According to Steve Martin, the President of the Real Estate Institute of New South Wales, the first official cut in interest rates in almost seven years heralded terrific news for the New South Wales real estate and property sector. Mr Martin commented on the interest rate cut saying that it was the first step in terms of getting momentum back into the New South Wales property market and would ease pressure on investors as well as encouraging new investors into the market.

It appears to be an ideal time to invest in the property market with recent CPI figures showing that rents have increased by 6.4% in the past year being the fastest annual growth since the early 1990s. These figures indicate that property investors are realising excellent returns on their investment as demand for housing far outpaces supply against a background of soaring demand and limited supply for housing.

To discuss your real estate needs in confidence contact Helen at Branxton Greta & Vineyard Real Estate on (02) 4938 3300 to receive sound real estate advice based on over 21 years experience in the Hunter Valley real estate market.