US Edition2024: A year of waning demand, rising supply and waiting for interest rates to fall
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With the interest rate outlook stabilizing and inflation starting to fall, Australian consumers believe that the time to buy a house is not the worst in the past three years. According to the Australian Domain real estate website, the Westpac-Melbourne Institute's closely watched housing opportunity index soared 21.7% in the three months to November.
Property Update
onthehouse.com.au2024: A year of waning demand, rising supply and waiting for interest rates to fall
In the face of elevated interest rates and global uncertainty, the Australian housing market demonstrated surprising resilience throughout 2024 with the number of home sales increasing 8% on the previous year, according to CoreLogic's Best of the Best report for 2024. The total number of home sales reached 528,000 nationally in the 12 months to...
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