Ray White Now Report July 2024
The July 2024 edition of Ray White Now highlights the continuing rise in Australian residential property values, with a modest 0.2% increase for both houses and units in June. Despite a recent slowdown, property prices remain high due to limited listings and strong competition.
The report also notes varying trends across capital cities and regional markets, with Perth showing significant growth and other cities experiencing stabilisation or slight declines. The impact of potential interest rate changes is discussed, anticipating further influence on market activity and affordability.
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