RBA decision may highlight real estate strength

CENTURY 21, the largest real estate sales organisation in the Asia Pacific region, believes the Reserve Bank’s decision to keep interest rates steady is beneficial for the property market as it likely gives buyers and investors confidence and stability.

"By keeping interest rates on hold, the RBA is giving investors and owner-occupiers continued access to debt at historically low levels,” said CENTURY 21 Australasia chairman and owner, Charles Tarbey.

“Investor activity has been high over the last cycle and average prices have surged in Sydney and other major capital cities.

“This decision will likely build the confidence of homeowners and investors,” said Charles Tarbey

In their announcement, the Reserve Bank noted the decline in commodity and export prices, and also the accommodative lending conditions globally.

Posted by Charles Tarbey on 08/04/2015 at 12:00 AM | Categories:

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