Interest rates set to remain at historic lows into 2018
The Real Estate Conversation has recently released an article claiming that ‘interest rates have been on hold at historic lows for 16 consecutive months.” The best news is that according to experts, this profession is unlikely to change for much of 2018.
The Reserve Bank announced on December 5th that it will leave interest rates on hold at 1.50 per cent, meaning that the heat is slowly decreasing on the housing market.
The article states that “the Sydney housing market has slowed from 17.1 per cent annual growth in May, to only 5.0 per cent growth at the end of June. Property values across the combined capital cities fell by 0.1% in November.”
To find out more, read the full article here.