Sell with Confidence
Read More
News

OCR remains unchanged

Conditions remain in your favour if you're hoping to buy property in Bulimba, as it's been announced the official cash rate (OCR) will remain low for another month at least.

The Reserve Bank of Australia (RBA) met on 2 December and decided that conditions weren't quite right in the Australian economy to justify changing the OCR.

While this won't come as good news to some sectors, it means that access to affordable home loans remains on the cards for anyone yet to enter the property market.

Governor of the RBA Glenn Stevens explained that growth is moderate in the domestic economy at the moment, so every effort must be made to ensure this trend continues.

Changing the cash rate could upset the economic balance, which is why the RBA has decided it's best to keep it at 2.5 per cent for a while longer.

If you've yet to take advantage of the low cash rate environment, make sure you speak to the team at Ray White Bulimba for professional advice you can trust.

We're on hand to guide you through the property buying process and ensure you find real estate in the area that ticks all the right boxes.

Up to Date

Latest News

  • The Importance Of Art When Selling A Home

    In the quest of a safe sale, many homeowners make the mistake of stripping away decor and design to leave what was once a lived-in home feeling like four cold, empty façades. A prospective property buyer needs to be able to visualise themselves in a home and find their own … Read more

    Read Full Post

  • 5 Of The Best Before-And-After Kitchen Transformations

    The creative vision of a good designer or builder can be invaluable when you want to make big changes to your kitchen. If you’re faced with an uninspiring layout, you might be surprised at how radically different it could look with a little imagination. Check out these before and after … Read more

    Read Full Post