Ray White Now 2025 – Local Reports
Click here to view the Airlie Beach report. Click here to view the Proserpine report. Click here to view the Bowen report. Click here to view the Whitsunday report.
Globally we are continuing to see rates on hold however there remain concerns around inflation remaining sticky. In the US, the Federal Reserve left interest rates on hold this month after inflation increased slightly but did warn that it would keep increasing if need be. Nevertheless, markets are expecting cuts to start towards the end of next year.
Surprisingly, UK inflation is coming down, despite stubbornly rising power prices. The Bank of England maintained rates, ending a run of 14 consecutive rate rises even though inflation remains a lot higher than other countries.
There are some exceptions where rate rises will continue at a rapid rate. Turkey’s inflation rate is now at 59 per cent with interest rates at 25 per cent after a failed attempt to solve inflation problems by cutting rates last year when inflation was rising rapidly. Argentina’s inflation is at 124 per cent and interest rates are at 118 per cent after the government resorted to printing money to try to provide economic support.
Click here to view the Airlie Beach report. Click here to view the Proserpine report. Click here to view the Bowen report. Click here to view the Whitsunday report.
Australia’s housing market shows two-speed performance. Major east-coast capitals stall while Perth, Adelaide and regional areas continue climbing. Supply shortages fuel outperformers as auction competition cools nationwide. Australia’s housing market levelled out in November, with both national house and unit prices unchanged over the month at $940,000 and $710,000 respectively. … Read more