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Ph (03) 9600 1111
Fax (03) 9278 8830
Level 9, 365 Queen St
Melbourne, Vic 3000
Australia
Southbank Central
Inspect at
191 CityRoad Southbank
Melway: 1D M6
Mon - Sat, 10am to 5pm
Sundays 12 to 5pm |
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News & Editorials
Every week Central Equity writes a number
of news editorials which appear in Melbourne newspapers. This weeks article is posted below.
Click here
to access our archive of news editorials
14/02/01
Aussie Interest
Rates Slashed
0.5% rate cut to increase affordability and
demand
Last Wednesday (7th February, 2001) the Reserve Bank of Australia
cut the Prime Lending Rate by a full 0.5% to 5.75%.
Most analysts now believe that interest rates will remain low for
the foreseeable future and may even fall again in the next 6 month
as teh rate now appears to be in a downward trend.
Historically, a fall in interest rates (and the associated improvement
in property affordability) leads to increased demand for residential
property.
This increased demand often causes growth in property prices as more
buyers in the market increase competition for available properties.
Combined with Victoria's strong economy, low unemployment and affordable
apartment prices (compared to the other major capital cities) now
is an excellent time to invest in a Melbourne apartment.
Click
here
for the archive of Central Equity editorials
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10/02/01
2/02/01
6/01/01
23/12/00
16/12/00
9/12/00
25/11/00
18/11/00
11/11/00
4/11/00
28/10/00
13/10/00
13/10/00
6/10/00
7/07/00
23/06/00
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 for other articles please visit our archive.
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About
Central Equity