What Sydney Property Market Is Saying
What Sydney Property Market Is Saying
That all paves the way for the RBA to contemplate and cut rates in early 2025. We think March is a live option, other major banks have pushed out to May. 
2025 is shaping up to be a buyer's market for residential investors as the increase in home prices finally plateaus and starts to moderate.
随着房价的上涨最终趋于平稳并开始放缓，2025年将成为住宅投资者的买方市场。
The impact of the RBA's consecutive rate rises has finally started to bite as pent-up savings from the pandemic are drained. Data from the banks suggests that tax cuts are being saved rather than spent, which is a sign of consumer fatigue.
随着疫情造成的被压抑的储蓄流失，澳洲联储连续加息的影响终于开始显现出来。银行的数据表明，减税措施是在储蓄而不是支出，这是消费者疲劳的标志。
We'll see this manifest into weaker than expected Black Friday sales later this week and lower than expected Christmas spending when the figures are released in January.
我们将在本周晚些时候看到，黑色星期五的销售额低于预期，1月份公布数据时的圣诞节支出低于预期。
That all paves the way for the RBA to contemplate and cut rates in early 2025. We think March is a live option, other major banks have pushed out to May.
这一切为澳洲联储在2025年初考虑和降息铺平了道路。我们认为三月是一个活跃的选择，其他主要银行已将其推迟到5月。
Bottom line: The Sydney property market is a good forward indicator of where the economy is heading.
底线：悉尼房地产市场是衡量经济前进方向的良好前瞻性指标。
The prestige segment has been softening for some time, and now the mid-market is pulling back. The bottom end of the market will hold as long as employment is strong.
声望板块已经疲软了一段时间，现在中端市场正在回落。只要就业强劲，市场的底端就会保持不变。
But the overall vibe suggests rate cuts are going to be needed soon and the RBA is aware that if it waits too long, it might be too late.
但整体氛围表明，很快就会需要降息，澳大利亚央行意识到，如果等待太久，可能为时已晚。
Market commentary and insights from Peter Esho, economist and founder at Esho Capital
Esho Capital经济学家兼创始人彼得·埃肖的市场评论和见解
