Welcome to Ray White Now – June 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.
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 … […]