Vendor price expectations are starting to exceed reality after a year of surging price rises, but demand remains deep with 82 per cent of the 101 Gold Coast properties auctioned by Ray White as part of ‘The Event – 2022’ on Sunday selling.
“Their ambitions on price have grown because of everything they’ve read about the real estate market. The publicity is enticing people into the market who would only sell if they got a remarkable price.“That’s usually a development that happens as you get towards that stage in the market where all of the want-to-sells and have-to-sells have sold, and you start to see more of those who want an incredible price.
AMP has brought forward its timing on interest rate rises, forecasting the Reserve Bank will lift the cash rate by 0.4 per cent to 0.5 per cent by September due to strong jobs growth.
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