Happy New Year! Although we are already a full calendar month into the New Year, the Real Estate year has only really just begun. And,The Chinese New Year. Last weekend was our first weekend back of reported Auctions and this Saturday will see the return, possibly, of loads of listings hitting the web. However, while … More Sydney Market Commentary FEBRUARY 2nd
Well, as was expected, the RBA has kept the official cash rate on hold at 2%. This comes at a time where the Property ‘industry’ is contributing more to the Australian economy than mining, I am unclear on the figures, at least not clear enough to quote them. There has also been growth figures thrown … More RBA CASH RATE COMMENTARY
There seems to be a mixed view of the RBA’s choice to keep the official cash rate on hold at 2% after the meeting earlier this week (2nd February). While a lower interest rate would spark commentary about a damaged economy in need of support, a raised rate would be taken poorly by the capital … More INTEREST RATES COMMENTARY 4TH FEBRUARY
I don’t think so. It has been over a week since the market confidence in a rate cut turned from above 10% to below 10%, sitting at 8% currently. This is an indicator of expectations as to whether the Reserve Bank of Australia will drop interest rates to 1.75%. Notably, this morning I was reading … More Interest rate cut?
Market confidence in another rate cut is at a very low, currently tracking at 19% in favour of a rate cute. … More RBA commentary – Market confidence in another rate cut is very low, currently tracking at 19% in favour of a rate cut.
It would seem that low interests rates have aided in buyer confidence in the new year. With the announcement last week of interest rate cuts and speculation of further cuts before an inevitable period of stagnation, the consumer confidence spike looks like growing a little further. Of course low interest rates ironically indicate some level … More SYDNEY AUCTION RESULTS – 7TH FEBRUARY
Although it is premature, and remiss, especially as a Real Estate Agent, to predict some sort of global crash, in any market, it is certainly a popular speculation with the American stock market wrap this morning (Australian time) – All American fed global markets closed down. We have all heard stories from people who bought property in the … More Bull Market?
Thomas Merriman 