Property Market Takes An Early Break, As Prices Ease…

The latest auction clearance rates data confirms what we already knew, the traditionally busy spring selling season is ending with a whimper as it falls to the lowest this year amid weak buyer demand. Of course, clearance rates are a poor proxy for property market health, but the low quality of many listed properties, combined with over aggressive pricing are part of the story. Add in expectations of higher for longer interest rates with ANZ pushing out a rate cut to May 2025, “We are shifting our view on the start of the RBA’s easing cycle from February 2025 to […]