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
Nerida Conisbee Ray White Group Chief Economist What leads to some suburbs being more popular with younger buyers than others? Suburbs have a pretty standard timeline. New homes are built, young families move in, those families age. Then the next generation moves in. But not all established areas experience the … Read more
Nerida Conisbee Ray White Group Chief Economist The Australian housing market is experiencing a notable shift, with affordability driving unexpected trends across different property types. Affordable house price growth is now outpacing the luxury market. While the opposite is now occurring for apartments. The traditional outperformance of luxury homes in … Read more
Nerida Conisbee Ray White Group Chief Economist Nationally, auction numbers are up, the number of people actively bidding is falling and this is causing a fall in clearance rates. All of this adds up to a slowing market, and price moderation or even falls. However, this does ignore that there continues … Read more
Whitsunday Regional Council Mayor Ry Collins today officially opened the new solar array at the Collinsville Water Treatment Plant (WTP). Mayor Collins said the Collinsville Efficient Resilient Solar Program, which was jointly funded by Council and the Australian Government, was a valuable project for the Collinsville and Scottville communities. “Close … Read more