Good afternoon and welcome to Scoutable’s March Wrap Up.
It's been another busy month for Scoutable as we've packed up and moved office. We're loving our new space and are looking forward to having clients come visit.
The Reserve Bank of Australia decided to keep the official cash rate on hold at 1.5% at its April meeting today. That is a record low for 12 consecutive months now. Even though the cash rate hasn't changed, banks are continuing to adjust interest rates outside of RBA movements. Having said that, despite some upward movement in recent weeks, interest rates still remain relatively low. If you're looking for a loan that suits you, we can recommend some great brokers.
As usual for this time of year, stock levels are dropping with the lead up to Easter and schools holidays.
Are you looking to buy or invest? Let us help. We love property and would love to find the perfect one for you.
Till next month,
Kellie Landrey | Principal Buyers Agent
P.s Did you catch Scoutable on The Real Housewives Of Sydney? SO MUCH FUN!!!!
IN THE NEWS
THE BANKS HAVE BEEN WARNED
PROPERTY OF THE MONTH
9/9A BENNETT STREET, BONDI
This two-bedroom, one-bathroom, one-car space, 61sqm apartment presents a great opportunity to get into the sub-million dollar market and it ticks a lot of boxes.
It's top floor position within a block of only nine, and three walls of windows ensures excess amounts of light and air. It also indicates that a few structural changes might be possible. There's so much room to add value here but it's also completely livable as is. It's in a great location near shops and transport and is roughly an equal distance between the beach and the junction.
This property will provide above average potential for capital growth whilst providing solid rental returns.
With a price guide of $900,000, it goes to auction this weekend and we're keen to see what it sells for.