27. January 2012 19:12
We all know that Interest Rate had cut twice at the end of 2011, to be exact, during Melbourne’s Cup was the first rate cut with a 4.25%. After a year of high and up performance, Australian house price rose for the first 11 months. Interest Rate is the most Australian’s sensitive sector and some analysts expect to see house prices rising again this year 2012.
According to Rismark Director Christopher Joye, “For Australian’s capital city and regional markets, this was the single best monthly result since December 2010, and augurs well for housing activity during the first quarter of 2012, which we project will rebound solidly.” After the two consecutive Interest rate cuts that we had, it encouraged more buyers to return into the market and expect house price continue. Some Economists are forecasting that there will be another interest cut this early February and this coming rate cut will really help the market and encourage first home buyers to enter the market and there will possibility that house price will increase.