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
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 … Read more
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 … Read more