Low Rates Fuel Spring Time Property Price Rises

Not surprisingly the RBA has just announced rates are on hold, given the pending Federal Election it looks like we are in a holding pattern at least until the dust settles!
The Housing Industry Association (HIA) recently released its quarterly housing affordability index for the June quarter of 2013, which registered another improvement. From the Media Release: ‘The cyclical improvement in housing affordability continued in the June 2013 quarter... The HIA-Commonwealth Bank Housing Affordability Index increased by 4.4 per cent in the June 2013 quarter to a level of 72.8. A synchronised increase across the capital cities and non-metro areas drove the further improvement in the June 2013 quarter’.

Key market trends indicate that your options to consider purchasing or refinancing are favourable;
  • low interest rates making home loans more affordable;
  • the growth of SMSFs as a vehicle to hold property investments;
  • increased confidence in the global economy.

Property Prices Rise

Please feel free to call us at any time if you wish to discuss any of these services or would simply like a review of your existing loan facilities.

Adrian Rogers - Director / MFAA Credit Adviser

Peter Cleary - MFAA Credit Adviser

Until next time...

Kind Regards,
Glenferrie Group Lending
Level 2, 691 Burke Road, Hawthorn East, VIC 3123
P.O. Box 1116, Camberwell, VIC 3124)

 

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