Inflation has now been within the Reserve Bank of Australia’s (RBA) target for two quarters and finally they have decided to cut. Why the hesitation? The main issue was that the economy remained relatively stable. In particular unemployment remained low and as yet, there are no immediate signs of recession. In … Read more
Nerida Conisbee, Ray White Chief Economist The transition from stamp duty to land tax represents one of the most significant potential reforms in Australian property policy. While the economic benefits are clear, most state governments remain hesitant to implement such a major change. New Zealand made an immediate transition in … Read more
Nerida Conisbee Ray White Group Chief Economist Australia’s housing market has staged a remarkable recovery in January 2025, bouncing back to growth after just one month of price declines. This swift reversal could potentially rank among the shortest market downturns on record. The resurgence appears to be driven by several … Read more
The Australia Day Awards have been announced and presented and a big congratulations to Matthew Stokes from Plants Whitsunday for his work within the community in particular, Suicide Prevention. “The Whitsundays’ best and brightest gathered at the Proserpine Entertainment Centre on January 26 to recognise and celebrate the winners of … Read more
Nerida Conisbee Ray White Group Chief Economist When it comes to Australia’s most expensive locations, the old money suburbs aren’t budging. Bellevue Hill, Point Piper and Rose Bay continue to top the list of most expensive suburbs for luxury homes in Australia. The top 10 per cent of these markets … Read more
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. The hold is disappointing but reflects the relative strength of our economy, particularly compared to … Read more
By Sebastian Holloman 26 November 2024 | Article Credit After months of delays and uncertainty, the Labor government’s shared equity scheme has successfully passed through the Senate. Following the Greens’ reversal of its party stance and subsequent support for the Help to Buy and Build to Rent housing bills, the Help to Buy … Read more
Nerida Conisbee Ray White Group Chief Economist 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. This deceleration in price growth reflects … Read more
Nerida Conisbee, Ray White Chief Economist 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. There are two distinct markets … Read more
By Commissioner for Body Corporate and Community Management on November 13th, 2024 The rising cost of living within Queensland has lot owners questioning how far their wallets can stretch. Many of our clients have been calling and asking what is involved with self-management. Bodies corporate are not required under the legislation to … Read more