Right now there’s a rush among buyers to secure a home before the end of the year which bolstered the property market last weekend. A shorter than normal hiatus is expected over Christmas this year. This year’s selling season will be extended with new listings continually being added to the market and auctions being booked right up to Christmas eve. Buyers say the cash rate cut is helping to boost confidence as they know their repayments will remain low for the foreseeable future. Demand has been strongest from first-time buyers and upgraders, many of whom are spending money on a house they might otherwise have used on overseas holidays, which have been stopped because of COVID-19.
Read more: Ray White Now Vol. 26 – Digital
Welcome to Ray White Now – November 2023 Despite more homes on the market and higher interest rates, capital city house prices continue to rise, nearing a $1 million median. Regional areas also show strong price growth. While spring listings have been limited due to higher rates and uncertainty, our … Read more
Welcome to Ray White Now – October 2023 Each month, we take a deep dive into our data, with a focus on: House price movements Listing activity Auction insights Market turnover We hope that this analysis will give you and your customers a holistic view of the market in order to … Read more