This month in Ray White Now, we take a look at the factors that drive price growth (or downturn). Interest rates and inflation play a huge factor, but we examine some underlying elements that will affect different parts of the country at different times.
We also look at the greenest suburbs in Australia based on data from Nearmap that analyses satellite images. Finally, as always, we discuss: why sell now?
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