The Reserve Bank of Australia has suggested that the low rates for home loans will continue through 2014, which is pleasant news for many householders.
Head of Harcourts for South Australia Greg Moulton says that the indication from the Reserve Bank governor Glenn Stevens that the low cash rate is unlikely to change soon, will end up in buoyant real-estate sa for 2014. "Maintaining the official cash rate at 2.5% is great news for speculators, house owners and first house purchasers of property SA," asserts Mr Moulton.
Moulton continues, "A low official cash rate and relative equilibrium in rates enables everybody to plan in advance and gives certainty to property sa decisions."Moulton goes on to assert that a period of stableness for 2014 will be a boost for buyer confidence, particularly where South Australia real-estate has not been performing so strongly, and steadiness will keep up the momentum in other real-estate SA markets that are already performing well. The governor of the Reserve Bank has to act in the best interest of the Australian economy and by leaving the official cash rate unchanged, the Reserve Bank is providing confidence to real-estate sa in the short to medium term.
Moulton announces that by indicating that IRs will remain low through 2014 also shows the Reserve Bank is supporting solid activity in South Australia, "The SA property market is intrinsically interlinked to the local South Australian economy, and particularly the Adelaide economy, due to home entrepreneurs drawing down on capital gain from their home and re-investing it into their business. "
The challenge for the Reserve Bank is to balance the good health of the economy with first home buyers who are endeavoring to get a foot in the door of real-estate. Moulton points towards new statistical data out showing that first home purchasers make up just 9.9% of all mortgages issued in February and claims that first home purchasers of real-estate sa are still much on the boundary of the real estate market, "First house buyers of property are really having to make some compromises or come up with some innovative ways to access capital. "
Moulton says the stories for first house buyers in Adelaide is that cost is a controversy all over Australia, he says the other side of the coin for first house buyers of property in South Australia is that once they've got a foot in the door of the real estate market, then they'll be pleased with real-estate price growth.
Head of Harcourts for South Australia Greg Moulton says that the indication from the Reserve Bank governor Glenn Stevens that the low cash rate is unlikely to change soon, will end up in buoyant real-estate sa for 2014. "Maintaining the official cash rate at 2.5% is great news for speculators, house owners and first house purchasers of property SA," asserts Mr Moulton.
Moulton continues, "A low official cash rate and relative equilibrium in rates enables everybody to plan in advance and gives certainty to property sa decisions."Moulton goes on to assert that a period of stableness for 2014 will be a boost for buyer confidence, particularly where South Australia real-estate has not been performing so strongly, and steadiness will keep up the momentum in other real-estate SA markets that are already performing well. The governor of the Reserve Bank has to act in the best interest of the Australian economy and by leaving the official cash rate unchanged, the Reserve Bank is providing confidence to real-estate sa in the short to medium term.
Moulton announces that by indicating that IRs will remain low through 2014 also shows the Reserve Bank is supporting solid activity in South Australia, "The SA property market is intrinsically interlinked to the local South Australian economy, and particularly the Adelaide economy, due to home entrepreneurs drawing down on capital gain from their home and re-investing it into their business. "
The challenge for the Reserve Bank is to balance the good health of the economy with first home buyers who are endeavoring to get a foot in the door of real-estate. Moulton points towards new statistical data out showing that first home purchasers make up just 9.9% of all mortgages issued in February and claims that first home purchasers of real-estate sa are still much on the boundary of the real estate market, "First house buyers of property are really having to make some compromises or come up with some innovative ways to access capital. "
Moulton says the stories for first house buyers in Adelaide is that cost is a controversy all over Australia, he says the other side of the coin for first house buyers of property in South Australia is that once they've got a foot in the door of the real estate market, then they'll be pleased with real-estate price growth.
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Harcourts Soutgh Australia offer SA real estate for sale, land and homes for sale, rentals and commercial leasing, rural property sales, lifestyle real estate and business sales right across South Austrailia.
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