What is the impact on natural disasters on property markets?
As California grapples with another devastating fire season and the Grampians region in Victoria faces its own bushfire challenges, questions arise about how these disasters impact property markets.
Inflation is now within the Reserve Bank of Australia’s target range, coming in at 2.8 per cent for the September quarter and 2.1 per cent for October. Despite this, the RBA remained on hold today.
House prices will continue to moderate until interest rates are cut
The Australian housing market is showing clear signs of moderation as 2024 draws to a close, with the national house price median reaching $898,745, up 7.7 per cent annually but with monthly gains easing to 0.4 per cent.
Interstate buyers continue to flock to Gold Coast and Brisbane but Melbourne is rising
Analysis of buyers at almost 10,000 Ray White auctions continues to show that Queensland's property market remains the strongest in Australia for both investors and people buying from other states.
House price growth is definitely slowing. However, conditions in the final quarter of 2024 are continuing to show a two speed housing market. And like any change in market conditions, at a city level, they have very different drivers.
We are getting close but unfortunately November was not the month for a rate cut. Although inflation is now within the target range, hitting 2.8 per cent last week, the RBA decided to keep rates on hold.
In any market, there is always opportunity, even in one where prices have risen as much as they have over the past two years. These are property types that I think are worth a look.