The RBA today has cut interest rates to a 53 year low.
In doing so it has avoided reaching one of the longest periods of interest rate inactivity since the GFC by cutting the official cash rate by 25 basis points.
The Ray White Group says this will give everyone confidence that we will have a more certain winter market than some commentators were suggesting.
The bad news for first home buyers is that it may make life more difficult for prospective first home buyers on the Sunshine Coast.
Dan Sowden of Ray White Maroochydore says that investors are the winners today.
“First home buyers now have real risk of being pushed out of the market by yield-hungry investors,” Mr Sowden said.
“With the cash rate now sitting at 2.75 per cent and tenants still paying above average rents locally, investors are enjoying 5, 6 or 7 per cent rental yields.”
“Further, as rates continue to remain at market low levels, the number of distressed sales reduce as sellers can afford to hold their real estate for the long term.”
The Ray White Group monthly result of $2.44 billion in April, some 18 per cent up on last year, suggests a stronger lead into winter than last year.
The Ray White Group is the largest property company in Australia.
Important Update: New Seller Disclosure Requirements from 1 August 2025 From 1 August 2025, a new statutory Seller Disclosure Regime will take effect across Queensland as part of the implementation of the Property Law Act 2023. This legislative reform is designed to enhance transparency, reduce contract disputes, and ensure that … Read more
December Market Monitor: Ray White Coastal Living Network The Ray White Coastal Living Network’s December Market Monitor reveals a dynamic end to the year, with notable shifts in buyer activity, auction results, and private treaty sales. Here’s a snapshot of the key trends and insights from the quarter. Auction Market … Read more