The official cash rate has been kept at the low level of 2.5 per cent for at least another month, following the Reserve Bank of Australia's announcement earlier this week (2 September). This could be good news for those interested in purchasing real estate in Carnegie, with the cash rate helping to keep interest rates on home loans and mortgages low – providing buyers with an opportunity to secure a fantastic finance deal.
A number of different property organisations have supported the retention. For example, chairman of Loan Market Sam White said the cash rate has been held at a steady level for the longest period since 2003, after being kept at 2.5 per cent for 13 consecutive months.
Furthermore, Housing Industry Association Chief Economist Harley Dale said the retained level would be fantastic for further stimulating the future growth of Australia's real estate market heading into the future.
If you're interested in taking advantage of low interest rates and securing your own home in Carnegie, now could be the perfect time to get in touch with Matt Hurlston at Ray White Carnegie and being looking into suitable property options in the region.