The Reserve Bank has given homebuyers in South East Queensland an even better reason to take up quality home and land packages in the region. The Bank handed down an 0.25 percent interest rate cut to bring levels down to a new low of 1.50 percent, citing the need to boost sustainable growth in the sluggish economy.
According to Governor Glenn Stevens, “…prospects for sustainable growth in the economy, with inflation returning to target over time, would be improved by easing monetary policy.”
This desire to boost sluggish growth is excellent news for potential homebuyers and those already with mortgages. According to financial comparison site Finder, those with an average $300,000 variable mortgage would gain an extra $50 per week from the Reserve’s decision, provided the full cut is passed on by the banks.
Those interested in great quality, zero deposit, full turnkey house and land packages in premier locations such as South East Queensland now have even more reason to check out the market.
Already listed as one of the nation’s real estate hotspots, South East Queensland offers advantages such as great education infrastructure (such as schools, TAFE colleges, universities), excellent public transport as well as an unmatched climate and easy and quick access to major towns and cities.
Interested in hearing more about why now is the time to purchase in South East Queensland? Like to hear how you can purchase your zero deposit, full turnkey home and land packages, fixed price build contracts with a guaranteed build time and with master builders? Contact us and ask how we can assist you get into the home you want, faster than you ever thought possible!