advertisement

Rate hold will encourage Australian property market

0 %
100 %
advertisement
Information about Rate hold will encourage Australian property market
Real Estate

Published on March 4, 2014

Author: c21australia

Source: slideshare.net

Description

Century 21, the largest real estate sales organisation in the Asia Pacific region, believes the Reserve Bank’s decision to leave the cash rate on hold at 2.5 per cent will encourage the ongoing recovery in the Australian property market.
advertisement

MEDIA RELEASE For immediate release March 4th, 2014 RATE HOLD WILL ENCOURAGE PROPERTY MARKET Century 21, the largest real estate sales organisation in the Asia Pacific region, believes the Reserve Bank’s decision to leave the cash rate on hold at 2.5 per cent will encourage the ongoing recovery in the Australian property market. “This decision provides an eighth month of stability with rates on hold which may encourage more Australians to consider entering the property market,” said Chairman and Owner of Century 21 Australasia, Charles Tarbey. “A sound Australian economy in combination with a low interest rate environment bodes well for the property market in 2014.” The Reserve Bank reasoned that it was appropriate to leave the cash rate on hold in light of information suggesting slightly firmer consumer demand and the foreshadowing of a solid expansion in housing construction. “The relative stability of economic conditions over the past eight months has likely been what has prompted value growth in the premium end of the property market which is starting to outpace the broad middle and most affordable segments,” said Charles Tarbey. “This recovery is yet to spread out to discretionary spending areas such as traditional holiday home areas. When this does occur it will indicate a real return of strength to the Australian property market,” concluded Charles Tarbey. Century 21 encourages potential buyers that are looking to purchase real estate to ensure they have obtained the appropriate professional property and finance advice before doing so. With over 3,000 offices, Century 21 is the largest real estate sales organisation in the Asia Pacific region, a region vital to Australia’s continued economic success. *ENDS* For further information or to arrange an interview please contact: CENTURY 21 Australia P: (02) 8295 0600 E: nationaloffice@century21.com.au

Add a comment

Related presentations

9876557500 | 9872076706 | WAVE APARTMENTS MOHALI SECTOR 99 | WAVE APARTMENTS COMIN...

Find out our slection of luxury properties in Provence and on the French Riviera (...

Find out this lovely recent and luxury property in the soth of France near airport...

Map of the Boston Commercial Real Estate market by industry and area.

29 Palms Residential Lot

29 Palms Residential Lot

November 10, 2014

29 Palms residential lot in developing area of 29 Palms. Clean pristine desert vi...

Palm Bay Home Inspector

Palm Bay Home Inspector

November 6, 2014

We Provide Home Inspections and commercial inspections in Brevard County, FL and I...

Related pages

Interest rates on hold - again - APM

Australian Property Monitors. ... Interest rates on hold ... The low mortgage rate driver of market activity driving prices growth over the past ...
Read more

Interest Rates Australia - Home Loan, Mortgage & RBA Rate News

Read the latest on interest rates, ... interest rates & opinions on the Australian property market. ... as Reserve Bank keeps rates on hold.
Read more

RBA Cash Rate - Current Cash Rate Target & History

The Reserve Bank seems content to hold rates steady to encourage ... Australian cash rate, ... property market. Why keep the cash rate ...
Read more

RBA leaves interest rates on hold - News.com.au | News ...

THE Reserve Bank has left the official cash rate on hold at ... a property or are ... cutting rates, which pushed up the Australian ...
Read more

Reserve Bank's decision to keep interest rates on hold no ...

Reserve Bank’s decision to keep interest rates on hold no reprieve for Sydney market. ... the property market, as lower rates ... Australian Prudential ...
Read more

Real Estate Investing Advice & Strategies From Experts You ...

... is to carefully plan for a realistic rate ... Property Market Analyst. ... PropertyUpdate.com.au is Australia's leading property investment wealth ...
Read more

Perth rental vacancies rise as population growth falls ...

More and more Perth rentals are being left vacant as the city's population growth falls and record low interest rates encourage tenants to become first ...
Read more

How long does it take for your property to double in value ...

... is it too optimistic to think that the average Australian ... will not see the value of that property double ... cash interest rate on hold ...
Read more

Interest Rates Australia, RBA Interest Rates, Current ...

Latest interest rates cuts & rises in Australia. ... markets, prices for commercial property and equities ... decision to hold the cash rate ...
Read more

News - Australian Real estate news

The NSW government is ramping up its sale of residential properties in ... as vacancy rates tighten and rents hold at ... are Australians ...
Read more