Properties in capital cities are being sold at record-breaking speed with days on market at an all-time low, according to research by RP Data. On average, houses took 38 days to sell last year, the lowest turnaround time since data tracking began in 2005. By comparison, houses spent an average of 56 days on market […]
Rates Remain on Hold.
The Reserve Bank of Australia (RBA) has decided to keep the cash rate at 2.5 per cent for November. RP Data national research director Tim Lawless said the decision to hold the cash rate steady came as no surprise. “From a housing market perspective, the current rate setting is clearly having the intended effect of […]