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
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 … […]