The Reserve Bank of Australia has pointed to the fact that the low IRs for home loans will continue throughout 2014, which is welcome news for many householders.
Head of Harcourts for South Australia Greg Moulton claims that the indication from the Reserve Bank governor Glenn Stevens that the low cash rate is not likely to change soon, will result in buoyant real-estate sa for 2014. "Maintaining the official cash rate at 2.5% is excellent news for stockholders, householders and first home buyers of real-estate SA," announces Mr Moulton.
Moulton continues, "A low official cash rate and relative equilibrium in rates enables everyone to plan in advance and gives certainty to property sa decisions."Moulton goes on to assert that a period of steadiness for 2014 will be a boost for consumer confidence, particularly where South Australia real-estate has not been performing so strongly, and equilibrium will keep up the momentum in other real estate SA markets that are already performing well. The governor of the Reserve Bank has to act in the best interest of the Australian economy and by leaving the official cash rate unchanged, the Reserve Bank is providing confidence to real estate sa in the short to medium term.
Moulton announces that by suggesting that interest rates will remain low all though 2014 also shows the Reserve Bank is supporting solid activity in South Australia, "The SA market is intrinsically linked to the local South Australian economy, and particularly the Adelaide economy, due to small business owners drawing down on capital gain from their home and re-investing it into their business. "
The challenge for the Reserve Bank is to balance the good health of the economy with first house buyers who are endeavoring to get a foot in the door of real-estate. Moulton points towards new statistics out showing that first home buyers make up just 9.9% of all mortgages issued in February and asserts that first home purchasers of property sa are still much on the boundary of the property market, "First home purchasers of real estate are really having to make some compromises or come up with some cutting edge methods to access capital. "
Moulton claims the reports for first house purchasers in Adelaide is that affordability is an issue all over Australia, he says the other side of the coin for first house buyers of real estate in South Australia is that once they've got a foot in the door of the property market, then they'll be pleased with property price growth.
Head of Harcourts for South Australia Greg Moulton claims that the indication from the Reserve Bank governor Glenn Stevens that the low cash rate is not likely to change soon, will result in buoyant real-estate sa for 2014. "Maintaining the official cash rate at 2.5% is excellent news for stockholders, householders and first home buyers of real-estate SA," announces Mr Moulton.
Moulton continues, "A low official cash rate and relative equilibrium in rates enables everyone to plan in advance and gives certainty to property sa decisions."Moulton goes on to assert that a period of steadiness for 2014 will be a boost for consumer confidence, particularly where South Australia real-estate has not been performing so strongly, and equilibrium will keep up the momentum in other real estate SA markets that are already performing well. The governor of the Reserve Bank has to act in the best interest of the Australian economy and by leaving the official cash rate unchanged, the Reserve Bank is providing confidence to real estate sa in the short to medium term.
Moulton announces that by suggesting that interest rates will remain low all though 2014 also shows the Reserve Bank is supporting solid activity in South Australia, "The SA market is intrinsically linked to the local South Australian economy, and particularly the Adelaide economy, due to small business owners drawing down on capital gain from their home and re-investing it into their business. "
The challenge for the Reserve Bank is to balance the good health of the economy with first house buyers who are endeavoring to get a foot in the door of real-estate. Moulton points towards new statistics out showing that first home buyers make up just 9.9% of all mortgages issued in February and asserts that first home purchasers of property sa are still much on the boundary of the property market, "First home purchasers of real estate are really having to make some compromises or come up with some cutting edge methods to access capital. "
Moulton claims the reports for first house purchasers in Adelaide is that affordability is an issue all over Australia, he says the other side of the coin for first house buyers of real estate in South Australia is that once they've got a foot in the door of the property market, then they'll be pleased with property price growth.
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Harcourts Soutgh Australia offer SA real estate for sale, land and homes for sale, rentals and commercial leasing, rural property sales, lifestyle real estate and business sales right across South Austrailia.
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