australia and local property predictions.
With almost 70 people in attendance, the second annual PRD Property Research Night was well received with attendees feeling both inspired and reassured by Dr Asti’s comments and predictions.
“We are passionate about where we live in the Whitsundays and about bringing the information that matters to us, which is why we put this night on,” said Annette Neil, CEO of PRD Whitsunday.
Dr Asti is uniquely positioned to be able to talk about the RBA and economic trends, being a PRD Chief Economist and an RBA Liaison Partner, meaning she represents housing and property when meeting with the RBA every quarter.
Covering everything from inflation and cash rate forecast to a Whitsunday region property market review, Dr Asti communicated a resilient and undeterred economy, predicting that inflation will steadily decrease over the next year.
“We covered what is expected for the cash rate, especially the next three to six months, where the RBA is going to take us,” explained Dr Asti.
“How that’s going to impact a lot of people’s mortgages, their household budgets, and how all this has a multiplier effect on the real estate market.”
The evening also discussed property investment, geared towards owner occupiers and investors.
Dr Asti said that six months ago, the push was for first home buyers, but that has shifted towards investors, to ease the rental crisis.
“A lot more people are now being more inquisitive about properties, what are the comparables, how long has it been on the market, because this is the biggest purchase they may ever make,” she said.
“It’s no wonder people are being more inquisitive and wanting to make sure that they have the right information and as much information as possible.”
PRD’s Chief Economist Dr Diaswati Mardiaso and Annette Neil, CEO of PRD Whitsunday. Photo credit: Bronte Hodge
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