Record Low Interest Rates

There RBA has lowered interest rates today to a low 0.75% which means most people get some breathing space and a little more disposable income that should boost the economy. The RBA has lowered interest rates 3 times this year which lowered the interest rate by 0.75 pints from the start of this year.

A bold move by RBA to drive the economy. And effective one too for the property market, which has seen a steady recovery and  growth at least in the south eastern suburbs. Being involved in property conveyancing, RET conveyancing has been trough the roller coaster of the property market for over 35 years and from the current increased activity levels we are confident that property is on the way to another boom. Today's interest rate cut will only add fuel to the fire and will give investors more confidence to enter. There are significantly more signed contracts of sale coming in now to our conveyancing office, more contracts reviewed and the prices mostly are above expectation.