With interest rates at all time lows and with banks being supportive of purchasers, we are seeing many buyers wanting to take advantage of these factors. Obtaining secure credit on excellent terms while they are available, is certainly influencing demand. This is not only the case with first home buyers, but across all sectors of the market. Fortunately, we continue to see confidence in buyers with job security working in industries not materially impacted by the current economic environment.
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Australia’s property market continues responding to the interest rate cutting cycle, with August showing sustained momentum following the initial rate reduction. National house prices reached $961,000, while units achieved $710,000, reflectnig the robust annual growth of 7.9 per cent and 6.4 per cent respectively. The Ray White Now monthly report for September … Read more
RBA cuts rates 0.25 per cent to 3.6 per cent as inflation sits within target band and unemployment rises to 4.3 per cent. Housing market momentum to strengthen with $750k mortgage saving $155 monthly. The Reserve Bank of Australia has delivered a 0.25 per cent cut to the cash rate … Read more