{"id":19777,"date":"2019-06-27T17:26:22","date_gmt":"2019-06-27T05:26:22","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=19777"},"modified":"2024-03-01T20:55:31","modified_gmt":"2024-03-01T07:55:31","slug":"ray-white-white-paper-may-2019","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/ray-white-white-paper-may-2019\/","title":{"rendered":"RAY WHITE: WHITE PAPER \u2013 MAY 2019"},"content":{"rendered":"

 <\/p>\n

PHOTO: Ray White Group<\/strong><\/p>\n

MAY 2019 will likely go down in history as a pivotal moment in our immediate history.<\/p>\n

The Coalition won the Federal Election, APRA signalled to lenders to relax the stress test on a borrower\u2019s capacity and then we saw the first cut to interest rates in almost three years.<\/p>\n

The official cash rate was dropped to 1.25 per cent by the Reserve Bank of Australia, which essentially provided a shot in the arm to the property market.<\/p>\n

We\u2019d already seen a noticeable change in the atmosphere in the last few weeks with increased inspection numbers and people more willing to raise their hand at auctions again.<\/p>\n

Overall May\u2019s count suggest Ray White listings remain low for most capital cities, with the month still largely a buyers\u2019 market however we\u2019re also now starting to see early signs of more listing activity.<\/p>\n

The federal decisions appears to have given more confidence to buyers to enter the market knowing that key downside risks have been mitigated.<\/p>\n

Perhaps it\u2019ll now be perceived that the risk of not acting in today\u2019s market outweighs the risk of getting into or upgrading in this market.<\/p>\n

There seems to be a real confidence with our principals over the last few weeks post the election, but it will be interesting to see if this can be sustained.<\/p>\n

With many offices continuing to identify lack of stock as their biggest issue, we are hopeful the resolution of the election uncertainty will give vendors more confidence to come back to market.<\/p>\n

READ MORE VIA RAY WHITE<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

  PHOTO: Ray White Group MAY 2019 will likely goRead More →<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":19778,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[461747081],"tags":[478098512,478098521,478101317,478098542,478098519,478098535,478098522,478098537,478098556,478098539,478098513,478101743,478098873,478098579,478098510,478098514,478098575,478098561,478098710,478106013,478098511,478098705,478098533,478098509,478098536,478098618,478098677,478098724],"class_list":["entry","author-data123nz","post-19777","post","type-post","status-publish","format-standard","has-post-thumbnail","category-australian-property-real-estate-news","tag-australia","tag-australians","tag-federal-election","tag-home-loans","tag-home-ownership","tag-house-prices","tag-interest-rates","tag-melbourne","tag-nsw","tag-perth","tag-property","tag-property-correction","tag-property-investment","tag-property-market","tag-property-news","tag-propertynoise","tag-queensland","tag-ray-white","tag-ray-white-group","tag-ray-white-listings","tag-real-estate","tag-real-estate-agency","tag-real-estate-agent","tag-real-estate-news","tag-sydney","tag-sydney-property","tag-victoria","tag-wa"],"yoast_head":"\nRAY WHITE: WHITE PAPER \u2013 MAY 2019 - 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