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Interest rate commentary by Geoff Lucas
The Agency's CEO Geoff Lucas said the rate pause today is good news for the economy. It means the RBA has detected movement indicating the previous rate increases have begun to have an impact on the economy, and now wishes to assess more data to ensure the impact continues.
Steady rates and easing inflation should provide boost to consumer sentiment - CoreLogic
The RBA’s decision to hold the cash rate at 4.1% will be considered a welcome reprieve for many, but it doesn’t necessarily signal an end to the rate hiking cycle.
Ray White Burleigh Group expands to Coolangatta
Ray White Burleigh Group, one of the Gold Coast’s leading offices has opened in Coolangatta, linking the southern regions of the area.
Australia First as REIACT’s Auctioneering Championships Interpreted in Auslan
The Real Estate Institute of the Australian Capital Territory (REIACT) hosted the first ever Australian Auslan interpreted Auctioneering Championships.
The RBA has gone too far says HIA
“The number of loans issued for the purchase and construction of a new home has fallen to their lowest level since 2008, and the number of detached building approvals has fallen to its second lowest month since 2013. This is despite the urgent need to increase the supply of new homes,” stated HIA’s Chief Economist, Tim Reardon.
Perth house prices continue to climb - REIWA
“The median house price has been rising steadily all year,” REIWA CEO Cath Hart said.
CoreLogic Home Value Index shows growth easing in most regions as new listings rise - CoreLogic
CoreLogic’s national Home Value Index (HVI) rose 0.7% in July marking a fifth consecutive month of housing value recovery. Since finding a floor in February, the national HVI is up 4.1%, following a -9.1% decline from record highs in April 2022.
More wins for PropHero at the 2023 Proptech Awards
At the recent Australian Proptech Awards hosted by Proptech Association Australia, PropHero was announced as the winner of “Most Innovative Startup – Data, Analytics, Insights & AI.”
SA Metro Market Update – 2023 June Quarter
The South Australian property market has once again demonstrated its resilience and optimism by posting a new record median price once again and substantially increasing the volume of sales from the previous quarter.
Featured Property
Timeless 1,459sqm Indooroopilly riverfront for sale - Place
19 Ivy Street Indooroopilly for sale by Sarah Hackett of Place New Farm delivers a "rare" turn-key property with tennis court, pool, gym and private boat pontoon.
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