Update from John Roderick – Interest Rates

October 2019 Interest Rates Update

Interest rates are a key driver of buyer confidence so the recent 0.25% reduction is positive news for the property market.

With economic commentators now indicating that long term low interest rates will continue, then property acquisition will be possible for more buyers.

Further interest rate cuts are being flagged as a possibility. For those in the 90’s who were paying around 17% – 18% it seems hard to understand. Cash now is not the income source it once was.

In this environment, property is standing out as once again an attractive asset class. Upgrading or investing in property?

Call me to discuss further John Roderick 0432 511 181