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Interest rate cut likely to turbo-charge Sydney house-price growth

The Reserve Bank’s cut in interest rates has prompted speculation from property experts that the Sydney housing market could be in for another boost. Property prices across the city rose at boom-time levels of 14.1 per cent in the 12 months to December, according to Domain Group’s Housing Report. LJ Hooker national research manager Matthew Tiller said the cut was likely to prompt another uptick in prices. “A rate cut is likely to see property prices across Sydney resume the strong growth seen over the past 12 to 18 months,” Mr Tiller said. “This would come on the back of another surge in demand predominantly from investors in the inner-ring suburbs. “Increased activity from first home buyers in the middle and outer ring suburbs would be higher thanks to increased mortgage affordability.” Read more: http://news.domain.com.au/domain/interest-rate-cut-likely-to-turbocharge-sydney-houseprice-growth-20150203-134qd6.html

 

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.