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
Inflation eased in June. Fuel prices drove most of the improvement. Strip them out and the picture the Reserve Bank is watching – underlying inflation, housing costs, the labour market – has not moved. The Reserve Bank has left the cash rate unchanged, choosing to wait for further evidence on whether the interest rate increases … […]
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 … […]