RBA leaves 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 that the Reserve Bank of Australia’s decision to leave the official cash rate on hold may help to encourage stable price growth in varied real estate market climates.

Charles Tarbey, Chairman and Owner of CENTURY 21 Australasia, believes this decision was prudent due to markets around the country being at diverse points in their property cycles.

“The RBA has many considerations to juggle however in the past they have noted that the national housing market warrants careful monitoring and are paying close attention to the fact some areas are experiencing growth whilst others are in decline,” said Charles Tarbey.

“Leaving rates unchanged for now may help to avoid unnecessary stimulation in some markets while helping others to potentially improve.

“If you are contemplating a property transaction, it will be as important as ever to investigate property market conditions in your local area rather than relying headline growth figures. It is also important to consult your local real estate agent and mortgage professional to weigh up the best property investment strategy for your circumstances,” said Charles Tarbey.

According to CoreLogic, national dwelling values remained flat during August, with capital city values edging 0.1 per cent higher. Simultaneously, regional dwelling values slipped 0.2 per cent lower. 

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 05/09/2017 at 2:32 PM | Categories:

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