Sharing the great Australian dream of owning your very own property seems to be becoming more elusive as interest rates have escalated to an 11 year high of 7% after the Reserve Bank of Australia raised rates in February. (Source: Your Mortgage No.1 March 2008)
You don't have to give up on that dream just yet. There are ways to beat the doom and gloom, starting with finding the cheapest suburbs in which to buy a property. In fact a number of suburbs in the Hawkesbury basin were nominated as one of the most affordable suburbs in Sydney to buy (Your Mortgage March 2008), including Windsor and Glossodia.
At RGR we believe there has never been a better time to buy with many people keen to make a move before the interest rates continue to rise. It is equally a terrific time to think about placing your home on the real estate market with many purchasers on the hunt for new properties to the market. Call Rachael and the team at RGR for sound real estate advice.
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