Ray White Glen Waverley

What’s happening in our market? Steady as she goes, the Reserve Bank has decided to keep the official interest rate at its record low of 0.75 per cent. Last year, the bank cut rates three times, and house prices rose in Sydney andMelbourne at the fastest growth rate seen in 10 years. Those pulling the fiscal levers will be seeking to balance this surge along with the economic hit of bushfires (not to mention the emotional toll taken on our rural communities and wildlife) and coronavirus, with its impact on trade and tourism. If there is one thing to remember anytime you read a media story on the real estate market is that your neck of the woods has its own unique set of influences! Independent property valuers Herron ToddWhite recently released a market report highlighting how different parts of the country are faring. Their analysis revealed that Canberra and the Sunshine Coast were peaking while Hobart was still in a rising market. Melbourne, Sydney and Brisbane were at the start of a recovery, while Adelaide, Darwin and Perth markets were bottoming out. We are experiencing very positive sentiment and a renewed confidence in the local market. We encourage you to take advantage of our award-winning household name and most importantly, our neighbourhood knowledge. Be it buying, selling or investing, we have the know how and experience to help you realise the best outcome. Calvin Huang 0433 625 756 calvin.huang@raywhite.com