Ray White Queanbeyan

What’s happening in our market? Amidst the Reserve Bank of Australia’s (RBA) February decision to keep the cash rate at 1.5% for a record 18th month in a row, RayWhite Queanbeyan | Jerrabomberra continues to experience strong house sale prices, despite the press around a declining market. This is the longest period in history that the cash rate has remained unchanged; the last time was back in 2013-14 when it held for 17 consecutive months. It’s the broadly held view of many economists, with the low rate supportive of positive business conditions, the RBAwill leave the it at 1.5% for some time yet. According to Ben Kingsley, chair of Property Investment Professionals of Australia (PIPA) and reported in Your Investment PropertyMagazine, with strong economic growth forecasted for 2018 and 2019, the Reserve Bank is likely to push the cash rate higher. Regardless, it’s a fact that interest rates are currently sitting at record lows and will remain lower for a period to come. In other news, we’re delighted that RayWhite has just been awarded the Reader’s Digest ‘Quality Service Award’ for exceptional customer service, as voted by Australian consumers. According to Reader’s Digest, companies that receive this award have gone above and beyond their customer’s expectations. To experience the RayWhite difference for yourself, get in touch with us for an obligation free appraisal today. Brad O’Mara Director RayWhite Queanbeyan | Jerrabomberra