RBA leaves cash rate on hold at 2 per cent

RBA rate hold: 2.00%

CENTURY 21, the largest real estate sales organisation in the Asia Pacific region, believes the Reserve Bank’s decision to maintain the cash rate at two per cent is a positive move for the property market.

"Despite a slight loss of steam in the property market of late, property prices seem to be holding up reasonably well across Australia," said CENTURY 21 Australasia Chairman and Owner, Charles Tarbey.

"There has been concerns raised about increasing supply levels and the effects this may have on the market.

"The market may continue to stabilise but is unlikely to crash as buyers can still access very cheap debt and homeowners are currently not under pressure from rising rates.

"This situation could change in the future but at present, the market looks reasonably healthy," said Charles Tarbey.

Core Logic RP Data information from the first quarter of 2015 shows a 1.6 per cent rise in dwelling values across the capital cities, starkly contrasting to the same quarter in 2015, where growth increased by three per cent.

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 05/04/2016 at 2:26 PM | Categories:

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