October 2024 quarter
It was likely that the Reserve Bank would keep interest rates on hold for an extended period, having raised them later and less aggressively than many global peers, with a willingness to accept slightly higher inflation to preserve recent employment gains. With Australia’s labour market among the strongest in the developed world, expectations are high that rates will hold into early 2025. This has weighed on homebuyer decisions, with affordability and borrowing capacity top of mind. Although new listings hit record highs for spring, tempered buyer demand — likely as buyers await rate cuts — has pushed total homes for sale to a six-year high.
Days on market
The average number of days Strathfield – Burwood – Ashfield properties were advertised for, in the last 3 months
Origin of enquiries
