WHAT DOES THE INTEREST RATE REALLY MEAN?

Now that we have heard the news that the Reserve Bank of Australia (RBA) has increased interest rates, what does it really mean for those looking at buying or selling Sunshine Coast real estate?

We all know that the cost of petrol, food and life's essentials has surged.  The Consumer Price Index (CPI) rose 2.1% in the first quarter of 2022, according to the Australian Bureau of Statistics. Interest rates are one the main tools used by the banking system to manage inflation rates.  A rise in rates means it is more expensive to borrow money, and sometimes that leads to less demand for goods and services.  So the RBA is raising rates to control inflation.

According to Domain's March 2022 House Price Report, the Sunshine Coast rea...

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George & Ema, Everton Hills, QLD

“Murray always kept us updated. We didn’t need to call him once.”

George & Ema chose Murray Steele to sell their home. Read their RateMyAgent review here.

Tell us about the property you were selling.

When my wife Ema and I decided to sell the Sunshine Coast investment property that we’d owned for six years, we knew that a good sale price would consolidate our financial position and help ensure a solid future for our kids.

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