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Only 384,515 residences sold in the region over those 24 months. That's the slowest two years on record, even below the Great Recession's 2008 low.

Only 384,515 residences sold in the region over those 24 months. That's the slowest two years on record, even below the Great Recession's 2008 low.

Only 384,515 residences sold in the region over those 24 months. That's the slowest two years on record, even below the Great Recession's 2008 low.

Despite uncertainty of the timing of rate cuts, demand is predicted to rise as rates stabilise, experts say.

The average new Australian mortgage has surged to a record-high even though the Reserve Bank has raised interest rates 13 times in 18 months.

A top ranked economics and finance blog with a focus on the housing market

Even if there are as many as three interest rate cuts later this year, it might not be enough.

Cash rate kept steady amid lower inflation forecast

CoreLogic estimated that across the greater Los Angeles area, nearly 543,000 single- and multifamily homes with a combined reconstruction cost value (RCV)

Even if there are as many as three interest rate cuts later this year, it might not be enough.