Sell with Confidence
Read More

Borrowers make the most of low cash rate

Anyone who has recently purchased Hawthorne real estate may find they’re in a better financial position than expected, as many borrowers are using the low cash rate environment to their advantage.

The Reserve Bank of Australia’s (RBA) latest Financial Stability Review found that mortgage customers are making the most of low rates and paying down their loans much faster.

Data showed prepayment rates have increased, as has the amount of borrowers who are currently ahead of schedule on their mortgage repayments.

The official cash rate has now been at 2.5 per cent for over a year – and it’s the first time it has ever been this low.

The RBA suggested that household stress has fallen, which has given homeowners the incentive they need to pay off their home loans quicker than usual.

In fact, the real net worth in an average Australian household increased around 4 per cent over the past year, while the household saving ratio is relatively high.

If you’re yet to make the most of the low cash rate environment and get onto the property ladder, make sure you give the team at Ray White Bulimba a call.

They are experienced in the local market and can assist you in finding a property that meets your needs and budget.

Up to Date

Latest News

  • First Impressions

    Like a first date, you only have about 5 seconds to make a good first impression. Also like dating, buying is a sensory experience. Looks, smells and sounds all matter. But let’s separate from the analogy now. It’s important before you put your property on the market that you give … Read more

    Read Full Post

  • Prestige Property Auction Event

    BRISBANE’S MOST EXCLUSIVE PRESTIGE PROPERTY AUCTION EVENT On Saturday the 5th of December, at Brisbane’s amazing Calile Hotel, we are going to be holding a prestige property auction event. This will be the most exclusive auction event ever to be held in Brisbane! The event has already attracted national and … Read more

    Read Full Post