Craig

I'm going to tell you in just a moment what the economists are thinking when it comes to the cash rate today.

And I'll tell you this much, they are split on where they think it might drop.

Now, we're talking to Fadi, and he is in South Australia.

You're also seeing behaviour change in your market.

Homebuyers want affordability when it comes to the units, which we've talked about.

Downsizes.

they are adding to the competition.

They're sort of fueling that along and more buyers are getting more comfortable with off-plan purchases.

It's a quieter shift, but it is reshaping Adelaide's unit market.

So just on terms of buying off-plan, how much have you been seeing of that lately?

Yeah, no, very well spotted because that seems to be what is happening in your market.

So long as you're doing your due diligence, you know, make sure that the developer is of sound reputation.

Do a lot of digging around that.

Now, as mentioned, the RBA is meeting later on this afternoon to decide on the cash rate.

Economists are currently split, some including the Commonwealth Bank and the NAB forecasts.

They're now saying that the RBA lifting the cash rate by 25 basis points in February to address persistent inflation and strong economic momentum.

Others are suggesting that the bank may hold rates steady.

waiting for clear inflation data before moving.

How much does that affect the prestige market in Walkerville?

Because I would imagine you've got a lot of cashed up potentially buyers that are transacting in and around your area.