Will the rate hold halt home buyers?

By |

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.”

More stories:

Property data debate rolls on

Australia’s riskiest places to invest

It’s a landlord’s market alright, just look at the Census

With interest rates at their lowest for more than 50 years, there are some great rates available. The best thing to do is to compare rates from all the lenders. Let us help take the leg work out of doing this - Compare Home Loans now

Top Suburbs : gladesville , mayfield , willoughby east , ropes crossing , geelong west

go back

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.

How soon would you like a mortgage?
What is your Annual Household Income i $
Do you currently own any Investment Properties?
Do you own your own residence?
How much equity do you have in all your current properties?
First Name
Last Name
Where do you live?
What number can we reach you on?
E-mail address
We value your privacy and treat all your information seriously - you can check out our privacy policy here