Ray White Group Managing Director Dan White:
The central bank today dropped the cash rate after an emergency out-of-cycle board meeting to a record low of 0.25 per cent.
We’re calling on all the banks and lenders to pass on their rate easing in full, just as they did only 16 days after the latest rate cut.
Market forces set prices but we can help create the competitive environment through our skilled agents and marketing. There will always be people looking to transact.
Our members will always be able to create competition for our buyers and sellers in any market that we are faced with.
We are prepared and ready to work in this ‘new normal’ environment.
Source www.raywhite.com
By Nerida Conisbee · Chief Economist Investor lending for established property fell by 7,080 loans in the June quarter. Lending for new housing rose by 441. The policy is working on one side of the equation. The other side has barely moved. The May Federal Budget was designed to pull investors away from established properties and encourage … […]
By Nerida Conisbee · Chief Economist Home prices have fallen since the May Budget, but rents are still rising and new homes are getting harder to build. Here’s why falling prices could make the housing shortage worse. The housing market is now showing the first clear signs of the changes announced in the May Budget. Established home … […]