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Steady Cash Rate To Strengthen Real Estate Market

By Andrew Bell

Now could be the perfect time to consider purchasing real estate in Surfers paradise, as the Reserve Bank announced its decision to retain the cash rate at the historically low level of 2.5 per cent earlier this week (December 2).

This decision was made the help stimulate the development of economic strength and the overall state of the nation's finances, with Reserve Bank Governor Glenn Stevens stating that the housing market was one of the main markets to grow over the last few months.

Furthermore, Loan Market Director Mark De Martino highlighted that homebuyers had been the real winners over the last few months, with interest rates for home loans falling in line with the reduced cash rate.

With the cash rate remaining the same for the rest of 2013, the Reserve Bank has posed Australia's housing market to grow into the new year with enough momentum to continue with great results in the future.

If you're interested in Surfers Paradise property, now could be the perfect time to discuss the options available to you with a local real estate agent. Gaining their market insight and advice will be invaluable when it comes to making the right property decisions for you and your family.

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