The Reserve Bank of Australia’s announcement of a rate reduction is always fantastic news for the property industry, according to Ray White Group chairman Brian White.
“This will give everyone confidence that we will have a more certain winter market than some commentators were suggesting,” Mr White said.
Principal of Ray White Lidcombe, Steven Duong says “it will deepen the current enthusiasm of open-for-inspection attendees, looking to buy in the near future.”
The Ray White monthly result of $2.44 billion in April, some 18 per cent up on last year, suggests a stronger lead into winter than last year.
The RBA today has cut interest rates to a 53 year low.
It has has avoided reaching one of the longest periods of interest rate inactivity since the GFC by cutting the official cash rate by 25 basis points.
Ray White Lidcombe would like to invite you to our next Public Auction onsite at 8 Dewrang Street in Lidcombe at 1pm this Saturday 11th May to experience the post interest rate cut effect yourself.
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 … Read more
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 … Read more