The second board meeting held by the RBA has revealed that the interest rate will be on hold this month at 2.25%. Experts say the main driver behind this steady rate is due to the housing market. BIS Shrapnel’s Richard Robinson predicted that rates would remain steady and said the main driver behind the likely decision was the housing market. “They will hold to avoid overheating the housing market and to keep their powder dry for when they might want to ‘encourage’ another drop in the exchange rate,” he said (as cited in Smart Property Investment).
The positive news for buyers is that the strong prices indicate that more people will be willing to put their houses on the market, which would provide an increase in listings in autumn and winter.
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The team at Ray White Lidcombe has successfully achieved another street record on Saturday 18th May 2024, selling 57 Delhi Street Lidcombe under the hammer for $2,000,000 (cracking the last street record set by the team selling 9 Delhi Street Lidcombe for $1,980,000 in July 2022). Set on a 486sqm level block, this well loved … […]
The highly anticipated Rate My Agent Agent of the Year Awards are the only one of their kind in the industry and based on customer satisfaction. To win means to have secured the highest satisfaction rating across the country – celebrating and recognising real estate agents and agencies that provide truly excellent client service … […]