Angus Moore

And that's kind of continuing even in the face of these interest rate rises.

But if we're looking forward into what's going to happen this year and next, as I kind of alluded to up the front, it really depends on how quickly the RBA has to raise interest rates.

And all signs at this stage point to they're going to have to continue raising pretty quickly.

We had the labor force out last week, which showed that the unemployment rate fell pretty dramatically down to three and a half percent, which is much lower than the RBA was expecting and suggests that the labor market is much tighter than they were thinking.

We're also seeing inflation continue to be pretty strong.

And I think when the RBA comes out with their updated forecast next month, we'll see that they're forecasting inflation to be even stronger than they were last time they put out forecasts in May.

That all points to pretty aggressive moves from the RBA in order to contain inflation, which means we'll probably see prices, house prices down through much of this year and probably into next year as well.

Yes, we saw listings, new listings double in St.

Leonard's this year compared to last.

St Ives was also very strong, as was Rosebury and Sydney, both in very inner city areas.

Broadly, because it's winter, we do see lower volumes.

So at a suburb level, it's not necessarily that hard to double your number of listings.

But if we're looking at kind of broader regions, we tend to use what the ABS refer to as SA4 regions, which cover somewhere between 300,000 to 500,000 people.

Most of those regions across Sydney saw new listings up this year compared to last.

So it's not as if this is just geographically concentrated in a few areas.

We are seeing quite a lot of activity across much of the city.

Yeah, it certainly was.

Both Donnybrook and Weirviews saw new listings more than triple this year than they were in June 2021.

So very busy by comparison.

But that was true of a few other suburbs.