KOCHIE: Rate cut good for property
Now we’ve explained the rationale of the Gold and Sunshine Coasts, an expected cut in official interest rates next week will not only help property markets but also retailers.
Confidence is a huge issue in Australia at the moment. Consumers have gone into the bunker because of the concerns in Europe and the global economy. They’re not spending at the shops, they’ve curbed borrowing and are generally super cautious.
A cut in rates could be just the tonic to boost retail sales and the property market.
For the real estate agents on the Gold Coast, that doesn’t mean a return to boom conditions but it might limit some of the pain which is still coming.
Related blogsBank stress test
Why Gold Coast real estate agents are the world's supreme optimists.... Or loose with the truth
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1 Comments
I'm not happy with the response time I'm having to wait for a complaint to Asic, do you have any suggestions?
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