Optimism in the Sunshine Coast property market remains strong on the back of this week’s interest rate cut and a relatively safe and well-received pre-election budget.
Homeowners will enjoy further mortgage relief in the coming weeks following the Reserve Bank’s decision to cut rates for the first time in a year to an historic new low of 1.75 percent, with most of the major banks moving quickly to pass the cut on in full.
This should translate to a saving of approximately $45 per month on $300,000 mortgage and with even further cuts flagged for the future, the outlook is promising for owner occupiers and investors alike.
The interest rate cut is an added bonus on top of a generally well-received federal budget containing tax relief for small business, support for start-ups and other measures which industry groups predict will stimulate the economy and drive consumer confidence and spending.
Added to already very strong confidence levels in the Sunshine Coast economy through major infrastructure projects including the $2 billion Kawana Health Precinct, airport expansion and more – the environment for property investment is encouraging.
Many new families have started arriving in the area to take advantage of the jobs boom created by the construction and ongoing provision of services for these major projects, further driving up demand for residential homes and rental properties.
At Henzells, we are being inundated with potential buyers and our experienced and friendly sales team are full of energy and committed to getting the best outcomes for every customer.
Henzells Agency is uniquely Sunshine Coast, having serviced the region for over 80 years. As the longest serving and largest full-service independent agency in the area, nobody understands the local property market like Henzells does.