After the intense crazy year, record-low borrowing costs and government efforts to stimulate the economy, the Australian housing market finished 2020 on a high and is primed for further growth in 2021.
Read full article: Ray White Now – January Edition
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