The Reserve Bank of Australia has cut official interest rates from 2.75 per cent per annum to 2.50 per cent, bringing an end to the three month hold at 2.75 per cent p.a.
This rate cut could lead to a spike in purchases in the property market as many people look at entering the market as a first-time buyer or expanding their portfolio by moving into investment property.
A new report from RP Data* has shown there are 3,230 suburbs across Australia in which it’s cheaper to buy than rent, so now could be a good time to look at buying.
Source:
Realestate.com.au
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Rate cut could lead to home buying boom
The Reserve Bank of Australia has cut official interest rates from 2.75 per cent per annum to 2.50 per cent, bringing an end to the three month hold at 2.75 per cent p.a
