RBA keeps cash rate on hold at 1.5 per cent

RBA rate hold: 1.5%

CENTURY 21, a real estate organisation with over 100,000 staff in 78 countries, believes the Reserve Bank of Australia’s (RBA) decision to leave the cash rate on hold is in the best interests of the property market as conditions may be cooling.

Chairman and Owner of CENTURY 21 Australasia, Charles Tarbey, said that whilst some may be concerned that signs of moderating growth are emerging of late, this could be in the market’s long term interests as it may create an environment of more sustainable growth.

“The effects of increased regulation and tightened lending conditions from banks is starting to show across the property market,” said Charles Tarbey. 

“It’s a strange environment where there are clearly markets within markets emerging. In light of these factors, providing stability around rates is probably the right decision from the RBA.

“However, it may pay for people to remember that rates can move quickly and they should plan for such scenarios to ensure they don’t come under future financial pressure,” said Charles Tarbey.

The latest CoreLogic Home Value Index recorded a 1.8 per cent rise in capital city dwelling values over the month of June. Capital city dwelling values were 0.8 per cent higher for the quarter across the combined capitals index, which is the slowest quarterly rate of growth since December 2015.

CENTURY 21 encourages potential buyers who are looking to purchase real estate to ensure they have obtained the appropriate professional property and finance advice before doing so.

With over 3,000 offices, CENTURY 21 is the largest real estate sales organisation in the Asia Pacific region, a region vital to Australia’s continued economic success. 

Posted by Administrator on 04/07/2017 at 2:30 PM | Categories:

Comments

Write your comment





Leave this field empty: