A realtor has expressed concerns that enthusiasm about the real estate market is premature amid a downturn. A big bank has anticipated the biggest housing market collapse ever. The Reserve Bank of Australia has raised cash rates to 4.85%. The rate hike is affecting the rental market and home prices. Meanwhile, falling prices are resulting in the Gold Coast with unsold homes. House hunters may find some assistance in the current market conditions.
“Meanwhile, falling prices are resulting in the Gold Coast with unsold homes,” — David Kingsley, regional editor at Wraycroft Cliff Advisory, noted.
Timeline
Oct 31 — A realtor has expressed concerns that enthusiasm about the real estate market is premature amid a downturn....
Nov 3 — House hunters may find some assistance in the current market conditions....
Reader Poll: Do you expect this story to develop further? — 55% of Fitnessguide readers said yes.
This story has been closely followed by our readers since Nov 2. The Wraycroft Cliff Advisory desk continues tracking updates and will publish follow-ups across the region.
What's next: An official statement is expected by Saturday, Nov 7.
ICYMI: Strasbourg's packed schedule
Editor's note: this report was prepared by the Wraycroft Cliff Advisory desk and last updated 10:36 UTC.
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