April 9, 2024
𝗕𝘂𝘆 𝗡𝗼𝘄 𝗼𝗿 𝗪𝗮𝗶𝘁? 𝗜𝗻𝘁𝗲𝗿𝗲𝘀𝘁 𝗥𝗮𝘁𝗲𝘀 𝗮𝗻𝗱 𝗣𝗿𝗼𝗽𝗲𝗿𝘁𝘆 𝗜𝗻𝘃𝗲𝘀𝘁𝗺𝗲𝗻𝘁
The Reserve Bank of Australia (RBA) might cut interest rates later in 2024. This can save you money on monthly repayments and boost your rental income. But there’s a catch: property prices may rise while you wait.
𝗛𝗲𝗿𝗲’𝘀 𝘁𝗵𝗲 𝗱𝗶𝗹𝗲𝗺𝗺𝗮:
– 𝗟𝗼𝘄𝗲𝗿 𝗶𝗻𝘁𝗲𝗿𝗲𝘀𝘁 𝗿𝗮𝘁𝗲𝘀: Good for short-term affordability and cash flow.
– 𝗥𝗶𝘀𝗶𝗻𝗴 𝗽𝗿𝗼𝗽𝗲𝗿𝘁𝘆 𝗽𝗿𝗶𝗰𝗲𝘀: Could negate the benefit of lower interest rates.
𝗧𝗵𝗲 𝘂𝗻𝗽𝗿𝗲𝗱𝗶𝗰𝘁𝗮𝗯𝗹𝗲 𝗳𝗮𝗰𝘁𝗼𝗿: Interest rate cuts depend on domestic and international economic factors. Experts struggle to predict these movements. Rates could stay high longer than expected.
𝗗𝗼𝗻’𝘁 𝘁𝗿𝘆 𝘁𝗼 𝘁𝗶𝗺𝗲 𝘁𝗵𝗲 𝗺𝗮𝗿𝗸𝗲𝘁: Property investment is a long-term game. Over 30 years, property values have grown 382% according to CoreLogic, despite interest rate fluctuations.
𝗙𝗼𝗰𝘂𝘀 𝗼𝗻 𝘁𝗵𝗲 𝗯𝗶𝗴 𝗽𝗶𝗰𝘁𝘂𝗿𝗲: Find a property that fits your criteria and budget. A potential rate cut won’t significantly impact your investment’s long-term value.
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