Whilst the number of new listings to the market is trending down, confidence is brimming among buyers across our auctions last week where we witnessed one of our best weeks. Home loan commitments are also up 11.8 per cent from their level this time last year, illustrating the depth of buyer appetite.
Read more: Ray White Now Vol. 18
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