Welcome to Ray White Now – February 2024. Each month, we take a deep dive into our data, with a focus on:
We hope that this analysis will give you and your customers a holistic view of the market in order to spur effective conversations around price expectations, method of sale, and when (and why) to come to market.
Open home attendance data reveals how quickly buyers respond to policy changes. The week following the RBA’s rate decision saw attendance decline nationally, though the depth of softening varies significantly by market. Understanding how buyers respond to interest rate changes requires more than watching price movements alone. While price data … Read more
The Reserve Bank has raised the cash rate by 0.25 percentage points today, responding to inflation that remains above target and an economy that continues to run too strongly for the Bank to be confident price pressures will keep easing on their own. Inflation surged late last year and, while … Read more