Raine & Horne Ashfield

About Raine & Horne Ashfield

With the Reserve Bank leaving the cash rate on hold at 1.5% for the 23rd consecutive month and Australian Bureau of Statistics reporting that the economy is performing above expectation, the concern with housing affordability is improving.

After half a decade of outstanding growth, a slowdown in the Sydney property market should be welcomed by investors, who are in the right financial position, to think about refinancing their current mortgage or purchasing their second or third property.

With factors such as, lower property prices, built-up equity, tightened lending restrictions and low interest rates, Cameron Kusher, Head of Research at CoreLogic Australia says, “It’s been a sellers’ market for the past five or six years and has only just changed, so while we have these factors in place, it will be a buyers’ market,” Mr Kusher said.