The Reserve Bank of Australia’s decision to again raise the cash rate will further slow national house price growth, according to the Real Estate Institute of Australia (REIA). Despite the forecast value decreases, induced by the board’s verdict to lift the cash rate by 50 basis points to 1.85 per cent delivered at its monthly meeting on […]
A major network has acknowledged that the latest rate decision from the RBA will have a knock-on effect on the traditional spring selling season. LJ Hooker Group believes that the latest interest rate rise is unlikely to bring a rush of listings in Sydney and Melbourne especially — and could even mean that fewer properties do hit […]
For the sixth consecutive week, the nation’s combined capitals have registered a preliminary clearance rate of below 60 per cent. A 2.4 per cent increase in auction activity, which saw 1,667 homes go under the hammer nationwide, was not enough to stop this slide. So far, the combined capitals are reporting a preliminary clearance rate […]