RBA keeps interest rate on hold

RBA rate hold: 2.00%

CENTURY 21, the largest real estate sales organisation in the Asia Pacific region, believes the Reserve Bank of Australia's decision keep the official cash rate at two per cent could bring further stability to the real estate market.

"The combination of stable interest rates and an increase in stock levels is something that I believe could encourage more sustainable growth rates in the property market," said CENTURY 21 Australasia Chairman and Owner, Charles Tarbey.

"Many areas have needed an increase in stock levels for quite some time, and it is good to see this is finally happening.

"These factors could mean that the marketplace is tipping toward a negotiation environment, rather than a sellers' market that has been the hallmark of the last few years in many areas," said Charles Tarbey.

According to CoreLogic RP Data, price growth in the capital cities slowed to 0.2 per cent over October and 1.4 per cent for the quarter.

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 Charles Tarbey on 03/11/2015 at 12:04 PM | Categories:


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