We saw August records tumble, selling $4.61 billion of property during the month – our highest ever August result. This is a 25% increase on the same month last year, showing the real estate market continued to march on in August, despite lockdowns in Victoria and New Zealand.
Read the full August White Report: Ray White Now Vol. 17 – 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