Sell with Confidence
Read More

Cash rate reduction could aid Bentleigh property buyers

By Matt Hurlston

The wider economy is an important factor to consider when you're looking to buy or sell property in Australia. 

It can tell you a lot about the type of finance available to you for your own endeavours to purchase real estate in Bentleigh

That's why the Reserve Bank of Australia's decision to lower the official cash rate to the historic low of two per cent on 5 May could be an incentive for anyone who has been weighing up their property options. 

Housing Industry Association economist Geordan Murray said the reduction was made to help further support for new housing construction, which is currently at a record high level across the country. 

"New home building has been amongst the strongest performing sectors in the economy and the low interest rate environment has certainly played a role in boosting industry activity," said Mr Murray in a 5 May statement. 

"Looking beyond residential building, today's rate cut will provide the support necessary to reignite business investment more broadly." 

Purchasing Bentleigh real estate

A reduced cash rate could have a big effect on the interest rate you can secure on a mortgage, which could potentially help you save money and shave years off your repayments. 

If you're interested in buying Bentleigh real estate in the near future, get in touch with Matt Hurlston at Ray White Carnegie today. 

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