Did you know the Reserve Banks rates have remained unchanged almost all footy season?
Who would have thought the footy would put interest rates into perspective?
3 in a row for Hawthorne & 6 in a row for borrowers Photo: Joe Armao
The AFL kicked off their season on the 2nd of April, the NRL (what a Grand Final!!) a month earlier.
The Reserve Banks last activity occurred on the 5th of May where the decision was made to drop the cash rate by 25 basis points to 2.0 per cent. Now Six months later the rates are still at an all time low and inflation also the lowest in recent times.
So, six wins in a row for borrowers, your half way there Hawthorne!
Consistently low interest rates have generated a tremendous increase of activity, especially in the Sydney and Melbourne markets, these last couple of months has seen the undervalued Gold Coast market really begin to heat up, hello opportunity!
So what are your plans for the Gold Coast market?
Interested in renting, selling or buying on the Gold Coast?
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Watch the video provided by The Courier Mail – Understanding Interest Rates.
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Centrally located MPM Parkwood office.
Phone: (07) 5514 5514
Fax: (07) 5514 5500
Email: admin@mpmproperty.com.au
Office Address
1/318 Olsen Avenue,
Parkwood
Queensland, Australia 4214
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Weekends by appointment