Early Sales point in January 2012

January is usually the quietest month for sales but early January most agents surprised the number of freshly listed home selling and home sales as well. One of the reasons why it happened because of the two interest rate cuts last November and December. It really helped to encouraged home buyers to enter and penetrate the market. Lower interest rates have helped the property market and many are expected that they could even go down further this year.

According to Senior Economist with the Fairfax-owned Australian property Monitors, Andrew Wilson, “Housing affordability is at its best level for a while with most prices flat over 2011 and interest rates down. So there is a little bit more optimism since last year and more confidence to Australian Economy and another rate cut this early first quarter will really improve the market and this is the big surprise to all because this rarely happen of freshly listed home selling since January is the quietest month.