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Solid Activity Forecasted for Real Estate SA In 2014
The Reserve Bank of Australia has suggested that the low interest rates for home loans will continue all though 2014, which is good news for many householders.
Head of Harcourts for South Australia Greg Moulton says that the indication from the Reserve Bank governor Glenn Stevens that the low cash rate is unlikely to change anytime soon, will result in buoyant real-estate sa for 2014. "Maintaining the official cash rate at 2.5% is excellent news for stockholders, house owners and first home buyers of property SA," announces Mr Moulton.
Moulton continues, "A low official cash rate and relative steadiness in rates enables purchasers to plan in advance and gives certainty to real estate sa decisions."Moulton goes on to assert that a period of stableness for 2014 will be a boost for purchaser confidence, particularly where South Australia property has not been performing so strongly, and steadiness will keep up the momentum in other real estate SA markets that are already performing well. The governor of the Reserve Bank has to act in the best interest of the Australian economy and by leaving the official cash rate unchanged, the Reserve Bank is providing confidence to real estate sa in the short to medium term.
Moulton claims that by suggesting that rates will remain low through 2014 also shows the Reserve Bank is supporting solid activity in South Australia, "The SA market is intrinsically linked to the local South Australian economy, and particularly the Adelaide economy, due to small business owners drawing down on capital gain from their home and re-investing it into their business. "
The challenge for the Reserve Bank is to balance the good health of the economy with first house buyers who are attempting to get a foot in the door of property. Moulton points towards new statistical data out showing that first home purchasers make up just 9.9% of all mortgages issued in February and says that first home purchasers of real-estate sa are still much on the periphery of the real estate market, "First home buyers of property are truly having to make some compromises or come up with some innovative paths to access capital. "
Moulton says that the stories for first house buyers in Adelaide is that price is an argument all over Australia, he claims that the other side of the coin for first home purchasers of real estate in South Australia is that once they've a foot in the door of the real estate market, then they'll be pleased with property price growth.
Head of Harcourts for South Australia Greg Moulton says that the indication from the Reserve Bank governor Glenn Stevens that the low cash rate is unlikely to change anytime soon, will result in buoyant real-estate sa for 2014. "Maintaining the official cash rate at 2.5% is excellent news for stockholders, house owners and first home buyers of property SA," announces Mr Moulton.
Moulton continues, "A low official cash rate and relative steadiness in rates enables purchasers to plan in advance and gives certainty to real estate sa decisions."Moulton goes on to assert that a period of stableness for 2014 will be a boost for purchaser confidence, particularly where South Australia property has not been performing so strongly, and steadiness will keep up the momentum in other real estate SA markets that are already performing well. The governor of the Reserve Bank has to act in the best interest of the Australian economy and by leaving the official cash rate unchanged, the Reserve Bank is providing confidence to real estate sa in the short to medium term.
Moulton claims that by suggesting that rates will remain low through 2014 also shows the Reserve Bank is supporting solid activity in South Australia, "The SA market is intrinsically linked to the local South Australian economy, and particularly the Adelaide economy, due to small business owners drawing down on capital gain from their home and re-investing it into their business. "
The challenge for the Reserve Bank is to balance the good health of the economy with first house buyers who are attempting to get a foot in the door of property. Moulton points towards new statistical data out showing that first home purchasers make up just 9.9% of all mortgages issued in February and says that first home purchasers of real-estate sa are still much on the periphery of the real estate market, "First home buyers of property are truly having to make some compromises or come up with some innovative paths to access capital. "
Moulton says that the stories for first house buyers in Adelaide is that price is an argument all over Australia, he claims that the other side of the coin for first home purchasers of real estate in South Australia is that once they've a foot in the door of the real estate market, then they'll be pleased with property price growth.
About the Author:
Harcourts Soutgh Australia offer SA real estate for sale, land and homes for sale, rentals and commercial leasing, rural property sales, lifestyle real estate and business sales right across South Austrailia.
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