With Christmas and the festive season just around the corner, the Reserve Bank made the announcement today of a 25 basis point reduction.
Mr Morgan, Managing Director of Harcourts Bunbury said “This is good news for all, Retailers, Store owners, Families, First home buyers, Investors and more. The two speed economy has made it difficult for the RBA to make changes, but it is widely known that the balance of Australia hasn’t been seeing the benefits of the resource boom, not yet anyway.”
“This could see a rekindling…
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Categories Featured Articles, Finance, Home Sales, Interest Rates, Investments, Local News, Real Estate
You can see from around you the increasing demands on public transport and highways.
Economist had projected Australia’s population to grow to around 35 million by 2050, but with Australia seen as a safe political and financial environment perhaps it is bringing more attention that we are ready for at the moment.
Certainly with this projected growth current infrastructure will need to increase to support it and we will need to see Australia population grow to that sweet spot where there is enough tax paying population to afford…
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Categories Finance, Investments, Local News, Real Estate
Stability returning to Real Estate market with rates on hold again.
With the statement from Glenn Stevens from the Reserve Bank of Australia stating that the Board decided to leave the cash rate unchanged at 4.75 per cent.
This spelt good news for property owners, property investors, and first home buyers.
Mr Morgan, managing director of Harcourts Bunbury said “With interest rates on hold again, stability is starting to be seen over the real estate market. The pressure now seems to be on the…
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Categories Featured Articles, Finance, Home Sales, Investments, Local News, Real Estate
by Richard
December
21st,
2010
With the Reserve Bank leaving interest rates unchanged, providing much need relief for home buyers and sellers before Christmas.
The reserve bank leaving rates at 4.75 per cent was music to most people ears. This matched what expectations of economists and investors had.
The central bank opted to keep rates steady after a string of weaker economic figures in recent weeks, including data showing the economy expanded by a disappointing 0.2 per cent in the third quarter.
Mr Morgan, for Harcourts Bunbury stated “The current real estate market has soften since the previous rate increase, which was unexpected…
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Categories Finance, Home Sales, Investments, Local News
Certainly over the past few years we have come to see the banks in gerenal
in a different light. Or perhaps their true colour. When it comes to making a profit
there would appear to be no emotion with them.
At Harcourt’s we have seen many a client led to sell due to banking changes
and the hoops that some of this client have had to do back flips to jump through.
When taking to your bank about options remember that most banks have adopted
a hardship polciy of some sort, here is a example of what some are offering;
- Deferred repayments on loans and credit…
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