Last Saturday, the Ray White recorded a whopping 5.7 registered bidders per property showing stock levels are struggling to keep up with intense buyer demand. We expect property activity for the balance of the year to be stronger than it was pre-COVID. There is a natural window open, between now and Christmas, that offers an opportunity to sell into a strong market. We simply do not know what the future holds in 2021, but right now listing activity is being welcomed by extraordinary buyer demand. What are you waiting for?
Continue reading: Ray White Now Vol. 23 – Digital
Australia’s property market continues responding to the interest rate cutting cycle, with August showing sustained momentum following the initial rate reduction. National house prices reached $961,000, while units achieved $710,000, reflectnig the robust annual growth of 7.9 per cent and 6.4 per cent respectively. The Ray White Now monthly report for September … Read more
RBA cuts rates 0.25 per cent to 3.6 per cent as inflation sits within target band and unemployment rises to 4.3 per cent. Housing market momentum to strengthen with $750k mortgage saving $155 monthly. The Reserve Bank of Australia has delivered a 0.25 per cent cut to the cash rate … Read more