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
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 … […]
Average open home attendance has nearly halved in a year. The decline was well underway before the Budget and has continued since. Whether it has now found a floor is the question the latest weekly data is starting to answer. Open homes have become noticeably quieter. Across Australia, average attendance fell to 2.1 people per … […]