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 of the real estate market which has been very steady over recent months.”
Mr Morgan went on to say “In the greater Bunbury area there has been some recent projects announced which whilst they may be months before commencement, it showed demand was coming, even the announcement from The State Government of the approval of a $23.8million funding strategy for Stage 1 of the proposed Bunbury Waterfront development.”
“The other tell tale sign is the dramatic increase in rental prices, reducing the difference from home ownership and renting.”
With the property market at what has been said to be it’s lowest and interest rates reducing, now could be an excellent time for home ownership and turn what would normally be rent into your future investment.
For more information, please visit www.harcourtsbunbury.com.au or call (08) 9722 6666.