If you've ever heard the name 'Bulimba', you know that it's a great neighbourhood with much to offer any resident. Who knows, you might even have idly browsed the houses for sale in Bulimba, but have been unsure about making the commitment and putting your chips on the table.
If this sounds like you then the recent news out of the Reserve Bank of Australia (RBA) should put a little skip in your step. The RBA has chosen to continue to hold the cash rate to its record-low of 2.5 per cent for a tenth straight month, sweetening an already stellar deal. This means that those enticingly low interest rates you've no doubt been hungrily looking over are all set to continue into the future.
With the cash rate set to stay at floor level, securing financing for the property you've been dreaming about in Bulimba or Hawthorne should be no problem. Given that low interest rates are already what has increased housing affordability – rocketing to 10.8 per cent more favourable than a year ago this March quarter, according to the Housing Industry Association's housing affordability index – this is encouraging for any budding buyer.
Bulimba is the perfect place to wield this newfound flexibility. Talk to a local real estate agent to get the process moving.