Lower interest rates boost sales and affordability
The recent surprise drop in interest rates has further buoyed the property market at Century City which is reporting a significant uptick in residential sales inquiries. So says Brian Usher of Property World, the official on site estate agency which undertakes all new development sales as well as a large portion of the resale market […]
Banks remain cautious in home loan lending
In spite of the interest rate being at a 33 year low, banks remain very cautious in terms of granting home loans with all information submitted to them being thoroughly analysed to ensure the applicant’s affordability, says Kim Pistor, legal advisor and conveyancing manager for Rabie Property Group. Pistor said while it was relatively straight-forward […]
