Buying property? Then this blog is for you!!

This blog helps the property buying community to more easily share strategies, stories and helpful tips. It is an open blog. Anyone can join, contribute and invite others to join.

If you would like to talk property, please contact us:
Office: 1300 911 576
Martyn Fleming: 0400 000 822
Guy Clarke: 0409 055 128
E: enquiries@morpheusproperty.com.au
W: www.morpheusproperty.com.au
_________________________________________________________________

04 December 2012

RBA places .25 points under the Christmas Tree

RBA announced today that they will reduce the cash rate by 0.25 points, down to 3.00%. We'll watch to see how the banks respond and what net benefit homeowners are likely to receive from today's decision.

With yet another downward movement, it looks like interest rates will (at worst) be stable over the coming months - allowing home buyers to belt down their principal payments and own their home sooner, as well as allowing investors to achieve attractive gearing ratios.

If you would like more information on the Queensland property market, give your local Buyer's Agency a call on 1300 911 576.

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