Record low interest rates good news for buyers and sellers
The Reserve Bank has slashed the official rate for the second consecutive month to a record low of one per cent.
The lower rate is expected to stimulate the economy, create more jobs, and increase inflation.
An interest rate cut is a great time for both property buyers and sellers to consider their options.
For sellers, history shows that an interest rate cut generally help housing demand. Rate cuts make housing more affordable and allows more people to enter the housing market.
For buyers, it can be easier to obtain a loan, and you borrow at a low rate.
Contact us if you are looking to buy or sell. We’d love to join your property journey. Phone: 02 6674 3444 or email info@rayrealestate.com.au.
