Hi guys, Again the official interest rates were kept on hold at the final meeting for the year. There is continuing economic uncertainty with recent indicators deteriorating and we have definitely noticed the housing market weakening. There is also talk of a mid year rate cut for 2015 if the jobless numbers continue to rise. With the number of properties on the West Australian market currently at 13,264 (total including land) and historically a balanced market considered to be around 12,000 properties, buyers currently seem to be gaining the upper hand. It will be interesting to see what January brings given that December usually is rather quiet side for sales. Still its all relative when buying and selling :) Have a great day. Janey Pagels Quinn Real Estate 0408901858
Posted on: Tue, 02 Dec 2014 06:13:43 +0000
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