So what are the ramifications for an interest rate fall?
❓Has it something to do with the monumental housing shortage?
We need houses - and rate drop will increase demand for housing …. But may also boost supply !
❓Will rate drop encourage investors and developers back into the market to build houses, confident that prices will keep going up as rates fall?
Maybe
❓Will reduction of rates help with the High construction costs and delays getting permits to build more houses ?
Not sure !
💎Demand is increasing for units and sub $million houses
First home buyers get in with a 5% deposit and no lenders mortgage insurance.
And this money will be firmly directed like a blow torch on properties in the sub million dollar range.
High demand and low supply = price rises
My view - if you missed the last boom, you don’t want to miss what’s coming
If you want to get your Preapproval for a property loan happening - give me a ring at www.bsifinance.com.au
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