The latest cash rate decision could be great news for anyone looking to sell property in Rockhampton, with lower interest rates helping to spur on buyer confidence across the nation.
The first Reserve Bank of Australia (RBA) meeting of the new year saw the discussion of the official cash rate, which was lowered to a historically low level of 2.5 per cent back in August 2013.
Following the meeting, the decision to retain the cash rate for the next month could be great opportunity for those looking into selling their real estate in Rockhampton. With the reduction of interest rates for home loan products, the number of buyers in the market could increase in the near future.
For example, Housing Industry Association Senior Economist Shane Garrett said in the February 4 statement that the RBA's decision showed "sound policy prescription" and insight into the market, which could be good news for continued industry development.
"The recovery in new dwelling investment over the past year is evidence of this. Low interest rates can help to bolster domestic demand in particular," said Mr Garrett.
Now could be the perfect time to get serious about selling your Rockhampton property, especially with the increasing strength of the Queensland real estate industry overall.
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