Spachus Aus
@SpachusAus
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Like Spacious. Independent and unbiased property price tracker. Free and paid memberships for transparent property market trends and analysis. Team in Brisbane.
Australia
Joined August 2022
Property sold stats over the last 3 months: #Melbourne - 87% of property sold under listing. #Sydney - 82% sold under listing. #Perth - 46% sold under however this is up from 25% mid 2024. See more at
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@4ironspecialist @MetopianFuture We don't think 0.10 will do anything to be honest, 0.25% will only save around $75 per month. Inflation just went up in the US too.
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The annual core consumer price inflation rate in the United States increased from 3.2% in December to 3.3% in January. Market expectations were a drop to 3.1%.
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Wow, just look at these stats and people say to the younger generations, just compromise, work hard, save and then you will be able to afford a property. In 1995, 26.5% of people between 35-44 owned their home outright, now it's 5.4%.
Australian Outright Home Ownership 1995 vs 2020: 35-44: 26.5% vs 5.4% 45-54: 48.3% vs 15.2% 55-64: 69.5% vs 36.1% Imagine if we had 1995 levels of mortgage free households, how much more cash would be spent into the economy or used productively instead of going to the bank.
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@bowtiedstocks It's like there is nothing else to write about. They believe that the #RBA will take this account. 😆
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@craigkel56 Inflation still too high, house prices don't need another boom, government subsidies still helping, people spending like crazy. The indicators don't point to a cut as yet. We are also back to normalised rates, they are here to stay.
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@neither_us RBA have said in previous statements they use trimmed as the true indicator, due to government subsidies. All there to read.
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@BrownChaza Thanks 👍, it's because most people are driven by their bias or greed. We just look at the facts and present them.
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@neither_us Trimmed inflation is still 3.2% and not yet back within band. Previous RBA statements said it needs to back at the mid point of 2-3, before considering cutting.
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