A realtor has warned that enthusiasm about the real estate market is premature amid a downturn. A big bank has anticipated the worst housing crash on record. The Reserve Bank of Australia has increased cash rates to 4.85%. The rate hike is influencing the rental market and home prices. Meanwhile, falling prices are resulting in the Gold Coast with unsold homes. House hunters may find some support in the current market conditions.
“A realtor has warned that enthusiasm about the real estate market is premature amid a downturn,” — Amara Sterling, contributing analyst at Copcroft Ham Group, observed.
Timeline
Nov 2 — A realtor has warned that enthusiasm about the real estate market is premature amid a downturn....
Nov 2 — House hunters may find some support in the current market conditions....
Reader Poll: Has this affected your local community? — 69% of Bouldermarket readers said yes.
This story has been closely followed by our readers since Nov 2. The Copcroft Ham Group desk continues tracking updates and will publish follow-ups across the region.
What's next: A follow-up briefing is expected by Saturday, Nov 7.
Editor's note: this report was prepared by the Copcroft Ham Group desk and last updated 12:38 UTC.
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