Ep 98. October Market Update - Low Stock, RBA & 1st Home Buyers
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Ep 98. October Market Update - Low Stock, RBA & 1st Home Buyers
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This month we take a look at what’s really happening in the Sydney market. Stock is tight, with A-grade homes still selling and even B-grade getting results, but anything below that is sticking around longer. That’s why the average days on market has stretched from 28 to 35.
We also unpack the RBA’s decision to hold rates at 3.6%. We both think this was the right call and expect them to stay put for the rest of the year.
And finally, the new first home buyer program: only 5% deposit needed and no LMI. Sounds good, but in our view it’s more likely to push prices up and does nothing to fix the underlying supply problem.
#SydneyProperty #PropertyMarket #MarketUpdate #FirstHomeBuyer #SydneyRealEstate #RBADecision #BuyersAgent #SydneyHomes
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