News Formal

Housing market on ‘knife-edge’ despite rate pause

  • 📰 FinancialReview
  • ⏱ Reading Time:
  • 29 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 90%

Nederland Nieuws Nieuws

Nederland Laatste Nieuws,Nederland Headlines

The RBA’s decision to hold interest rate steady is unlikely to boost sentiment that was shaken by the bank’s move to increase rates twice after pausing in April.

is unlikely to bolster housing market sentiment, which has already been shaken by the central bank’s decision to increase rates twice since a pause in April, experts say.

AMP Capital chief economist Shane Oliver said any bump in housing market activity was likely to be short-lived.“The pause may set off the debate of whether interest rates have peaked, which might provide a degree of support and invigorate demand, but I think any lift will only be temporary,” Dr Oliver said.

Clearance rates also pulled back significantly across Sydney over the past weekend, dropping by 7.5 percentage points to 71.2 per cent. “I think if we see further rate rises in the coming months, then we could see sharper falls in clearance rates.”

Wij hebben dit nieuws samengevat zodat u het snel kunt lezen. Bent u geïnteresseerd in het nieuws, dan kunt u hier de volledige tekst lezen. Lees verder:

 /  🏆 2. in NL
 

Bedankt voor uw reactie. Uw reactie wordt na beoordeling gepubliceerd.

Nederland Laatste Nieuws, Nederland Headlines

Similar News:Je kunt ook nieuwsberichten lezen die vergelijkbaar zijn met deze die we uit andere nieuwsbronnen hebben verzameld.

Housing market growth slowed in June amid RBA uncertaintyThe housing market grew last month but the pace was slower, which has been attributed to a lack of supply and the uncertainty around the Reserve Bank’s cash rate decisions.
Bron: SkyNewsAust - 🏆 7. / 78 Lees verder »