It was great news for mortgage holders that the Reserve Bank of Australia held interest rates this month. While it’s possible rates may increase a bit more, house price growth is now firmly entrenched with Australian house and unit prices now exceeding their 2022 peaks.
Buyer activity continues to increase and we’re seeing this most clearly through Ray White auction data. The number of people bidding at auction is now back to where we were in April 2022. The number of active bidders remained stable in June, rather than increasing, perhaps due to the surprise interest rate increase at the start of that month.
We hope you enjoy this month’s Ray White Now and we look forward to providing you with more property market information in 2023.
Source: Ray White
Australian property prices continue to demonstrate resilience with modest monthly growth across February 2025. House prices recorded a 0.2 per cent monthly increase, bringing the national mean to $909,617, while unit values rose by 0.2 per cent to reach $675,820. The market’s steady performance reflects ongoing supply constraints balancing against … Read more
This festive season, Ray White will continue its successful charity drive ‘A Little Ray of Giving’ for the thirteenth year running. This holiday campaign is a tradition for the brand, and serves as an opportunity for hundreds of local branches to connect with their communities while raising awareness and much-needed … Read more