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This is how the rate hold can affect you in today's market

• In early August, the RBA chose to maintain interest rates, allowing a crucial period to gauge past rate impacts and the economic outlook.
• This pause in rates and the possibility of limited future increases have injected confidence into the property market participants.
• Notably, Melbourne's property buyers and sellers have experienced a perceptible shift in sentiment over recent months.
• Buyers, once prone to shortcuts and concessions, have adopted a more careful stance, given shallower pockets and reduced borrowing capacity.
• Sellers can take comfort in the continued strong demand for investment-grade properties, which are expected to maintain their value well.
• Nonetheless, the landscape remains susceptible to unforeseen events such as global economic shifts or domestic political changes, potentially impacting interest rate decisions unpredictably.
• offer no financial advice regarding your personal circumstances but if you decide to sell, I certainly offer a special no extra cost consultancy service to property sellers shielding you from many of the “hassles” of your sale to achieve the optimum sale price.