Rate Rest Continues for Borrower’s in August

Century 21 Australia, the largest real estate company in the Asia Pacific region, believes that the Reserve Bank of Australia’s decision to hold interest rates at 4.75 per cent will help to provide some stability for home buyers and investors in a time of economic uncertainty.
We continue to see that Australians are worried, both about their capacity to pay their mortgages should rates go up and their ability to purchase a property.
This rate hold should go some way to keep these concerns at bay.
While inflation for the June quarter was higher than expected, it is anticipated that Australia’s annual economic growth may not be as strong as has been forecasted, both factors that the Reserve Bank needed to regard in its decision.
In coming to this decision, the Reserve Bank had to juggle a number of considerations, but I believe that keeping rates steady was a necessary choice.

The residential real estate market continues to hold some excellent and affordable purchase opportunities for home buyers and investors.
We are hopeful that with rates kept steady people will feel increasingly able to buy suitable properties with confidence, sitting down with real estate and mortgage professionals to understand how they can best prepare and plan to take advantage of such opportunities.

 

About Port Douglas

Port Douglas real estate - Real estate in Port Douglas is now sought after the world over. Our passion for where we live stems from Port Douglas being the only place in the world where two natural, world heritage listed sites (the Great Barrier Reef & Daintree Rainforest) exist side by side. If you would like buy or live in your own piece of paradise, please browse our real estate listings http://www.realestateportdouglas.com.au The views expressed in the Port Douglas blogs are not those of Century 21 Port Douglas Real Estate nor the Century 21 franchise.
This entry was posted in Australia, Banks, Interest Rates Australia, Mortgage Sales, Mortgages, Port Douglas, Property Investor, Queensland, Real Estate. Bookmark the permalink.

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