Market Wrap - 5 September 2019

 

  • 2GB's Luke Grant talks with Peter O’Malley of Harris Partners about recent reports that claim Sydney real estate agents are underquoting on properties with house prices regularly soaring past their price guidance… especially in under-supplied suburbsListen here.

     

  • 14 Arthur Street, Leichhardt was sold this week for $1,950,000 after a successful campaign with multiple enquiries and offers being made. 

     

  • Year-on-year Sydney’s listings declined by 15.3%.  Melbourne also declined but by a smaller margin of 1.9%. Read more

     

  • The Reserve Bank Board decided to leave the cash rate unchanged at 1.0% at Tuesday’s meeting. Read the full article

     

  • The RBA remained on hold at a record low cash rate of 1% at its September board meeting as widely expected. This followed 0.25% rate cuts in June and JulyRead more.

     

  • Figures released on Tuesday by SQM Research reveal national residential property listings increased in August by 2.9%, to 325,693 from 316,391 in July 2019. Read more here