In this months Ray White Now, we take a look at what you should consider if you’re looking to sell. Price growth continues to accelerate but we’re starting to see days on market increase, a sign that there’s a growing gap between buyer and seller expectations. In addition, the first set of finance restrictions came into effect at the start of November – at present, they are light touch but may be ramped up at the start of 2022.
In our state by state analysis, we hone into luxury markets around Australia. Luxury homes did far better during the pandemic than they otherwise would, driven by cheap finance, high savings rates and of course, some business types that did far better because of the pandemic. Every decade, the median of our most expensive suburbs have increased by $1 million however over the past decade, they have catapulted $2 million ahead.
Every time there’s price acceleration, commentary around house price bubbles ramps up. This month we take a look at when Australia has experienced house price bubbles, and what has driven them. More importantly, we discuss whether we’re currently in a house price bubble.
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The Easter long weekend is just around the corner, and our team is looking forward to a short break to recharge and spend time with loved ones. Before we head off to enjoy some chocolate eggs and hot cross buns, we wanted to share our holiday hours with you. Our … Read more
Rate Rise Meets Housing Shortage The Reserve Bank of Australia has officially increased the cash rate by 0.25 percentage points. This decision follows a re-acceleration of inflation to 3.8%, with underlying inflation still sitting above the RBA’s preferred 2%–3% target band. What does this mean for the property market? While … Read more