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?
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 … […]