What fantastic news for the real estate market! Over the past two months we have seen the RBA slashing interest rates in an attempt to stimulate the economy and consumer spending. Month by month our government is realizing the positive effects of rate slashing and the confidence it installs in the consumer. With two rate slashes in a row, home hunters can now buy with more confidence and save money when the major banks also reduce rates.
As you can see on the below graph the cash rate has been declining since 1996.