With interest rates at all time lows and with banks being supportive of purchasers, we are seeing many buyers wanting to take advantage of these factors. Obtaining secure credit on excellent terms while they are available, is certainly influencing demand. This is not only the case with first home buyers, but across all sectors of the market. Fortunately, we continue to see confidence in buyers with job security working in industries not materially impacted by the current economic environment.
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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