The Reserve Bank of Australia has pointed to the fact that the low interest rates for home loans will continue all though 2014, which is pleasant news for many home owners.
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 unlikely to change anytime soon, will end in buoyant real estate sa for 2014. "Maintaining the official cash rate at 2.5% is great news for speculators, house owners and first house buyers of real-estate SA," announces Mr Moulton.
Moulton continues, "A low official cash rate and relative stability in interest rates enables everyone to plan in advance and gives certainty to real-estate sa decisions."Moulton goes on to claim that a period of stableness for 2014 will be a boost for buyer confidence, particularly where South Australia real estate has not been performing so strongly, and equilibrium will keep up the momentum in other property 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 IRs 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 home entrepreneurs 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 home buyers who are trying to get a foot in the door of property. Moulton points towards new stats out showing that first home purchasers make up just 9.9% of all mortgages issued in February and claims that first home purchasers of real-estate sa are still much on the boundary of the real estate market, "First home purchasers of real estate are actually having to make some compromises or come up with some leading edge methods to access capital. "
Moulton says the stories for first house buyers in Adelaide is that affordability is a controversy all over Australia, he claims that the other side of the coin for first house buyers of real estate in South Australia is that once they have a foot in the door of the property market, then they'll be pleased with real estate 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 unlikely to change anytime soon, will end in buoyant real estate sa for 2014. "Maintaining the official cash rate at 2.5% is great news for speculators, house owners and first house buyers of real-estate SA," announces Mr Moulton.
Moulton continues, "A low official cash rate and relative stability in interest rates enables everyone to plan in advance and gives certainty to real-estate sa decisions."Moulton goes on to claim that a period of stableness for 2014 will be a boost for buyer confidence, particularly where South Australia real estate has not been performing so strongly, and equilibrium will keep up the momentum in other property 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 IRs 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 home entrepreneurs 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 home buyers who are trying to get a foot in the door of property. Moulton points towards new stats out showing that first home purchasers make up just 9.9% of all mortgages issued in February and claims that first home purchasers of real-estate sa are still much on the boundary of the real estate market, "First home purchasers of real estate are actually having to make some compromises or come up with some leading edge methods to access capital. "
Moulton says the stories for first house buyers in Adelaide is that affordability is a controversy all over Australia, he claims that the other side of the coin for first house buyers of real estate in South Australia is that once they have a foot in the door of the property market, then they'll be pleased with real estate 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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