John McGrath –With falling rates overseas, when will the RBA cut rates here?
Australian property continues to defy historical trends, with home values still rising in most capital city and regional markets despite today’s high interest rates.
ABS data shows that the Consumer Price Index (CPI) rose 3.6 per cent in the 12 months to April, following a 3.5 per cent rise in the twelve months to March and 3.4 per cent in the twelve months to February.
Budget 2024: REIA statement on ‘Homes for Australians’
The Real Estate Institute of Australia (REIA) has welcomed a focus on housing in Federal Budget 2024 with the ‘Homes for Australians’ plan but says it needs to be considered in the context of the entire Budget and the commitment to delivery by all three levels of...
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.
