Well, interest rates have risen again. This month’s rate rise was disappointing for many property owners and for those currently searching for a new home or investment property. However, there was no huge collective groan from the market place, no real raising of voices, no real upheaval and definitely no pull-back from buyers.
The reason being of course, that the last rise in rates and the couple previous have been well flagged by the Reserve Bank and media outlets. All lending institutions well and truly factor these rate increases into their calculations. Having said that, keep your eyes and ears close to the media for the next possible rise. The REIQ holds a firm view that all property owners and buyers should factor and future increases into their decision making. That way, no one is taken by surprise and placed in a difficult financial position.
Source: REIQ update, Sunshine Coast zone chair Brett Graham
Sunshine Coast, QLD – Ray White Maroochydore and Buderim have once again demonstrated the strength of the Sunshine Coast property market, delivering outstanding results at their latest Auctions at Altitude event, with nearly $30 million in confirmed sales transacted in a single evening. The event brought 34 properties to market, … Read more
We’re incredibly proud to share that we’ve reached 1,500 Google reviews in just one year – a milestone that reflects not only the trust our clients place in us but also the commitment we bring to every interaction. This achievement isn’t just about the number. It’s about the people behind … Read more