The RBA’s decision to keep the official cash rate on hold this month has been labelled as a defining moment in “the clash between the economist and the sentiment of the homeowner”, by one major national real estate group. And it believes that the RBA’s cautious move could hit buyer sentiment hard.
Recent data showed that for the first time in around two years there had been an increase in the value of homes in the capital cities in Australia, and this has been influenced by recent rate cuts, claims Ray White Group’s Brian White.
“It showed once again the sensitivity of home purchasers and how immediately and quickly it can create a change in their confidence and psychology,” he said. “So much research shows the importance of this to the sense of wellbeing to the country’s citizens.”
“One can only hope this is not taken for granted by the Reserve Bank,” he added. “It would be a great disappointment to see the recent improvement in buyer sentiment was not shown to be sustained.”
Property data debate rolls on
Australia’s riskiest places to invest
It’s a landlord’s market alright, just look at the Census
Whether you are looking to buy your first home, move home, refinance, or invest in property, a mortgage broker can help. Access loans from all the major lenders, get help with paperwork – plus there is no charge for this service. Get help from a local mortgage broker
Top Suburbs :
Get help with your investment property
Do you need help finding the right loan for your investment?
When investing in property, it is important to make sure that you not only have the lowest available rate that you can get, but also have the correct loan features for your needs.
Just fill in a few details below and we'll then arrange for a local Aussie Mortgage Broker to contact you and work out what features or types of loans are right for your needs. We'll even help with the paperwork. Plus and appointment is free.
We value your privacy and treat all your information seriously - you can check out