Purchasing Main Beach real estate could be a great opportunity to take right now, with the latest data from the Australian Bureau of Statistics (ABS) indicating an improving inflation rate across the nation.
During the December quarter, the rate of inflation increased by 0.9 per cent and came to rest in the middle of the Reserve Bank of Australia’s (RBA) measure for growth, highlighting the increasing stability of Australia’s economy.
Senior economist for the Housing Industry Association Shane Garrett said there was no reason for the RBA to increase the cash rate in the coming months, after being dropped to historically low levels last year to help stimulate the nation’s finances.
“Today’s figures add further fuel to the notion that interest rates will remain at all-time lows for a considerable amount of time to come. It is encouraging to see the rate of housing cost a little below its medium term trend rate,” said Mr Garrett in a January 22 statement.
With interest rates expected to remain low for the foreseeable future, it could be a great opportunity for buyers considering real estate in Surfers Paradise to commit to the idea of purchasing property and securing a new home today.
Issue 34 | Thursday 18 April 2024 | Discovering Elegance: Surrey House – A Landmark of Timeless Living on the Gold Coast Hello, I’m Andrew Bell. As you’re aware, my fortnightly ENews aims to offer insights and information uncommonly found in the real estate market, providing context to current … Read more
Celebrating Success: Ray White Business Meets Sports Luncheon Raises $215,000 for Surfers Paradise Surf Lifesaving Club In a vibrant display of community spirit and generosity, the Ray White Business Meets Sports Luncheon held on March 22nd was a resounding success, bringing together 840 individuals from the Gold Coast business … Read more