The Reserve Bank has left official interest rates on hold in May for a 19th-consecutive meeting keeping them at historic record lows.
Prices of apartments that fall into the category of Student Accommodation, Serviced Apartments and many Studio Apartments (SSS) are driven more so by interest rates than any other market factor.
The lower the interest rate the higher the likely sale price for SSS properties.
We know it is inevitable that interest rates will soon start to rise and hence the prices of SSS properties will start to fall.
Once rates rise, it’s unlikely we’ll see interest rates this low again in this generation, hence today may be the peak of the market for the sale of SSS apartments.
Have you considered selling your SSS property, or do you need an updated appraisal as we head into the End of Financial Year?
We have the tools available and the clients waiting to secure the next opportunity so if you have considered selling or need an update for your tax, please call our office 03 9664 8100 or complete your details below: