The current low interest rate environment across Australia is helping to reinvigorate the buyer market nationwide, which is great news for the continued growth of the country's economy.
The Real Estate Institute of Australia (REIA) has outlined the growth of Australia's March quarter consumer price index (CPI), offering some insight into the effects of the low interest rate environment on buying activity seen nationwide.
REIA chief executive officer Amanda Lynch said the quarter saw the CPI rise by 0.2 per cent, with the annual rate only rising by 1.3 per cent. This is under the Reserve Bank of Australia's target of 2-3 per cent, presenting an incentive to retain the current financial environment to support further growth.
"With inflation under control combined with a slow down in housing finance, it's reasonable to expect that the RBA Board will not be increasing interest rates in the medium term, providing a stable outlook for home buyers," said Ms Lynch in a 22 April statement.
This could be great news for buyers interested in securing their own real estate in Bentleigh.
If you're an investor, be sure to get in touch with Matt Hurlston at Ray White Carnegie. His insight can be extremely useful for finding the most suitable property for your family or your portfolio.