FIND YOUR LOCAL BUYERS' ADVOCATE:
    TALKS & PODCAST           CALL US CALL US
1300 655 615
 
 

The
Propertybuyer

Podcast

Hear the latest weekly insights into the property market via podcast by Rich Harvey, CEO and founder of Propertybuyer.

 
Fri 24 May '24 with Rich Harvey Granny Flats: Boost Your Yields & Faster Mortgage Repayments
 
 
Fri 3 May '24 with Rich Harvey Unpacking the Northern Beaches with Incredible Agents
 
 
Fri 29 Mar '24 with Rich Harvey How to build a $7 Million Property Portfolio from scratch
 
 
Sat 16 Mar '24 with Rich Harvey Why Invest in Melbourne?
 
 
Mon 26 Feb '24 with Rich Harvey Sydney’s Inner West – Hotspots and Outlook for 2024
 
 
Mon 12 Feb '24 with Rich Harvey Decoding Sydney’s North Shore Market – Outlook and Opportunities.
 

 

Listen to many more
podcasts on our
Podcasts page.

 
 
 

Propertybuyer Blog
Property advice, market updates & more

 

Cash rate keeps favourable conditions for property buyers

July 2, 2014 / Written by Rich Harvey

 

By Rich Harvey, CEO, propertybuyer.com.au

House hunters in Sydney and beyond should be pleased with the Reserve Bank of Australia's (RBA) latest decision regarding the official cash rate.

RBA Governor Glenn Stevens announced on July 1 that the financial institution would be keeping the cash rate on hold yet again at 2.5 per cent.

"Monetary policy remains accommodative. Interest rates are very low and for some borrowers have edged lower over recent months," Mr Stevens said.

Meanwhile, it appears that the good times are here to stay, at least for the forseeable future.

"Looking ahead, continued accommodative monetary policy should provide support to demand and help growth to strengthen over time," Mr Stevens continued.

"On present indications, the most prudent course is likely to be a period of stability in interest rates."

Malcolm Gunning, president of the Real Estate Institute of New South Wales, said that the RBA's latest cash rate decision is opening the door to numerous opportunities for property buyers in Australia.

In addition to residential property, changes to lending criteria have also made now an ideal time for commercial property purchases, according to Mr Gunning.

This has been helped by the fact that unlike residential real estate, commercial property prices haven't increased in the same way, offering buyers more affordability.

The increase in residential property prices was highlighted by Mr Stevens in his announcement, but as he pointed out, there have been signs recently that prices are starting to moderate.

However, regardless of prices and interest rates, having the right help in your corner to actually find and negotiate the purchase of a property remains essential.

Whether you're buying your first home or are on the hunt for commercial real estate, a qualified buyers advocate will help you find the right real estate at a fair price.

The Propertybuyer
Podcast

 
Fri 24 May '24
with Rich Harvey
Granny Flats: Boost Your Yields & Faster Mortgage Repayments
 
 
Fri 3 May '24
with Rich Harvey
Unpacking the Northern Beaches with Incredible Agents
 
 
Fri 29 Mar '24
with Rich Harvey
How to build a $7 Million Property Portfolio from scratch
 
 
Sat 16 Mar '24
with Rich Harvey
Why Invest in Melbourne?
 
 
Mon 26 Feb '24
with Rich Harvey
Sydney’s Inner West – Hotspots and Outlook for 2024
 
 
Mon 12 Feb '24
with Rich Harvey
Decoding Sydney’s North Shore Market – Outlook and Opportunities.
 

 

Listen to many more
podcasts on our
Podcasts page.