The Reserve Bank of Australia (RBA) has released its latest cash rate decision, stating it will remain at the historically low level of 2.5 per cent for at least another month. This could be great news for anyone looking into taking out a home loan and securing houses for rent in Belconnen.
With the option of securing a mortgage deal with a great interest rate currently available, the market conditions are perfect for securing property in the Belconnen real estate market – regardless of whether you're after an investment property, a first home or residential upgrade in the coming months.
Housing Industry Association (HIA) Economist Geordan Murray said the decision to leave the official cash rate at such a low level was a great decision to help further stimulate economic growth.
"The RBA appears satisfied with the way households are responding to current policy settings and particularly encouraged by the improvements in leading indicators of activity in the residential building sector," said Mr Murray in a March 4 statement.
Now could be the perfect time to begin considering property investment in Belconnen real estate. With the growth of property construction and new home sales expected to continue, this could be an opportunity to achieve your real estate dreams.