Nerida Conisbee,
Ray White Chief Economist
There were no surprises today that the Reserve Bank of Australia kept rates on hold. While concerns about a global banking crisis were a likely factor, it is good news that inflation is now pulling back quicker than expected. February inflation came in at 6.8 per cent. If this continues to come down over the coming months, it is likely that we are now at peak interest rates and the next change will be cut.
Housing remains the main driver of inflation, particularly construction costs. However, the rate of increase is slowing, primarily because the increase in the cost of building materials has eased. Rents, however, continue their rapid rise and are unlikely to ease anytime soon given a widespread shortage of homes. Other cost increases which have eased include food and automotive fuel.
By Commissioner for Body Corporate and Community Management on April 10th, 2025 Living in a community titles scheme can come as a surprise to many new residents. It can take some time to adjust. Perhaps the most striking difference is the proximity to others in your scheme. Life in a body corporate … Read more
Nerida Conisbee Ray White Group Chief Economist After a remarkably swift recovery in January 2025, Australia’s property market faces several possible paths as global economic uncertainties continue to evolve. While structural factors like persistent housing undersupply create a solid foundation for long-term growth, various scenarios could play out over the … Read more