If you’ve been keeping an eye on the property market lately, you may have noticed a clear trend: there are fewer homes for sale compared to this time last year. This shift in supply has a big impact on both buyers and sellers, understanding what it means can help you make smarter decisions in today’s market.
On February 6, 2024, the Reserve Bank of Australia (RBA) made a pivotal decision to maintain the cash rate at 4.35%, marking its first policy announcement of the year. This decision comes against a backdrop of gradually declining inflation, which eased to 4.1% in the December quarter, down from 5.4% in September.