Sell with Confidence
Read More
News

RBA Leaves Cash Rate Unchanged

By Brent Higgins

The RBA announced, yesterday, the 5th of February that the cash rate would remain unchanged at three per cent.

This is on the back of the four rate cuts that were made in 2012, which saw the cash rate move from 4.25 per cent down to the current three per cent, a market low not seen since April, 2009.

Ray White Maroochydore Principal, Dan Sowden, commented that although there was no change to interest rates this month, the local property market is still experiencing the benefits of four rate cuts throughout 2012..

“In 2012, investors basically deserted the market, representing less than just 10% of our sales. Today investors are returning, representing almost 60% of all buyer enquiry.”

“We believe investors are drawn by the combination of historically low borrowing rates and market high rental returns, creating positive cash flow returns, something we haven’t seen since 2002”.

“Owner occupier activity has remained strong, particularly in the sub $400,000 market, however in terms of a market correction, it will be the influx of investors creating further demand that will drive property prices into a new direction”

This improved economic outlook has led many leading economists to predict a further rate cut would not be seen until the second quarter of 2013.

One thing is clear, the property market is certainly returning to favour.

Up to Date

Latest News

  • A Little Ray of Giving 2019

    Each year across Australia and New Zealand, Ray White offices run “Little Ray of Giving” which supports disadvantaged families in their local area. This year our Mooloolaba & Kawana offices are partnering with the Mooloolaba Primary School for the third year in a row and are supporting two young students … Read more

    Read Full Post

  • A Day of Action

    Your Property | 80 Agents | 80 Offices | 1 Event Coastal Living Auctions Our Auction Event is the largest property auction event held on the Sunshine Coast. Over $120,000 will be spent in both property and event marketing leading up to this Auction event. It is expected that … Read more

    Read Full Post