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.
2025年將成爲住宅投資者的買方市場，隨着房價的漲幅最終趨緩並開始逐漸穩定。
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.
隨着澳洲聯邦儲備銀行連續加息的影響終於開始顯現，疫情積蓄被消耗殆盡。銀行的數據顯示，稅收減免正在被儲蓄而非消費，這是消費者疲勞的跡象。
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.
我們會在本週晚些時候看到這種情況表現爲低於預期的黑色星期五銷售額，以及在1月份發佈的數據中較低於預期的聖誕消費。
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.
所有這一切爲澳洲聯邦儲備銀行考慮在2025年初減息鋪平了道路。我們認爲三月是一個實際的選擇，其他主要銀行已延遲到五月。
Bottom line: The Sydney property market is a good forward indicator of where the economy is heading.
重點是：悉尼房地產市場是經濟走向的一個良好先行指標。
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.
高檔房地產部分已經疲軟一段時間了，而現在中檔市場也在褪去。只要就業保持強勁，市場底部將會保持。
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.
但總體感覺表明減息很快會成爲必要，並且澳洲聯邦儲備銀行意識到如果等待太久，可能會爲時已晚。
Market commentary and insights from Peter Esho, economist and founder at Esho Capital
Peter Esho，經濟學家和Esho Capital創始人的市場評論和見解
譯文內容由第三人軟體翻譯。
