Nerida Conisbee, Ray White chief economist You may have a little bit of luck in Sydney and Melbourne but elsewhere, prestige is still recording price rises. Interest rates are on the move, prices are slowing but at a suburb level …
Time to grab a bargain in our most expensive suburbs? Nerida Conisbee, Ray White chief economist You may have a little bit of luck in Sydney and Melbourne but elsewhere, prestige is still recording price rises. Interest rates are on …
Nerida Conisbee, Ray White chief economist Since the start of the year, properties are staying on the market longer. Days on market have increased. Overall, the increase has been minor, increasing from 22 days to 24 days however some cities …
This week, 260 guests from across the Ray White Rural and Livestock network were able to meet in person for the first time in three years to recognise the achievements of the top offices and individuals throughout the leading network. …
David Koch is a household name primarily due to role as co-host of Australia’s highest ranking breakfast show, Sunrise. Sunrise however is only part of David Koch’s day job and his streaming service Ausbiz is Australia’s leading provider of live …
The backbone of any real estate office, Ray White admin staff gathered to learn about how they can better support their teams at the Connect 2022 conference admin break out sessions. The first admin breakout session was hosted by Ray …
Rate rises are now coming in quickly with the cash rate having risen from 0.1 per cent in April to 1.85 per cent this month. Interest rates are now the highest they have been since 2016. And while these increases are not unexpected, with debt levels at record highs, there is … Read more
Nerida Conisbee, Ray White chief economist Last week, June inflation came in at an eye watering 6.1 per cent, driven primarily by sharp rises in fuel prices, construction costs and furniture. To anyone who drives a car, is building or …
Nerida Conisbee, Ray White chief economist Australia’s median house price increased by 32 per cent from March 2020 to December 2021, making it the fastest period of price growth we have ever experienced. Since the end of last year, the market has slowed …
The Reserve Bank of Australia (RBA) has continued its trend of increasing the cash rate, moving it for the third month in a row from 0.85% to 1.35%. According to our data, all lenders in our panel increased variable interest rates on home loans in line with the cash rate … Read more
William Clark, Ray White economics team With the number of seats taken by independents with a “green-focus”, as well as candidates in the green party itself at the May election, it is clear that environment and sustainability are front-of-mind for …
Matt Sabin, Customer Experience Manager With so many customer experience measurements and terminology, it’s easy to get confused and wonder why NPS? What’s its purpose and what benefit does it bring? NPS (net promoter score) is a metric developed by …
William Clark Ray White Economics / Data Analyst In the wake of the Reserve Bank of Australia’s cash rate decision today, we examined the state Australia is in, and qualify it against New Zealand’s efforts to curb inflation. With house prices taking a dip this month in some markets, what do further rate rises have in … Read more
We now have a new Federal Government. What does it mean for property? Nerida Conisbee, Ray White Chief Economist We now have a new Federal Government and with that comes change in leadership, policies and the way the country is run. The changing of the guard also comes at an interesting time … Read more
Interest rates are on the move but is a housing downturn being overstated? Nerida Conisbee, Ray White chief economist The days of ultra low interest rates are well and truly over and we are likely to see rate rises for the remainder of the year. Rate rises won’t fix block … Read more
All data coming out about the construction industry shows ongoing challenges. Construction costs are up nine per cent, the highest rate recorded excluding the year the GST was introduced. Construction industry insolvencies are up 30 per cent over a 12 month period. And with migration only just starting up again, … Read more
Who has the better first home buyer policy? Nerida Conisbee Ray White, Chief Economist With less than a week until the election, the Liberal Party yesterday introduced two more policies relating to housing. The first policy was an extension of the downsizer scheme introduced in 2017-18. The second policy announced allows … Read more
Are we at the start of a downturn or just a more normal market? House price growth has never been as fast as it was over the past two years. Clearly the increase experienced could not have kept going – if it did, Australia’s median house price would be well … Read more
Weekly Property Update 3 May 2022 Nerida Conisbee Ray White Chief Economist This week I take a look at the things that we all need to remember at a time of rising interest rates. Nine things to consider as interest rates rise Although I am 100 per cent sure that … Read more
Inflation hits 5.1% – what does it mean for property? Nerida Conisbee, Ray White chief economist No doubt you have noticed when buying petrol or your groceries that things are getting expensive. It has now been confirmed. Inflation hit 5.1 per cent for the year to March 2022, the highest … Read more