An interest rate pause could be good for real estate

A reasonable weekend of inspections in the area with new listings priced appropriately attracting good crowds.

The collapse of Silicon Valley Bank and a number of other regional banks in the US and also big problems at Credit Suisse have led analysts in Australia to predict a pause in interest rates next month in April 2023. The bank collapses are not expected to lead to another global financial crisis, however, the RBA should view them as unsettling and look to stablise the market by pausing the interest rate increases. This could be good news for real estate.

Only one sale in postcode 2515 over the last week was followed by a number of sales in 2508:

30 Pass Ave, Thirroul $1,200,000 by Laurie Johnson at McGrath Thirroul

6 Sheridan Cres, Stanwell Park $1,900,000 by Elle Ritson from Ray White Helensburgh

14a Farm Road, Helensburgh $900,000 by Julie York at Raine & Horne Helensburgh