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Property investment potential follows retained cash rate

By James Brown

As Queensland continues to see the economy grow, those interested in purchasing houses for sale in Caboolture could find the latest release from the Housing Industry Association (HIA) interesting. The Reserve Bank of Australia decided to keep the cash rate at the same level for the 16th consecutive month, which means interest rates could also remain steady heading into the future. 

HIA chief economist Harley Dale said this puts Australia on track to reach the longest period of stability for interest rates on record in modern history. As borrowing costs are expected to remain close to record lows for some time, these interest rates are pushing up demand for new housing nationwide. 

"The interest rate boost to the new home building sector has almost run its race, although the pipeline of new residential construction activity is very healthy – elevated levels of new home construction should persist for a considerable time," said Mr Dale in a 4 November statement. 

Now could be a great time to get in touch with a local real estate agent to begin looking into the property market, in order to find the most suitable home for you in the area. 

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