"Mortgage Choice is the latest property-exposed business to detect signs the property market is turning, with loan applications up "significantly" in recent months, in stark contrast to a year in which its profits were battered by falling house prices and tighter credit." as quoted by Sydney Morning Herald.
As we come in contact with many real estate agents on a daily basis, this seems to be the general consensus. We are being told that auction clearance rates are considerably up and number of bidders is also noticeably positive. In its meeting on 6th Aug 2019, the Reserve Bank decided to leave the cash rate unchanged at 1.00 per cent.
