As investors use rate cuts to pay down mortgages and be more active in the market, this may see a tightening to credit restrictions, according to Riskwise
There is still strong demand for property in the eastern states, says Louis Christopher, managing director of SQM Research. Sellers were simply staying out of the market in April, waiting for the holidays to end, he says.
Low rates, limited supply hold Sydney, Melbourne auction clearances aloft
Sydney and Melbourne auction clearance rates held above 70% over the weekend, as the prospect of continued low interest rates spurred buyers to compete for scarce listings.
A strong Australian dollar and cheap euro mortgages make conditions highly favourable for savvy Australians to invest in European destinations right now.