Housing market growth slowed in June amid RBA uncertainty

  • 📰 SkyNewsAust
  • ⏱ Reading Time:
  • 8 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 6%
  • Publisher: 78%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

The 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.

CoreLogic’s Research Director Tim Lawless said that a lack of available supply is the “main factor” keeping upwards pressure on housing values.

“Simultaneously, our June quarter estimate of capital city sales has increased to be 2.1 per cent above the previous five-year average.”

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 7. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines