BresicWhitney Market Wrap

The Reserve Bank of Australia (RBA) has defied market expectations and left the cash rate unchanged at 4.5% for the fifth month in a row. The reprieve for borrowers and home owners may be short lived with the likelihood of a November rate hike still high.

As we head toward the busiest time on the domestic real estate calendar, we expect yesterdays decision will be a positive for those in the first home buyers category. The prospect of higher interest rates will only create demand from renters in what is already tight rental market.

www.bresicwhitney.com.au

Posted by Liam. 0 Comments

Category: Business Tags: Bresic Whitney, Real Estate