Sell with Confidence
Read More
News

Interest rates kept steady

By Mona Young

The Reserve Bank of Australia again kept interest rates steady and said recent economic developments had strengthened its view that rates can remain low for some time to come. They cited a pick-up in housing and consumption that was offset by a subdued labour market and slow wage growth.

The RBA also states that despite the fall in the local dollar to date, they anticipate further falls as the currency remains high for historical standards. Further falls will help to stimulate growth and investment from offshore, which is likely to further fuel housing prices and demand.

Auction clearance rates remain high at 87% for March, limited stock and strong buyer demand continues to drive this outcome.

Up to Date

Latest News

  • Lane Cove real estate weathering the storm

    Sydney has been the market most visibly impacted by the Covid-19 period. The number of suburbs showing growth has dropped sharply and danger markets have doubled.We’re starting to see the emergence of a two-speed market, with suburbs near CBD centres that have a higher proportion of owner occupied properties showing … Read more

    Read Full Post

  • Renewed global real estate activity

    Savills Research have recently completed a global survey on real estate market sentiment. This was a survey to agents across a range of markets. In a promising result for property markets globally, 78 per cent of respondents said that most or almost all of the buyers in the areas … Read more

    Read Full Post