Ray White Group Managing Director Dan White:
The central bank today dropped the cash rate after an emergency out-of-cycle board meeting to a record low of 0.25 per cent.
We’re calling on all the banks and lenders to pass on their rate easing in full, just as they did only 16 days after the latest rate cut.
Market forces set prices but we can help create the competitive environment through our skilled agents and marketing. There will always be people looking to transact.
Our members will always be able to create competition for our buyers and sellers in any market that we are faced with.
We are prepared and ready to work in this ‘new normal’ environment.
Source www.raywhite.com
By Nerida Conisbee | More about Nerida Conisbee Open home attendance data reveals how quickly buyers respond to policy changes. The week following the RBA’s rate decision saw attendance decline nationally, though the depth of softening varies significantly by market. Understanding how buyers respond to interest rate changes … Read more
By Nerida Conisbee | More about Nerida Conisbee The Reserve Bank lifts rates as it judges the risks of allowing inflation to remain above target outweigh the risks of further tightening. Strong employment and household spending create room for additional restraint on demand.