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Today, Reserve Bank of Australia has announced the cash rate to be kept at 2.0%. This is the lowest record in Australian monetary policy.
As a real estate agent, we are happy to the low interest rates as it keeps the homeowners happy and improve the investing activities in the property market. However, banks will not be too happy as their profit may be stagnant for the months to come.
So what is the impact of low interest rates to the property market? Here are three notable impacts:
Ernest Ng. WA's Licensed Real Estate Agent. MARA's Registered Migration Agent