Why Interest Rates May Drop By December

Ray White Chief Economist Nerida Conisbee yesterday backed an interest rate drop as early as December.?

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Ms Conisbee was speaking at our quarterly property event where she confirmed data showing Brisbane continues to surge ahead as one of the nation's most progressive property economies.

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In the event, she revealed that with inflation continuing to trend down, interest rates were likely to follow suit in line with most other countries internationally, suggesting the?drop would be sooner than next year, with possibly as many as four cuts over the next 12 months.?

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Why Now Is The Time To Buy.??

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The smart money is clearly not waiting and Ms Conisbee shared?data evidence showing a clear correlation between rates dropping and house prices rising.

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Based on historic data, she remains confident that once the rates drop next year, prices will again head north.?

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Our panel event yesterday revealed the renewed confidence in the Brisbane market, with The Ray White Collective data showing strong open home numbers and a surge of buyer interest hoping to beat rate rises.

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In the past month, investors in particular have made a strong return to the market looking more for capital growth opportunities rather than yield.

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They are taking a long-term view,?many expats are securing an investment and are backing continued increases in property prices regarding Brisbane as still one of the nation's most affordable and progressive capitals.

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Units also remain the best performer for 2024, some suburbs experiencing growth of more than 20% in unit prices over the past 12 months.?

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We also revealed our top areas to purchase as well as the top sales for prestige property so far for 2024.

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For a full copy of Ms Conisbee's report and our Ray White Collective Data please Click Here and if you missed the event, we have a full replay below .

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Top?10 Sales of The Week

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This week’s standout sales in Brisbane highlight the strong demand for spacious, luxury family homes across a variety of suburbs, including fringe areas. Buyers are actively seeking properties that offer elegance, ample living space, and family-friendly features, catering to the needs of both growing families and professionals. These significant transactions underscore the diverse demands of today’s buyers, who are navigating Brisbane’s competitive market to find homes that provide immediate comfort, convenience, and long-term growth potential.

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1. 39 Garfield Drive, Paddington $8,475,000

2. 122 Abbotsleigh St, Holland Park $5,000,000

3. 8 Thomas St, Camp Hill $4,500,000

4. 75 Orion St, Coorparoo $4,350,000

5. 42 Imperial Avenue, Cannon Hill $3,610,000

6. 310A Given Terrace, Paddington $3,516,000

7. 9 Avesnes Street, Holland Park $3,500,000

8. 28 Angliss St, Wilston $3,330,000

9. 48-52 Country Ct, Park Ridge $3,200,000

10. 523 Darcy Road, Camp Hill $3,175,000

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*Top 10 Results are based on publicly available data, auction results, and data provided by agents. Data is deemed reliable at the time of publication but Christine Rudolph and Ray White New Farm neither warrants its accuracy or accepts any liability in relation to its use.