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Interest rates encouraged by easing inflation

By Ben Faulks

Keeping an eye on the state and national economy is a great way to tell when you should consider buying Belconnen real estate. These can offer telltale signs into the movements of markets and help you predict upcoming strengths, which can then be used to your advantage in the long term. 

For example, the latest release from the Housing Industry Association (HIA) has found national inflation decreased over the September quarter, helping to reaffirm the idea that low interest rates will be here for a while. 

This is great news for buyers of real estate, allowing for low interest rates – and thus, lower repayment amounts – to be secure by those making moves into their local markets over the coming months. 

HIA senior economist Shane Garrett said inflation eased back to 2.3 per cent after tracking up at three per cent during the June quarter, thereby remaining well within the Reserve Bank of Australia's target inflation range. 

With these figures expected to remain steady for the the foreseeable future, now could be a great time to consider buying your own real estate in Belconnen. Get in touch with a local real estate agent today to begin researching the various options available to you in the local community. 

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