Ray White Auction Wrap - Auction volume keeps building with 845 auctions
Ray White’s top auction sale of the day was in Sydney’s inner west. The stunning converted warehouse at 2 Gilpin Street Camperdown sold for $3.75 million through Ray White Glebe principal Matthew Carvalho.
I’d like to wish everyone a happy new year and offer some insights as to what may happen in the property market in 2024, John McGrath, Chief Executive Officer of McGrath Estate Agents.
Slaying of the inflation dragon as CPI index trends down to 4.3% - REIA
Real Estate Institute of Australia (REIA) President, Leanne Pilkington said the November figure continues the downward trend in inflation - 5.4% in the September quarter, 6% in June quarter and well down on peak of 8.4% in December 2022. “The thirteen rate hikes by the RBA since May 2022 are...
The Agency's CEO Geoff Lucas said interest rate decision came largely as expected, following last week’s encouraging CPI figure of 4.9 per cent, which followed, 5.6 per cent and an expectation of 5.2 per cent.
The latest ABS data shows that the Consumer Price Index rose 4.9 per cent in the 12 months to October 2023, down from 5.6 per cent in September and below the peak of 8.4 per cent in December 2022.
REIA cautions RBA against taking a flutter on rate rises
The Real Estate Institute of Australia (REIA) President, Mr Hayden Groves, has welcomed the return of investors and first home buyers with the release of today’s ABS Lending Statistics and has cautioned the RBA to consider the evidence moving into the Cup Day RBA Monthly Board Meeting.
The Agency's CEO Geoff Lucas said today’s interest rate decision came largely as expected, and will be welcomed by borrowers, recent data suggests there are increasing forces pointing to another increase before any cuts to rates.
The RBA kept the cash rate on hold at 4.1% for the fourth successive month in October, citing ‘a more sustainable balance between supply and demand in the economy’, but also ongoing concerns about inflationary pressures and a heightened level of uncertainty surrounding the economic outlook. ...