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Further cash rate drop stimulated by economic growth

By Jamil Allouche

The opportunity to pursue your own real estate dreams could be on the horizon, following another reduction to the nation's official cash rate.

Earlier this week, the Reserve Bank of Australia decided to drop the cash rate down to a record low two per cent. This could be great news for interest rates on home loans, allowing for interested buyers to secure real estate in Brunswick with a suitable mortgage. 

Housing Industry Association economist Geordan Murray said the decision would support the record levels of new home building in Australia, further stimulating the nation's economy. 

"New home building has been amongst the strongest performing sectors in the economy and the low interest rate environment has certainly played a role in boosting industry activity," said Mr Murray in a 5 May statement.

"Looking beyond residential building, today's rate cut will provide the support necessary to reignite business investment more broadly." 

Take the time to get in touch with a local real estate agent today to begin discussing the property options available to you in Brunswick.

Whether you're interested in building a new home or purchasing an established one, their expertise will help to put you on the right track. 

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