The window to purchase property investment is NOW! Published 04 Apr 2023 | Updated September 26th, 2023
The Reserve Bank of Australia (RBA) has today confirmed a hold to the cash rate at 3.60%, putting an end to the continuous rate rises felt since May 2022.
This has come after Australia’s annual inflation rate slowed in February by more than half a percentage point. The balancing out of cost changes helps to provide certainty around cash flow projections and increased comforability when purchasing investment properties.
With this pause in interest rate increases we anticipate seeing a positive change to buyer sentiment, and many purchasers re-entering the market. This buyer pool will include both investors and owner-occupiers and will blend across all asset classes, including homes, townhomes, and apartments.
With more buyers entering the market and coupled with the current record-low supply, is likely to lead to a further increase in sales prices and rental demand. Investors who enter the market at the start of a buying cycle are best positioned to benefit from price rises resulting from increased activity. In this particular cycle, increased rental returns are an added bonus for property investors.
At Property Ducks, we believe that the time is ripe for property investors to take advantage of the current market conditions. With the current cash rate sitting at a manageable 3.6%, now is the time to act and invest in your future.
Property Ducks has access to a variety of projects including brand new complete homes in Melbourne’s growth corridors.
Don’t let this opportunity pass you by.