Market Update from John Roderick

Whats happening in the Market?

Great question I often get asked when home owners are deciding what to do with their property.

  • Some relevant facts are;
    The RBA is stimulating the economy with interest rate reductions, making this the lowest level for interest rates in history.
    APRA has allowed the banks to move from a fixed to a variable assessment rate, 2.5% above home loan rate of the day.
    Federal government’s First Home Owner Deposit Scheme starts January 1 2020.
  • All positive news which helps buyers purchasing power.

 

Contact me if you would like any additional information John Roderick 0432 511 181