After much discussion about rates going down, the RBA has decided in its meeting today to lower interest rates to 1.25%.
Whether interest rates go up or down, it is hard to say how much the real estate market will change. After speaking with several buyers for them, the most difficult obstacle is the banks. There are buyers out there but they are just finding it difficult to get the finance.
Some people are saying the market will go up, while others are saying it will go down. It will be interesting to see what happens in the next 12 months.
Click here to read the full statement by Philip Lowe.
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Interest rates
04/06/2019
Article posted by Melissa Chaplin