00:00Buyers are cautious in the nation's most expensive city.
00:12This one bedroom apartment in Sydney eventually goes under the hammer.
00:20What we have noticed is a significant increase in the amount of property come onto the market
00:24in January compared to previous years, which has probably thinned the buyer pool per property.
00:30Across the country, prices rose 0.8% in January and 9.4% over the year.
00:36The median home value is now more than $912,000.
00:41Perth led the monthly gains, followed by Brisbane, Darwin, Adelaide,
00:45the regions Hobart, Canberra, Sydney and Melbourne.
00:49We saw a modest acceleration in the rate of value increase,
00:52but when compared with some of the increases in late last year,
00:55we've generally seen a momentum slowing down.
00:58Hotter than expected inflation figures have put more pressure on the Reserve Bank
01:03to hike interest rates tomorrow.
01:05It'd be the first in more than two years.
01:08That would reduce borrowing power and dampen buyer sentiment.
01:12There's a strong argument to leave rates on hold.
01:15That said, I'd agree, it's a close call.
01:18We think they'll deliver two rate hikes this year
01:20to take the cash rate to 4.1%.
01:23Making it more difficult for first-time buyers to get in.
01:27That is going to be even more frightening, to be honest.
01:31It's already unaffordable.
01:32Another blow for those who are already priced out.
01:51ничего.
01:52If you won't, please get the rosehip
01:53in which the Swiss Joe could hold back up.
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