8 Apr 2011
This week’s decision by the Reserve Bank of Australia to keep the cash interest rate steady is a good sign for the real estate industry in Queensland and more to the point, Everton Park and surrounding suburbs of north-west Brisbane.
With late 2010 forecasts of quickly increasing interest rates, the outlook wasn’t looking brilliant for local real estate and there did seem to be a lull in purchases for some of the local real estate agencies from what we’ve heard. But with steady interest rates, there is some confidence returning to the market and sales are picking up around the Everton Park and surrounding areas.
Buyers don’t seem to be as apprehensive to purchase property when interest rates aren’t increasing, so sellers should be thinking about capitalising on this sooner rather than later.
As always, you should speak to your mortgage broker about your own circumstances, we’re just saying that it might be a good time to do it now whilst the RBA keeps interest rates steady.
Tip: If your property is priced right for the market, and you have an experienced professional negotiator working for you, like one of the team from Professionals Keith Brady Real Estate
in Everton Park, your property shouldn’t sit on the market for a long period of time waiting to be sold.