The Reserve Bank's 50 basis point cut to interst rates this month was long overdue and should spur prospective property buyers into action, say MMJ Agents.
Our agents expect more activity in the market place over the coming months after this news, however, the banks need to follow for any real action to be seen.
If the 50 basis points cut announced today is passed on y the banks, it will save $91 per month off the average mortgage and will make home loans around 4.3% more affordable for Australian Families.
This announement will stir movement in the lower end of the market and make buying a home more affordable for new investors and young buyers.
Thinking of Selling?
Now could be a good time to sell. Contact us to find out how MMJ can help you.