In our very first episode, Dr Andrew Wilson Domain's Chief Economist will be providing us with a brief market update. We also discuss some of the Pros & Cons of Granny Flats, investing in off the plan properties and then finally a quick update on this month’s cash rate announcement.
Knowledge of the current real estate market cycle is important to first-time and experienced investors as it affects their strategies. Their decisions may vary depending on which part of the cycle the market is in—boom, slump, or recovery. This way, they can assess the proper timing for investments, which can maximise profitability and mitigate risks in the long run.
Investing in property is a viable strategy for accumulating long-term wealth. By making astute property investment choices, you can achieve substantial profits and set yourself on the path to financial independence.
At its meeting today, the Board decided to lower the cash rate target by 25 basis points to 3.85 per cent.
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