Sydney clearance rate is average 65% over the last 2 months and this is springtime ie. peak home buying season. So the signs are there. Inflation is everything and everything from transport to fuel cost, rent and eating out including coffee. Unfortunately the Reserves Bank numbers are based on bread milk and wages which dont rise as much and so they tell the public inflation is not high enough to rise rate. Well RBA numbers tend to lag behind the real world anyway. Inflation will rise and so is the interest rates.
