Rates down, down, down. Market up?
Thursday 4th December
Hi
A massive cut in interest rates is bound to spark the languid property market into life, even though we are moving into the silly season, aka Christmas.
The Reserve Bank, today, cut its official cash rate (OCR) 150 basis points bringing it down to 5.0%, a number we haven't seen for a long time and one which six months ago we could only dream of.
These big cuts over the past few months are changing the numbers of investment properties. This means it is getting easier to make them cash flow positive, or at least get pretty close to a neutral situation.
Finish reading my blog here and leave your comments.
Warm regards
The Landlord
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