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Great news for property investors as the Reserve Bank of Australia lowers rates

Reserve BankPhoto: Bloomberg

Property investors will be ecstatic with the news that the Reserve Bank of Australia has made a monumental decision to cut the Cash Rate further by 0.25% from the official 2015 Cash Rate of 2.00%.

In a move that Economists say is the final Rate Cut for 2015, the RBA has based their decision on the fact that economic growth has been steadier than expected, the Australian dollar’s value increasing and that new business investment is low. Not to mention unemployment stabilising and despite partial recoveries, coal and iron ore prices have fallen.

With property investors in mind, it seems it has never been a better time to put their hard earned cash into real estate. With a result of mortgage rates being lowered, particularly on the East Coast, property markets such as Melbourne and Sydney will have higher housing prices. Likewise, mortgage brokers and real estate agents will benefit and banks will have higher returns. It seems that high returns are the order of the day for the rest of 2015.

Contact us today on 1300 769 166, to learn more of what this means for you

By Rebecca Boss – Fairchild Head of Finance

 

DISCLAIMER: This disclaimer is a requirement of the Securities Industry Legislation Act. The writer of this article is not a practicing lawyer or financier. The information, statements and opinions expressed are intended only as a guide as to some of the important considerations to be taken into account relating to property investment. I strongly suggest that you consult with licensed professionals such as accountants, Lawyers, Valuers, Development Consultants, Quantity Surveyors and others, BEFORE signing any contracts or other binding documents.