Balancing Act: RBA's Interest Rate Stance Amid Declining Inflation

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​​.

Choosing whether to buy or sell first is truly a personal choice based on your individual circumstances. Deciding whether to buy or sell a property first is a crucial conundrum that confronts many homeowners, each option carrying its own set of advantages and challenges. The real estate market is dynamic, influenced by various factors such as location, market conditions, and personal circumstances.

Your property is usually just one in a very long list of properties a buyer will see, so it’s crucial that they see it in the best possible light. The more desirable your property appears, the better your sale price is likely to be.  It’s important to make sure your property looks its best from the moment it goes onto the market. First impressions really do last when it comes to presenting your property for sale.

There is no ‘right time’ to sell your property, it really comes down to your individual circumstances. Other factors such as economic and market conditions will also always play an important role in timing your sale. Opportunities exist in all markets, provided your agent knows how to position your property effectively.

With hundreds of properties listed on the market, how do you make your listing stand out in the crowd and grab the attention of every possible buyer.

Putting a value on your property can sometimes be difficult when emotions and past expenditure come into play. This is why a professional agent’s opinion is so important.