On February 6, 2024, the Reserve Bank of Australia (RBA) made a pivotal decision to maintain the cash rate at 4.35%, marking its first policy announcement of the year. This decision comes against a backdrop of gradually declining inflation, which eased to 4.1% in the December quarter, down from 5.4% in September.
Setting the right sale price for your property is imperative. A new listing will generate interest from agents and potential buyers. After they have viewed the property, interest will decline which makes it crucial to list your property at the right price when if first goes on the market.
186-190 Lygon Street, Carlton, a former hotel and now commercial office building has sold for $6.8m, the first and only sale on the iconic strip for 2019. The imposing corner freehold was offered as a blank canvass, appealing to occupiers, investors and developers.
Keen buyers are being urged to keep their eyes peeled for property bargains over summer, as experts report an emerging trend for vendors to list earlier in the year.
The biggest reason to sell without using an agent is the age old burden of commission. Every home owner thinks right at the moment they decide to sell ‘maybe I could sell it myself and save heaps of cash.
Low interest rates are good news for home owners. Although banks haven’t passed on the recent cuts in full, most borrowers have still seen their mortgage repayments reduce.