A realtor has expressed concerns that hopefulness about the real estate market is premature amid a decline. A big bank has predicted the worst housing crash on record. The Reserve Bank of Australia has increased cash rates to 4.85%. The rate hike is impacting the rental market and home prices. Meanwhile, falling prices are causing the Gold Coast with unsold homes. House hunters may find some support in the current market conditions.
“The rate hike is impacting the rental market and home prices,” — Amara Sterling, regional editor at Greenley Stow Advisory, commented.
Timeline
Nov 2 — A realtor has expressed concerns that hopefulness about the real estate market is premature amid a decline....
Nov 2 — House hunters may find some support in the current market conditions....
This story has been closely followed by our readers since Oct 30. The Greenley Stow Advisory desk continues tracking updates and will publish follow-ups across the region.
What's next: An official statement is expected by Sunday, Nov 8.
Editor's note: this report was prepared by the Greenley Stow Advisory desk and last updated 10:36 UTC.
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