Low rates, big opportunity
When it comes to taking advantage of an extraordinary moment in Australia’s economic history, the time is now! With May’s RBA announcement leaving the national cash rate at an all-time low of 0.10% since November 2020, all signs point to ‘go’ for homeowners who are considering upgrading or building an investment portfolio.
If you’ve had your eye on a larger family home or on a residence in a location that will suit you better – now is an ideal time to ‘upgrade’ to that longed-for home – as finance is unlikely to ever be more affordable. Selling now is also an intelligent decision and one likely to proffer a good result: buyer confidence overall is robust as interest rates sit so incredibly low and purchasers are often willing to compete aggressively to acquire a new property before they are ‘priced out’. Investors too can benefit from the ultra-low cash rate, using earned equity in their existing portfolio to acquire more assets or to settle upon an ideal ‘starter’ investment property.
To learn more about current market activity in our area and the value of your own property, please contact our office.