The RBA has left the cash rate at 3% for another month showing confidence that the economy is turning and no change is necessary. For property investors, leaving the cash rate unchanged is the best news possible. Interest rates remain low making the cost of new purchases more exciting but without the doom and gloom in the media. This has created the first wave of investors back into the market which will be followed by increasingly conservative investors as they realise the sky is NOT falling and they had better get into the market before they miss out (usually at the time, savvy investors are beginning to sell again!).

But enough about the future - now is a very exciting time in property in Australia after the country was voted the country to come through the global economic crisis the best (see June's newsletter and research report for more on this). We are seeing the best buying conditions the country has seen since 2002 albeit in selective regions. Sydney has begun leading the charge followed by Melbourne. Brisbane is fairing well as is the Gold and Sunshine Coasts.

We've got some exciting developments in Wollongong (South of Sydney) as well as Brisbane through our partner firm Virtual Fortune. Come along to one of our seminars to see the latest offerings.