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Matt Hurlston of Ray White Carnegie: December quarter inflation drops offer potential retention of interest rates

By Matt Hurlston

The low interest rates that have been stimulating the nation since August 2013 could continue into 2015, with Australia's inflation dropping during the December quarter. This could offer those interested in buying real estate in Bentleigh a chance to find a great mortgage and move into their own home in the area. 

Housing Industry Association senior economist Shane Garrett said inflation dropped  to 1.7 per cent over the December 2014 quarter, with big drops in oil prices pegged as one of the reasons behind this outcome. 

"Fewer price pressures in the economy mean that a policy of very low interest rates is both justified and necessary. This is against the backdrop of below trend economic growth and unemployment persistently above 6 per cent," said Mr Garrett in a 28 January statement. 

With interest rates potentially remaining low, seeking out home finance options could be a fruitful experience for potential buyers in the coming months. 

Matt Hurlston of Ray White Carnegie

If you're interested in taking a look at the local Bentleigh real estate market, get in touch with Matt Hurlston at Ray White Carnegie. His insight into the community can help you find the right home for your needs easily. 

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