Homes Owners and Buyers welcomed news this week that the RBA left the official policy rate unchanged at 4.5%. It appears that the RBA has now reached a neutral basis and a point of equibrium with regards to the Australian economy. Ray White Maroochydore Director Dan Sowden commented “Although the hold of interest rates was largely expected, existing home owners and buyers are somewhat relieved after the consecutive rises throughout 2010”.
The Sunshine Coast Property market has performed well in 2010 with single digit percentage growth achieved in most suburbs, however rising interest rates will always raise a number of questions for any buyer considering purchasing. “With a good selection of property available and levelling interest rates, buyers should act quickly and with confidence ahead of the anticipated market rise” Dan added.
Source: Ray White Maroochydore