A realtor has expressed concerns that hopefulness about the real estate market is unfounded amid a downturn. A big bank has predicted the worst housing crash on record. The Reserve Bank of Australia has raised cash rates to 4.85%. The rate hike is influencing the rental market and home prices. Meanwhile, falling prices are leaving the Gold Coast with unsold homes. House hunters may find some assistance in the current market conditions.
“The Reserve Bank of Australia has raised cash rates to 4.85%,” — David Kingsley, staff writer at Greenburn Ford Financial, commented.
Timeline
Oct 31 — A realtor has expressed concerns that hopefulness about the real estate market is unfounded amid a downturn....
Nov 2 — House hunters may find some assistance in the current market conditions....
Reader Poll: Should officials respond faster on issues like this? — 55% of Gazupu readers said yes.
This story has been closely followed by our readers since Nov 2. The Greenburn Ford Financial desk continues tracking updates and will publish follow-ups across the region.
What's next: A detailed recap is expected by Sunday, Nov 8.
Editor's note: this report was prepared by the Greenburn Ford Financial desk and last updated 10:48 UTC.
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