It may be that purchasing conditions for prospective residential property buyers could be set to improve, despite the Reserve Bank of Australia electing to keep interest rates on hold this week.
Charles Tarbey, Chairman and Owner of Century 21 Australia, said that the conditions we are seeing at present are helping to create a window of opportunity for those home buyers and investors who are in a financial position to buy and who have sought the appropriate professional advice.
"The number of residential properties on the market across the country continues to be strong, and with numerous potential buyers refraining from making a decision for the time being, those who are ready to purchase should have a fair amount of room for negotiation," said Charles Tarbey.
With attractive mortgage packages available, Charles encouraged those in a position to act to explore the purchase and financing options available to them.
If you are ready to consider the purchase of a property and would like to get an idea about the options available in your desired location, do not hesitate to drop by any of the hundreds of Century 21 offices around Australia to speak with a real estate professional.