RBA cash rate cut - what does this mean for you?

Experts predict Gold Coast real estate prices will climb on the back of rising infrastructure spending, industry growth, jobs and lifestyle. And with the RBA taking a remarkable step of slicing 0.25% off the official cash rate, driving it down to a new record low of 1.25%, this could mean now is the time to look for value in suburbs where prices are rising, or in nearby suburbs where values are yet to trend up!
 
The RBA rates cut as well as the proposed APRA changes that will ease loan servicing rates are making it easier for home buyers to secure in suburbs such as Mermaid Beach where value is trending upwards. This is a significant win for investors and owner occupiers at Mahala Mermaid Beach as this means access to home loans, property investment and home ownership will become more affordable.

The million dollar question is how much impact the 0.25% rate cut has on average home loan rates?

Here’s how much you may save on your home loan repayments, based on the average home loan rate if you were to purchase one of our 2 or 3 bedroom apartments at Mahala Mermaid Beach, as an example:



Commonwealth bank, Macquarie Bank, NAB, RACQ Bank are among the many banks which have cut interest rates in full 25 basis points – with possibly many more to come!

Don’t miss the opportunity to reside in one of the most exclusive suburbs in the Gold Coast with resort style facilities to enhance the relaxed beachside lifestyle you desire. 

 

Secure your beachside apartment today by registering your interest now.

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