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Real Estate Market News
Budget to have little or no impact on market

As we have seen in the budget this week, the feeling amongst buyers in our market place today was that the content of the budget would have no impact in the markets in which Marshall White operate in. The only common thread discussed by buyers, which I entirely agree with, is that the bank tax will be passed on by the banks to their customers and hence the general forecast was that rates would increase over the next few months.

Speaking of interest rates, we have seen all the major banks in recent times, increase their Interest Only rates and are pushing their clients more toward principal and interest loans, where the rates are still competitive.

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