Australian house and unit prices continue their upward trend this month, albeit at a slower pace. Both housing types saw a modest 0.2 per cent appreciation. However, the market is exhibiting greater diversity across states and regions, reflecting varying local economic conditions.
July’s CPI results indicate a continued downward trend, approaching the target two to three per cent band, suggesting potential interest rate reductions in 2025. This has boosted optimism and is expected to lead to a busy spring sales period, with preliminary listing authorities showing a sizeable increase.
We hope you enjoy this month’s Ray White Now and we look forward to providing you with more property market information in 2024.
Source: Ray White
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Australian residential property values have continued their upward trend in recent months, though June saw a deceleration with both houses and units recording a modest 0.2 per cent monthly increase. The ongoing scarcity of available properties and limited listings has intensified competition, driving up prices in both capital cities and … Read more