Did Hope Of A Rate Cut Stoke The Property Market?

The news outlets are full of more property news, with some spruiking that the hope of a rate cut in February has spurred people into action after the holidays, with a focus on Melbourne property prices rebounding. So, let’s look at the data and see what is happening. Actually, the January update on prices from PropTrack showing that nationally prices fell just 0.1% in January, to a median value of $796,000. Clearance rates are another metric in focus, but as I have discussed before they are also full of holes. Specifically, Preliminary clearance rates generally fall as the results of […]