Monthly inflation falls – have rate rises peaked?
Last week inflation figures in Australia for October 2022 were released and below almost everyone’s expectations. Although still historically high at 6.9%, the expectations were much higher, so now analysts are forecasting 0.25% increase in rates...
Last week inflation figures in Australia for October 2022 were released and below almost everyone’s expectations. Although still historically high at 6.9%, the expectations were much higher, so now analysts are forecasting 0.25% increase in rates on Tuesday, 6 December and then possibly a pause thereafter.
This should be great news for those buyers who have been standing on the sidelines waiting to see what happens. It seems we are nearing the rate rise peak and should have a period of stable rates in the early part of 2023.
Stock levels across the postcodes 2508 and 2515 remain high at 87 despite a bunch of sales across many suburbs last week. It’s a mixed bag of results with some excelling in prices and others showing the signs of a declining market.
- 4 Jones Lane, Thirroul, price not disclosed by Dignam’s in Bulli
- 236 Lawrence Hargrave Drive, Thirroul price not disclosed sold by Molenaar & McNeice
- 27 Paterson Rd, Coalcliff sold $1,700,000 by Venessa Denison-Pender at McGrath Thirroul
- 13 Cokeworks Rd, Coledale sold $3,550,000 by Dignam’s in Bulli
- 19 Gardiner Pl, Helensburgh sold price undisclosed by McGrath Engadine
Ian Pepper is a real estate agent and finance professional who advertises in the Flame's monthly magazine
