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Overseas Property News
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Australia increase interest rate
Country: Australia
7 October 2009 The Reserve Bank of Australia (RBA) has announced an interest rate rise, on the back of strong Australia property and economic growth. RBA governor Glenn Stevens has decided to raise the cash rate from 3% to 3.25% in order to contain inflation as the economy continues to improve.
Stevens noted that there are various sins suggesting that the economy in Australia would continue on an upward trend. The decision should see the cost of borrowing finance to buy property in Australia increase slightly over the next few days, as lenders factor in the fresh rate rise, which in turn may help slow demand and contain strengthening Australia real estate values. The average price of a property in Australia increased by 1.9% in August, according to the RP Data - Rismark Home Value Index.
See Also: Australia, Marc Da-Silva, Mortgage, Reserve Bank of Australia
Some properties in Australia
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Price: £194,000
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Type: Land
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Featherbrook at Point Cook – only 25 mins from Melbourne Central Business District
With its vast open spaces and specially designed recreational areas, Featherbrook, Point Cook offers residents the very best in lifestyle options.
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View details | Enquire further
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Price: £207,900
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Type: House
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Bedrooms: 4
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New House and land packages, in the new growth coridor.
600sm 4 bedrooms and 3 baths, lock up garage. Tired of the old houseing style of old Europe. Everything is new, new, new
in Caboolture. Low rates, and maintance
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View details | Enquire further
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Price: £214,200
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Type: Apartment
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Bedrooms: 2
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Ocean frontage, 2 bed, 2 bath. 90sm. Near new in well kept resort. 70% Occupany all year around. Low season tariff 145
per day rental. Low body corp in resort area in Sunshine Coast. Great for holidays or retirement apartment
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View details | Enquire further
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Price: £287,500
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Type: House
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Bedrooms: 1/2
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Featherbrook at Point Cook – only 25 mins from Melbourne Central Business District
With its vast open spaces and specially designed recreational areas, Featherbrook, Point Cook offers residents the very best in lifestyle options.
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View details | Enquire further
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Price: s £367,000
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Type: Apartment
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Bedrooms: 1,2,3
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Description - Mainpoint - Melbourne’s newest land mark residential tower is a fantastic opportunity to secure your future.
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View details | Enquire further
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