The housing downturn is now broadening across cities and price points. How far prices can fall from here depends on a variable that most of the conversation has not caught up with: the cost of building a replacement home. Australia’s housing downturn is now underway. Higher interest rates have reduced borrowing capacity, lifted mortgage repayments … […]
Average open home attendance has nearly halved in a year. The decline was well underway before the Budget and has continued since. Whether it has now found a floor is the question the latest weekly data is starting to answer. Open homes have become noticeably quieter. Across Australia, average attendance fell to 2.1 people per … […]
The Reserve Bank has left the cash rate unchanged, choosing to balance persistent inflation pressures against growing signs that the economy is slowing. While inflation remains above target, the latest data suggests some of the drivers behind recent price increases are beginning to ease. Annual inflation fell from 4.6 per cent to 4.2 per cent … […]
The latest listings data shows a clear split opening up in the housing market: more homes for sale, but fewer homes available to rent. This is not yet evidence of the full impact of the Federal Budget or the proposed negative gearing changes. The data only runs to the end of May, and the budget … […]
The Federal Budget has confirmed a major shift in housing tax policy, with negative gearing to be limited to new builds and CGT changes designed to reduce the tax advantage of investing in property. The intent is clear: reduce investor competition for existing homes and redirect capital into new housing. But while this may be … […]
By Nerida Conisbee | More about Nerida Conisbee When housing markets cool, the assumption is affordability improves. But affordability depends on factors beyond price – it’s determined by what new housing actually costs to deliver and how much supply that enables or constrains. Australia’s housing market is starting to cool. Monthly price growth has slowed, and … […]
By Nerida Conisbee | More about Nerida Conisbee What the RBA’s decision in March means for you if you’re looking to buy or sell. The Reserve Bank lifted interest rates again on 17 March by 0.25 percentage points, but what does that actually mean for you if you’re looking to buy or sell? Here’s three things … […]
Easter is coming! Enter for your chance to win 1 of 6 hampers full of Easter Treats! Simply colour in the Easter character and return it by Tuesday 31st March Ages 2 – 14 Entries can be dropped into our Ray White Langwarrin office located Shop 5b, Gateway Shopping Centre, Langwarrin or email langwarrin.vic@raywhite.com. Conditions: Prizes must … […]
Open home attendance data reveals how quickly buyers respond to policy changes. The week following the RBA’s rate decision saw attendance decline nationally, though the depth of softening varies significantly by market. Understanding how buyers respond to interest rate changes requires more than watching price movements alone. While price data shows where the market has … […]
The Reserve Bank has raised the cash rate by 0.25 percentage points today, responding to inflation that remains above target and an economy that continues to run too strongly for the Bank to be confident price pressures will keep easing on their own. Inflation surged late last year and, while it eased again in December, … […]