May 27, 2019

Real Estate Market News

What a Difference a Week Makes

So much has happened on a positive note over the last week. Firstly, the surprise election result has meant we will no longer have a change to the negative gearing policy. Secondly, APRA has proposed a favourable change to their serviceability buffer. And to cap the week off, there was a strong indication from the Reserve Bank Governor that interest rates will fall next month.

As I wrote last week, we have seen signs of the market stabilising – which was evident again on Saturday 25th May – and the feeling moving forward is exceptionally positive.

Marshall White achieved an impressive 74% clearance rate, well exceeding Melbourne’s Saturday clearance rate of 60%, according to Domain.