How Interest Rates Can Trigger A BOOM
Find out more - https://www.positiverealestate.com.au/youtube Right now we have a very interesting thing happening in key areas of the marketplace! When interest rates come down (like we have seen over the past few months) -- and the rents have stayed the same (or even kept creeping up due to other influences in the market .....like supply and demand, demographics, infrastructure spend etc) -- we reach a point in the market called parity! A parity situation in real estate (put simply) is when it is equal or more expensive to rent than it is to buy! This is where people are going to start to think, "Why would I rent when it will cost me less to own?" And what you now will start to see is exciting -- as in these areas where parity is occurring, an influx of buyers will come back into the market and start purchasing property and pushing prices up.