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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Ray White Group, Australasia’s largest real estate group, has taken out the top industry accolade for Major Network of the Year at the 2021 Real Estate Business (REB) awards for the sixth year in a row. The award cements the leading group’s success during a rollercoaster year which saw a … Read more
RateMyAgent – Australia’s number one reviews website and provider of digital marketing solutions for real estate agents – has announced Ray White Lidcombe as the winner of its 2021 Agency of the Year Award. To top it off, our principal, Steven Duong, has claimed his spot as this year’s winner … Read more