NSW property prices defying interest rate rises
The inability of interest rates to curtail real estate values stems from its limited reach, while for investors Sydney and NSW regional areas may present investment opportunities.
Regional centres in New South Wales, such as the Central Coast (pictured), are again offering investment potential. (Image source: Shutterstock.com)
The current interest rates strategy only impacts those people with mortgages and the pain needs to be distributed more evenly.
It was a bit of a surprise that the Reserve Bank of Australia (RBA) left rates on hold
this month.Softening inflation figures presented the opportunity, and the Governor cited a preference for “time to assess the state of the economy and the economic outlook and associated risks” in leaving the cash rate unchanged.
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