Comments by Ray White Group Managing Director Dan White:
“Today’s rate cut by the RBA is a win for anyone looking to make a move in the property market, provided it's passed on by banks and lenders to its customers," Mr White said.
“We highly recommend that buyers utilize a mortgage broker when looking to buy a property to ensure they receive the full benefits of this cut.
“The optimism on the ground across the country for both buyers and sellers is palpable right now and that’s highlighted in our auction clearance rates.
“In September, we had more than 1,800 auctions scheduled across Australia and New Zealand, with auction day clearance rates sitting at 74 per cent in Sydney and 78 per cent in Melbourne.
“We had nearly 50,000 people attend our auctions last month and we’re now seeing listing numbers begin to swell as we move into the heart of spring.”
