Capital city auction activity is set to reduce by -4.9% week-on-week with 1,850 homes expected to go under the hammer, down from the 1,945 auctioned last week.

Should you go and grab the nearest coin to make a decision?  We don’t think you need to do that. But you should look at the key finding from the study. 

77 Bower Street Manly sold by Anthony Calacoci and Luke Burgess of Belle Property also set a new Manly suburb record.

The June cash rate decision doused hopes for many Australians that rate hikes were nearing an end. It prompted the major bank economists to reset their forecasts for the terminal cash rate to at least 4.35%, dragged on consumer sentiment, and may take some steam out of the recent housing market recovery.