RBA may pause in April This week we will catch up on the latest real estate figures, review the latest quarterly economic consumption data and compare the effect of interest rate rises between 1990 and 2023. Demand for Perth property remains strong, with REIWA reporting 1,123 sales two weeks ago and 871 sales last week.…
Interest rates increase 0.25% This week’s big (unsurprising) news was the Reserve Bank of Australia’s (RBA) decision to raise the cash rate again by 0.25% to 3.35%. This increase makes the current cycle of nine increases the most severe since monetary policy brought inflation into the RBA’s 2-3% target range in 1991. The following chart…
Perth Christmas sales & listing results Perth weekly property sales rebounded from the typically quiet Christmas period, with sales jumping from 203 transactions to 456. This year’s Christmas period trend aligns with the previous three years, as the Perth Christmas Sales chart illustrates, and the sales volume is not remarkably lower than last year, even…