1 November 2011 was certainly a day of some varying news. The news of course that is good for property investors is that there was an interest rate decrease, and even better still the banks passed it on!
With the financial markets still in disarray there is a good chance that there could be further interest rate decreases in the next 6 months and if that is so then the property market on the Far South Coast should become quite fluid again.
When the interest rates do come down further, that could mean investors will be saving somewhere from $15 to $100 every week. Even if it’s just a little bit of money you now have to spend, the reality is that these days, anything helps.