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
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 … […]