ONLINE ENQUIRIES This graph compares digital enquiry received on Ray White listings over the past three years .
In July 2024 , this decreased by a marginal 0.50 per cent year-on-year , with the number of online users up 7.44 per cent .
Source : Ray White Online Analytics
LOAN PRE- APPROVALS This graph compares the number of loan pre-approvals submitted via Loan Market brokers over the past three years .
The number of loan pre-approvals received for July 2024 was 1,063 , up 74.19 per cent year-on-year .
Source : Ray White Online Analytics
WHAT DOES THIS MEAN FOR YOU ?
• For Buyers : With mortgage lending rates declining and a wide range of properties available , now could be an opportune time to enter the market .
• For Homeowners : Lower mortgage lending rates could offer relief on mortgage payments , presenting potential refinancing opportunities .
• For Sellers : Demand is expected to pick up later in the year , so conditions may be more favourable for those picking their moment to sell .
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