Housing market conditions expected to be ‘more supportive' this winter season
REA Group Senior Economist Angus Moore examines the 'different environment' of the property market entering the mid-year when compared to winter last year.
'Now that we are starting to see rates falling, prices are growing in Sydney and Melbourne – which they weren't last year – we are probably looking at a more positive environment,' Mr Moore told Sky News Business Reporter Edward Boyd.
'If we get further rate cuts, which we are certainly expecting to see, that's going to bolster consumer confidence; it should be a tailwind for home prices.
'All of that is going to give vendors a little bit more confidence and we should see some more supportive housing market conditions this winter than perhaps we did last year.'
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