Owners of real estate in Adelaide looking to sell should be pleased with the Reserve Bank of Australia’s (RBA) decision to keep the official cash rate unchanged at 2.5 per cent.
By keeping the key rate at an all-time low, home loan borrowers can still take advantage of more affordable mortgage options, increasing the amount of potential home buyers entering the market.
For owners of property in Adelaide, this means a greater pool of potential buyers to choose from, as well as the chance for home prices to rise based on higher demand.
In fact, the increasing value of property was highlighted by RBA Governor Glenn Stevens in his statement regarding the cash rate announcement.
“Monetary policy remains accommodative,” Mr Stevens said in his February 4 statement.
“Interest rates are very low and savers continue to look for higher returns in response to low rates on safe instruments. Dwelling prices have increased further over the past several months.”
With interest rates expected to remain low for the foreseeable future, property owners can take heart knowing the interest rate environment is likely to spur on home buyers.
By Laura Barry in association with Whether you’re looking to update your home according to the season, or want the space to feel a little more polished, there are a few simple changes you can make to your interior to achieve a luxe look without a big outlay. Elevating your interior style … Read more
By Samantha van Egmond in association with Discover budget friendly ways that fill your large walls with mirrors, art and textiles. A bare, white wall in your living area can be intimidating and make even the loveliest of homes feel cold, especially in winter. However, there are ways to inject personality into … Read more