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This Week In Property

5 THINGS YOU NEED TO KNOW THIS WEEK - 8 OCTOBER 2019

Keep up to date with all the latest news from the Australian property market this week.

  1. How much of last week’s Reserve Bank rate cut did your bank pass on? The major banks only passed on between 0.13 and 0.15 to owner-occupiers, however your mortgage broker should be able to find you a better deal.

  2. The big winners last week were property investors, who received up to 0.3 per cent cuts to interest-only loans from the major banks.

  3. Despite many people leaving town or turning to the NRL grand final, Sydney auction clearance rates held firm over the long weekend as supply remains tight.  

  4. House prices are expected to rise again this month after it was revealed the price of existing homes in Sydney grew 1.7 per cent in September.

  5. The price of new house and land packages, on the other hand, are yet to escalate in-line with the existing home market.  Finding a build-ready lot is proving a much more affordable way to get into the Sydney property market at the moment

Now is the perfect time to speak with a Thrive Homes Sales Consultant about building your new home, so why not get in touch today!

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