It is expected that a large amount of stock hitting the property market following the October long weekend. If you are a buyer whom may have 'thrown in the towel' due to the affordability of local homes then now may be a good time to sharpen your pencil and seek pre approval particularly with some banks tightening lending criteria.
With an isolated increase of investor interest rates last month by the RBA we believe pressure to rate interest rates due to a 'housing bubble' may have eased. We had predicted the cash rate to remain stable at this months RBA meeting which was the case. The RBA can now continue to review the local economic environment in it's entirety and set rates accordingly.
Beat the rush and get your property on the market before the October long weekend rush, call David on 0412 261 077 to discuss