A good time for buyers in the housing market

A good time for buyers in the housing market

The residential property market can sometimes be a confusing space to navigate, especially with the media attention it often generates and receives.  The views of property commentators, as well as the constant flow of data released, often appear to be conflicting, with the media conveying sometimes contradictory signals to buy, sell, or hold. 

But with the recent reduction in the Reserve Bank Interest rate to the lowest level for 3 generations, surely the time is right to buy a property?

 At the moment, with the conditions that we’re seeing across the national market, it is a appears that those who are ready to buy are positioned quite nicely. 

And with the Reserve Bank of Australia deciding last week to keep the low interest rates on hold for the next month at least, buyers who require financing have another window of opportunity to obtain mortgages with favourable interest rates. 

It would appear therefore, that the property market in its current state may hold some good opportunities for those who are in a position to make a purchase.