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.
隨着房價的上漲最終趨於平穩並開始放緩，2025年將成爲住宅投資者的買方市場。
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.
隨着疫情造成的被壓抑的儲蓄流失，澳洲聯儲連續加息的影響終於開始顯現出來。銀行的數據表明，減稅措施是在儲蓄而不是支出，這是消費者疲勞的標誌。
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.
我們將在本週晚些時候看到，黑色星期五的銷售額低於預期，1月份公佈數據時的聖誕節支出低於預期。
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.
這一切爲澳洲聯儲在2025年初考慮和減息鋪平了道路。我們認爲三月是一個活躍的選擇，其他主要銀行已將其推遲到5月。
Bottom line: The Sydney property market is a good forward indicator of where the economy is heading.
底線：悉尼房地產市場是衡量經濟前進方向的良好前瞻性指標。
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.
聲望板塊已經疲軟了一段時間，現在中端市場正在回落。只要就業強勁，市場的底端就會保持不變。
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.
但整體氛圍表明，很快就會需要減息，澳大利亞央行意識到，如果等待太久，可能爲時已晚。
Market commentary and insights from Peter Esho, economist and founder at Esho Capital
Esho Capital經濟學家兼創始人彼得·埃肖的市場評論和見解
