It’s great news for home owners and home buyers this week with the announcement from the RBA to cut 25 basis points from the official cash rate, taking the new rate to just 4.5 per cent.
This will improve the debt servicing position for many home buyers and investors allowing them to access their equity and increase their property portfolio whilst the housing market is somewhat subdued with properties currently priced at or under market value, possibly creating instant equity.
The perfect time to purchase your next property is now, with the market expected to bounce back in 2012, we’re already seeing a drop in supply with an increase in demand from the market place.
Speak to one of our experience Real Estate Sales Consultants to find out how we can help.
Understanding Your Buying Power