Sell with Confidence
Read More

Buying Malvern East Real Estate Possible Given Low Cash Rate

By Matt Hurlston

The Reserve Bank of Australia (RBA) announced yesterday (March 4) that the official cash rate would remain at 2.5 per cent. 

Though the decision was in line with the predictions of financial and property experts, the news will still be welcomed by those looking to secure property.

A lower cash rate makes borrowing more accessible for those wishing to buy or invest in real estate in Carnegie, Malvern East or nearby suburbs. 

Governor Glenn Stevens noted that long-term interest rates have remained low, while growth in housing construction is also expected. 

More dwellings could help ease pressure placed to secure property in capital cities such as Melbourne, which is known for its liveability and well-developed transport infrastructure. 

This may be welcomed by families who are first-time home buyers, given that "dwelling prices have increased significantly over the past year," according to Mr Stevens.

However, capital growth is a favourable outcome for investors and existing owners of Carnegie, Oakleigh and Malvern East real estate.

A low interest rate coupled with growth in housing construction may help more families secure the perfect first home. Get in touch with Matt Hurlston at Ray White Carnegie if you're thinking of buying property in 2014.

Up to Date

Latest News

  • Heartfelt Hughesdale Sale

    Homely Hughesdale house sold to the renters next door by Hughesdale sales agents Jin Ling and Matt Hurlston, with an exemplary outcome. With many schools in Hughesdale such as Hughesdale Primary School, St Anargiri Greek Orthodox College, Sacred Heart Girls’ College, as well as both Caulfield and Clayton Campus for … Read more

    Read Full Post

  • Caulfield Property Management

    Median House Price in Caulfield (Rentals) – $699 per week Median Unit Price in Caulfield (Rentals) – $430 per week Just Leased in Caulfield: 1/16 Kean Street – $685 per week 202/888 Glen Huntly Road – $360 per week 2 Urandaline Grove – $1000 per week 207/888 Glen Huntly Road … Read more

    Read Full Post