Nicholas Richards
Chinese Speaking, Local Expert. Partner, Licensed Estate Agent
Agent of the Year 2025
MOUNT WAVERLEY WEEKLY UPDATE
Clearance Rate
70% Vic Clearance Rate
Market Wrap
Current Cash Rate: 3.60%
Current Interest Rates 5% - 5.5%
Reported Sales
12 Reported Sales last week in MW.
23 Newly Listed Properties came to market in MW last week.
Ray White Market Reports
Ray White Market Reports
National Market Insights Report
Property Appraisal
Ray White Market Reports
Past Client Reviews
What's my property worth?
Past Client Reviews
Ray White Market Reports
Past Client Reviews
What do Nicholas’s Past Clients have to Say
JUST LISTED
Weekly Economic Update
- Affordable properties are significantly outperforming typical homes with cheap houses growing 8.3 per cent annually compared to 8.0 per cent for the broader market, driven by intense competition in the entry-level segment (1)
- The expanded First Home Buyer Guarantee scheme removing income caps and raising Sydney's price threshold to $1.5 million is expected to add 20,000 new buyers targeting affordable properties (1)
- Australian CBDs are splitting into fashion-focused markets like Sydney and Perth that are outperforming food-heavy cities like Canberra and Melbourne, suggesting diverse retail offerings beat food-only activation strategies (2)
- The government's expanded 5 per cent deposit scheme eliminates income caps and slashes upfront costs by up to $150,000 per purchase, fundamentally reshaping market access at a time when sustained buyer competition and constrained supply continue driving price growth across all markets (3)
