Ray White Carnes Hill

24/10/2025

09/04/2025

Is there a right time to buy?

Timing may be something you need to consider when buying your first home or investment property.

Read more here: https://ow.ly/HRry50Vx80j

07/04/2025

Buyers were out in force on the weekend, keen to get started before the Easter season.

With 431 properties listed, the preliminary clearance rate was 74.1%, averaging 3.8 registered and 2.7 active bidders per auction.

Properties sold fetched an average premium of 10.44% above the highest pre-auction offer.

Read the auction wrap here: https://ow.ly/S03C50Vvqsy

04/04/2025

The RBA has kept interest rates steady at 4.1% this month, maintaining its cautious approach amid global uncertainties.

But what does this mean for the property market?

This decision comes after a 0.25% rate cut in February, which had previously boosted buyer demand and led to rising home prices across the country.

With rates on hold, the property market continues to show resilience, with national home values reaching new highs in March. However, affordability remains a critical constraint for many buyers.

Stay tuned for the next announcement around May.

02/04/2025

The Reserve Bank of Australia has decided to keep interest rates on hold.

What does this mean for you?
1️⃣ Our economy is holding up better than expected, with low unemployment and steady consumer spending keeping things ticking along.

2️⃣ The housing market? Still strong. After a dip in late 2024, property prices bounced back in January and are still climbing, just at a more measured pace.

3️⃣ There were talks of up to four rate cuts in 2025, but now expectations have dialed back to just two, possibly later this year.

What would trigger a rate cut?
If the job market weakens, it could be the tipping point for another cut. Plus, Australia’s close ties to China mean any slowdown there could shake things up.

For now, the RBA is playing the long game, keeping an eye on global moves while letting the local market do its thing.

Find out more here: https://ow.ly/vjnF50Vs2XT

31/03/2025

What will happen to interest rates tomorrow?

Here's what you need to know:

1️⃣ Will rates be cut or put on hold?
We saw rates being cut in February; however, we predict that interest rates will be put on hold tomorrow. Why? There isn’t enough economic data to suggest a rate cut is needed at this point.

2️⃣ How will this impact buyers and sellers?
If rates remain on hold, borrowing power stays the same for now. A cut would mean lower repayments, potentially increasing buyer demand. Sellers may see more competition if rates drop later in the year.

3️⃣ What will happen next?
For now, the market is pricing in two more cuts this year. But economic data can change quickly, and we are currently in a very uncertain economic environment. The next decision on the cash rate is 20th May.

Stay tuned tomorrow for the announcement.

28/03/2025

The government has allocated $17.1 billion over 10 years for significant road and rail infrastructure projects across Australia, focusing on nationally important initiatives.

Here's what it includes:

➡️$2.3 billion for critical infrastructure in Western Sydney, including $1 billion to preserve the corridor for the South West Sydney Rail Extension

➡️$2 billion for upgrades to Sunshine Station in Victoria

➡️$1 billion for the Victorian Road Blitz program

➡️$1.2 billion for safety upgrades on the Bruce Highway in Queensland

➡️$350 million for Kwinana Freeway upgrades in Western Australia

➡️$200 million for Stuart Highway duplication between Darwin and Katherine

➡️$200 million for Arthur Highway upgrades in Tasmania



26/03/2025

The 2025 federal budget, released last night, outlines changes to housing measures in Australia.

In response to the ongoing challenges related to housing supply, the Australian government has introduced changes to the Help to Buy scheme and allocated funding for prefabricated housing.

While the discouragement of foreign investment is a challenge, the updates in training for trade skills are a positive development.

Scroll 👉 to read Chief of Economy, Nerida Conisbee, break down the federal budget and how it will impact Australian housing.

24/03/2025

The Australian housing market is shifting, with Sydney leading the way and the Gold Coast & Sunshine Coast rising as premium hotspots.

Will Perth & Adelaide overtake Melbourne next?

For more market insights, check out our latest Property Outlook Report:
https://ow.ly/LXVX50UPUVG

21/03/2025

What are interest rates? 🤔⬇️

The cash rate is Australia's official interest rate, set by the Reserve Bank of Australia. It’s like the interest rate banks pay each other to borrow money overnight. 📈

But here’s the kicker, this rate affects everything from home loans to savings! When the cash rate rises, borrowing becomes more expensive, which cools down spending in the economy. If rates drop, borrowing gets cheaper, and more money flows around.

👉 What does this mean for you?

Higher rates = bigger mortgage repayments, but better returns on savings.
Lower rates = cheaper loans, but watch out for investment shifts.

Keep an eye out for our predictions on March 27!

19/03/2025

DO THIS if you're planning to auction your property ⬇️

Does the timing of your auction really matter?

YES. The most common auction times are between 10 AM and 12 PM on Saturdays.

BUT our data shows that 7 out of 10 auctions held at 9 AM attract strong buyers.

Meanwhile, afternoon auctions, typically held between 2 PM and 3 PM, also perform well.

Does this vary across different states in Australia? YES.

Sydney: All day
Queensland: Afternoon
Victoria: Mid-morning to lunch
South Australia: Into the evening

Wherever you're located, the key is understanding your market and choosing the time that maximises competition.

17/03/2025

Will the interest rate be cut twice this year?

Click here to find out: https://ow.ly/z8Vg50UTJWz